Chevron Co. (CVX) Holdings Trimmed by Security Asset Management


Security Asset Management trimmed its position in Chevron Co. (NYSE:CVX) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,326 shares of the oil and gas company’s stock after selling 110 shares during the period. Security Asset Management’s holdings in Chevron were worth $362,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sompo Japan Nipponkoa Asset Management CO. LTD. raised its holdings in shares of Chevron by 25.9% in the fourth quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 100,920 shares of the oil and gas company’s stock worth $10,979,000 after buying an additional 20,740 shares during the last quarter. Country Trust Bank raised its holdings in shares of Chevron by 6.4% in the fourth quarter. Country Trust Bank now owns 140,194 shares of the oil and gas company’s stock worth $15,252,000 after buying an additional 8,422 shares during the last quarter. Alerus Financial NA raised its holdings in shares of Chevron by 11.4% in the fourth quarter. Alerus Financial NA now owns 62,269 shares of the oil and gas company’s stock worth $6,774,000 after buying an additional 6,365 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Chevron by 1.9% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,201 shares of the oil and gas company’s stock worth $3,503,000 after buying an additional 586 shares during the last quarter. Finally, Icon Advisers Inc. Co. raised its holdings in shares of Chevron by 61.3% in the fourth quarter. Icon Advisers Inc. Co. now owns 224,400 shares of the oil and gas company’s stock worth $24,412,000 after buying an additional 85,300 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

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In other Chevron news, Director Enrique Hernandez, Jr. sold 4,200 shares of Chevron stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $122.13, for a total value of $512,946.00. Following the completion of the transaction, the director now owns 15,689 shares of the company’s stock, valued at $1,916,097.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Enrique Hernandez, Jr. sold 2,100 shares of Chevron stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $121.75, for a total transaction of $255,675.00. Following the completion of the transaction, the director now directly owns 15,689 shares of the company’s stock, valued at approximately $1,910,135.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,800 shares of company stock valued at $1,958,211. 0.31% of the stock is currently owned by corporate insiders.

Shares of Chevron stock opened at $118.71 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 0.90. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $128.55. The firm has a market cap of $226.11 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 2.58 and a beta of 1.00.

Chevron (NYSE:CVX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.13. Chevron had a net margin of 8.45% and a return on equity of 9.07%. The firm had revenue of $35.20 billion during the quarter, compared to analysts’ expectations of $38.42 billion. During the same quarter last year, the company posted $1.90 earnings per share. The firm’s revenue was down 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that Chevron Co. will post 7.52 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a dividend of $1.19 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.76 annualized dividend and a dividend yield of 4.01%. Chevron’s dividend payout ratio (DPR) is presently 57.70%.

CVX has been the subject of a number of research analyst reports. Royal Bank of Canada raised shares of Chevron to a “sector perform” rating and set a $145.00 price target for the company in a report on Wednesday, March 6th. Citigroup initiated coverage on shares of Chevron in a report on Monday, May 13th. They issued a “buy” rating and a $135.00 price target for the company. Mizuho reaffirmed a “buy” rating and issued a $140.00 price target on shares of Chevron in a report on Wednesday, March 6th. Tudor Pickering initiated coverage on shares of Chevron in a report on Friday, March 1st. They issued a “buy” rating and a $133.00 price target for the company. Finally, Morgan Stanley initiated coverage on shares of Chevron in a report on Friday, April 12th. They issued an “overweight” rating and a $150.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $135.42.

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Chevron Profile

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Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)



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