UMB Bank N A MO grew its holdings in shares of Chevron Co. (NYSE:CVX) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,580 shares of the oil and gas company’s stock after buying an additional 1,962 shares during the quarter. Chevron accounts for approximately 1.1% of UMB Bank N A MO’s holdings, making the stock its 15th biggest holding. UMB Bank N A MO’s holdings in Chevron were worth $34,375,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CVX. Acrospire Investment Management LLC raised its position in shares of Chevron by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 800 shares in the last quarter. Accurate Investment Solutions Inc. raised its position in shares of Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 502 shares in the last quarter. Ffcm LLC raised its position in shares of Chevron by 121.1% during the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 822 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Chevron during the 2nd quarter valued at about $160,000. Finally, Intellectus Partners LLC raised its position in shares of Chevron by 1.0% during the 2nd quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 64.96% of the company’s stock.
CVX stock opened at $112.98 on Friday. The company has a market cap of $217,195.77, a P/E ratio of 23.29, a PEG ratio of 2.25 and a beta of 1.19. Chevron Co. has a 1 year low of $102.55 and a 1 year high of $133.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 1.03.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were paid a dividend of $1.12 per share. The ex-dividend date was Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.97%. Chevron’s dividend payout ratio (DPR) is currently 92.37%.
A number of analysts recently weighed in on the stock. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $117.38 price objective on the stock. in a research report on Wednesday. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Credit Suisse Group reduced their price objective on shares of Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 7th. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Societe Generale raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company. Chevron currently has an average rating of “Buy” and an average target price of $129.79.
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Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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