Robeco Institutional Asset Management B.V. boosted its position in shares of Chevron Co. (NYSE:CVX) by 102.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 242,215 shares of the oil and gas company’s stock after acquiring an additional 122,561 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Chevron were worth $30,322,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Family Office LLC raised its stake in Chevron by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after acquiring an additional 20 shares during the period. Accurate Investment Solutions Inc. raised its stake in 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 worth $159,000 after acquiring an additional 502 shares during the period. Acrospire Investment Management LLC raised its stake in 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 worth $146,000 after acquiring an additional 800 shares during the period. Ffcm LLC raised its stake in Chevron by 121.1% during the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 822 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of Chevron during the second quarter valued at approximately $160,000. Institutional investors own 64.98% of the company’s stock.
CVX stock opened at $114.04 on Friday. Chevron Co. has a fifty-two week low of $102.55 and a fifty-two week high of $133.88. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $217,845.27, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Friday, February 16th were issued a $1.12 dividend. The ex-dividend date was Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.93%. Chevron’s dividend payout ratio (DPR) is 121.08%.
CVX has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Wednesday, December 27th. Vetr upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $134.35 price objective on the stock in a research report on Tuesday, December 26th. Scotiabank reiterated a “buy” rating and set a $130.00 price objective on shares of Chevron in a research report on Friday, December 22nd. Jefferies Group reiterated a “buy” rating and set a $140.00 price objective on shares of Chevron in a research report on Wednesday, December 20th. Finally, Bank of America set a $125.00 price objective on shares of Chevron and gave the company a “buy” rating in a research report on Saturday, December 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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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