LaSalle Street Capital Management LLC reduced its stake in shares of Chevron Co. (NYSE:CVX) by 42.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,727 shares of the oil and gas company’s stock after selling 7,045 shares during the period. LaSalle Street Capital Management LLC’s holdings in Chevron were worth $1,230,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in CVX. Live Your Vision LLC increased its holdings in Chevron by 308.0% during the second quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after buying an additional 616 shares during the last quarter. Litman Gregory Asset Management LLC increased its holdings in Chevron by 566.9% during the first quarter. Litman Gregory Asset Management LLC now owns 1,147 shares of the oil and gas company’s stock worth $131,000 after buying an additional 975 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its holdings in Chevron by 20,716.7% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,243 shares during the last quarter. Shine Investment Advisory Services Inc. increased its holdings in Chevron by 45.4% during the second quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock worth $187,000 after buying an additional 462 shares during the last quarter. Finally, BigSur Wealth Management LLC acquired a new position in Chevron during the second quarter worth $200,000. Hedge funds and other institutional investors own 64.66% of the company’s stock.
CVX opened at $118.90 on Wednesday. Chevron Co. has a twelve month low of $107.54 and a twelve month high of $133.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.87. The stock has a market cap of $219.84 billion, a P/E ratio of 32.14, a PEG ratio of 2.01 and a beta of 1.12.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a dividend of $1.12 per share. The ex-dividend date is Thursday, November 15th. This represents a $4.48 annualized dividend and a yield of 3.77%. Chevron’s dividend payout ratio is 121.08%.
A number of equities research analysts have recently issued reports on CVX shares. Wells Fargo & Co reduced their target price on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday. ValuEngine cut shares of Chevron from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Monday, October 1st. Redburn Partners cut shares of Chevron from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $115.00 in a research report on Wednesday, October 3rd. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Chevron in a research report on Tuesday, October 23rd. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Chevron currently has an average rating of “Buy” and an average price target of $138.13.
In related news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $119.97, for a total transaction of $569,857.50. Following the completion of the sale, the insider now owns 4,750 shares of the company’s stock, valued at $569,857.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.
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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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