Woodmont Investment Counsel LLC Has $4.05 Million Stake in Chevron Co. (CVX)

Woodmont Investment Counsel LLC grew its stake in Chevron Co. (NYSE:CVX) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,034 shares of the oil and gas company’s stock after acquiring an additional 926 shares during the period. Chevron accounts for approximately 1.1% of Woodmont Investment Counsel LLC’s holdings, making the stock its 26th largest position. Woodmont Investment Counsel LLC’s holdings in Chevron were worth $4,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Chevron by 3.5% in the 2nd quarter. FMR LLC now owns 35,416,997 shares of the oil and gas company’s stock valued at $4,477,771,000 after acquiring an additional 1,211,881 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Chevron by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,217,173 shares of the oil and gas company’s stock valued at $1,671,000,000 after purchasing an additional 190,647 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Chevron by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 8,933,341 shares of the oil and gas company’s stock valued at $1,129,443,000 after purchasing an additional 204,547 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Chevron by 0.4% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,624,550 shares of the oil and gas company’s stock valued at $869,505,000 after purchasing an additional 31,022 shares during the last quarter. Finally, Standard Life Aberdeen plc lifted its stake in Chevron by 78.9% in the 2nd quarter. Standard Life Aberdeen plc now owns 6,790,689 shares of the oil and gas company’s stock valued at $858,547,000 after purchasing an additional 2,994,612 shares during the last quarter. Institutional investors own 64.89% of the company’s stock.

Shares of CVX stock opened at $113.60 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.01. The company has a market cap of $224.65 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 2.04 and a beta of 1.12. Chevron Co. has a 12-month low of $107.54 and a 12-month high of $133.88.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05. The firm had revenue of $43.99 billion during the quarter, compared to the consensus estimate of $47.17 billion. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. On average, sell-side analysts anticipate that Chevron Co. will post 8.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders 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 3.94%. Chevron’s dividend payout ratio (DPR) is presently 121.08%.

In other Chevron news, insider James William Johnson sold 4,750 shares of the firm’s stock in a transaction that occurred on 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 directly owns 4,750 shares in the company, valued at $569,857.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.

CVX has been the subject of several recent analyst reports. Goldman Sachs Group reiterated a “buy” rating and issued a $141.00 target price on shares of Chevron in a research note on Tuesday, July 31st. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Chevron in a research note on Tuesday, October 23rd. ValuEngine downgraded shares of Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Wells Fargo & Co cut their target price on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. Eight research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $138.13.

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Chevron 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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