Hudson Value Partners LLC Has $5.53 Million Position in Chevron Co. (NYSE:CVX)

Hudson Value Partners LLC increased its holdings in shares of Chevron Co. (NYSE:CVX) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 37,543 shares of the oil and gas company’s stock after purchasing an additional 864 shares during the period. Chevron makes up approximately 2.1% of Hudson Value Partners LLC’s holdings, making the stock its 14th largest position. Hudson Value Partners LLC’s holdings in Chevron were worth $5,529,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. bought a new position in Chevron during the first quarter worth about $566,000. Embree Financial Group boosted its stake in Chevron by 4.5% in the 1st quarter. Embree Financial Group now owns 9,528 shares of the oil and gas company’s stock valued at $1,503,000 after buying an additional 409 shares in the last quarter. Integris Wealth Management LLC boosted its stake in Chevron by 1.9% in the 1st quarter. Integris Wealth Management LLC now owns 5,567 shares of the oil and gas company’s stock valued at $878,000 after buying an additional 102 shares in the last quarter. Signaturefd LLC raised its stake in Chevron by 2.6% during the first quarter. Signaturefd LLC now owns 26,475 shares of the oil and gas company’s stock worth $4,176,000 after acquiring an additional 664 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Chevron by 4.8% during the first quarter. Richardson Financial Services Inc. now owns 2,067 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 95 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Down 0.6 %

CVX opened at $156.73 on Friday. The firm’s fifty day simple moving average is $147.43 and its 200 day simple moving average is $152.90. The stock has a market capitalization of $286.65 billion, a P/E ratio of 17.22, a P/E/G ratio of 3.43 and a beta of 1.09. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.07% and a net margin of 8.44%. The company had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. During the same period in the prior year, the firm earned $3.05 earnings per share. Chevron’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Chevron Co. will post 10.65 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, November 18th. Chevron’s dividend payout ratio is presently 71.65%.

Analyst Ratings Changes

Several brokerages recently issued reports on CVX. Wolfe Research initiated coverage on shares of Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday. Bank of America assumed coverage on Chevron in a report on Thursday, October 17th. They set a “buy” rating and a $168.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.93.

Chevron Profile

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