Chevron Co. (NYSE:CVX) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its position in shares of Chevron Co. (NYSE:CVX) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,792,553 shares of the oil and gas company’s stock after selling 4,744 shares during the quarter. Clearbridge Investments LLC owned approximately 0.09% of Chevron worth $220,807,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CVX. Capital International Investors boosted its position in Chevron by 157.4% during the 3rd quarter. Capital International Investors now owns 23,757,783 shares of the oil and gas company’s stock valued at $2,905,102,000 after acquiring an additional 14,528,219 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Chevron by 320.3% in the 3rd quarter. Renaissance Technologies LLC now owns 2,855,084 shares of the oil and gas company’s stock worth $349,120,000 after purchasing an additional 2,175,800 shares in the last quarter. Vanguard Group Inc raised its holdings in Chevron by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after acquiring an additional 1,897,503 shares during the last quarter. Vanguard Group Inc. raised its holdings in Chevron by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after acquiring an additional 1,897,503 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Chevron by 298.6% in the 4th quarter. Nordea Investment Management AB now owns 1,695,198 shares of the oil and gas company’s stock worth $184,416,000 after acquiring an additional 1,269,889 shares during the last quarter. 65.39% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $125.60, for a total value of $596,600.00. Following the sale, the insider now owns 4,750 shares in the company, valued at $596,600. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Enrique Hernandez, Jr. sold 2,100 shares of Chevron stock in a transaction dated 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 sale, the director now owns 15,689 shares in the company, valued at approximately $1,910,135.75. The disclosure for this sale can be found here. Insiders sold 44,800 shares of company stock valued at $5,604,221 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

Several research firms have recently commented on CVX. Morgan Stanley set a $23.00 price objective on Cabot Oil & Gas and gave the stock a “hold” rating in a research note on Monday, June 24th. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Bank of America set a $144.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a report on Friday, April 12th. Cowen restated a “market perform” rating and set a $99.00 target price (up from $97.00) on shares of United Continental in a research report on Wednesday, April 17th. Finally, Citigroup set a $13.00 target price on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Monday, May 13th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $135.83.

CVX traded up $2.09 during trading on Wednesday, hitting $125.44. The stock had a trading volume of 3,795,904 shares, compared to its average volume of 7,005,899. Chevron Co. has a twelve month low of $100.22 and a twelve month high of $128.55. The business’s 50 day simple moving average is $121.22. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a market cap of $234.95 billion, a P/E ratio of 15.20, a PEG ratio of 3.63 and a beta of 1.00.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.39 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 business had revenue of $35.20 billion during the quarter, compared to the consensus estimate of $38.42 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Chevron Co. will post 7.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a dividend of $1.19 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.76 annualized dividend and a dividend yield of 3.79%. Chevron’s dividend payout ratio (DPR) is presently 57.70%.

Chevron Company Profile

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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