Chevron Co. (CVX) Stake Increased by CWA Asset Management Group LLC

CWA Asset Management Group LLC boosted its position in shares of Chevron Co. (NYSE:CVX) by 28.4% during the fourth quarter, Holdings Channel reports. The firm owned 28,159 shares of the company’s stock after buying an additional 6,227 shares during the period. Chevron makes up about 1.4% of CWA Asset Management Group LLC’s holdings, making the stock its 13th largest position. CWA Asset Management Group LLC’s holdings in Chevron were worth $3,314,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVX. Greatmark Investment Partners Inc. boosted its stake in shares of Chevron by 0.5% in the third quarter. Greatmark Investment Partners Inc. now owns 36,644 shares of the company’s stock worth $3,771,000 after buying an additional 189 shares in the last quarter. Rockland Trust Co. boosted its stake in shares of Chevron by 10.2% in the third quarter. Rockland Trust Co. now owns 102,310 shares of the company’s stock worth $10,530,000 after buying an additional 9,429 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Chevron by 1.0% in the third quarter. Northern Trust Corp now owns 25,401,354 shares of the company’s stock worth $2,614,308,000 after buying an additional 261,621 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Chevron by 4.4% in the third quarter. Bollard Group LLC now owns 93,846 shares of the company’s stock worth $9,659,000 after buying an additional 3,932 shares in the last quarter. Finally, Concorde Asset Management LLC boosted its stake in shares of Chevron by 479.4% in the third quarter. Concorde Asset Management LLC now owns 14,590 shares of the company’s stock worth $1,497,000 after buying an additional 12,072 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

Chevron Co. (NYSE:CVX) opened at 107.66 on Tuesday. The firm’s market cap is $203.81 billion. The firm has a 50-day moving average price of $111.42 and a 200 day moving average price of $109.05. Chevron Co. has a 12-month low of $92.25 and a 12-month high of $119.00.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 27th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.42. The company earned $31.50 billion during the quarter, compared to the consensus estimate of $35.24 billion. Chevron had a negative net margin of 0.43% and a positive return on equity of 1.26%. Chevron’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) EPS. Equities research analysts forecast that Chevron Co. will post $4.60 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Thursday, February 16th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Tuesday, February 14th. Chevron’s payout ratio is -1,600.00%.

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CVX has been the subject of a number of analyst reports. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Chevron in a research report on Sunday, January 29th. Vetr raised Chevron from a “sell” rating to a “hold” rating and set a $108.45 price target for the company in a research report on Wednesday, February 1st. HSBC Holdings plc cut Chevron from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, January 10th. Goldman Sachs Group Inc raised Chevron to a “buy” rating in a research report on Sunday, December 18th. Finally, Macquarie raised Chevron from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $90.00 to $130.00 in a research report on Thursday, December 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $119.65.

In other news, insider Pierre R. Breber sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.80, for a total value of $5,031,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Chevron Company Profile

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.

5 Day Chart for NYSE:CVX

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX).

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