Chevron Co. (NYSE:CVX) is Crewe Advisors LLC’s 5th Largest Position

Crewe Advisors LLC lowered its holdings in shares of Chevron Co. (NYSE:CVX) by 4.4% in the third quarter, Holdings Channel.com reports. The fund owned 112,540 shares of the oil and gas company’s stock after selling 5,186 shares during the quarter. Chevron comprises 6.1% of Crewe Advisors LLC’s portfolio, making the stock its 5th biggest holding. Crewe Advisors LLC’s holdings in Chevron were worth $13,347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of Chevron by 0.8% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 45,014 shares of the oil and gas company’s stock worth $5,602,000 after acquiring an additional 379 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in shares of Chevron by 0.4% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 58,040 shares of the oil and gas company’s stock worth $7,222,000 after acquiring an additional 238 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Chevron by 74.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,387,145 shares of the oil and gas company’s stock worth $171,630,000 after acquiring an additional 592,920 shares in the last quarter. Goodman Financial Corp raised its position in shares of Chevron by 1.2% in the 2nd quarter. Goodman Financial Corp now owns 50,084 shares of the oil and gas company’s stock worth $6,232,000 after acquiring an additional 599 shares in the last quarter. Finally, Gratus Capital LLC raised its position in shares of Chevron by 7.4% in the 2nd quarter. Gratus Capital LLC now owns 14,591 shares of the oil and gas company’s stock worth $1,816,000 after acquiring an additional 1,002 shares in the last quarter. Institutional investors own 65.75% of the company’s stock.

Shares of NYSE:CVX opened at $120.81 on Tuesday. The business’s 50-day moving average is $117.51 and its 200 day moving average is $119.96. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $127.34. The firm has a market capitalization of $228.66 billion, a P/E ratio of 14.64, a P/E/G ratio of 3.23 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 0.93.

Chevron (NYSE:CVX) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The business had revenue of $36.12 billion for the quarter, compared to analyst estimates of $37.69 billion. During the same period in the prior year, the company earned $2.11 earnings per share. The company’s quarterly revenue was down 17.9% on a year-over-year basis. On average, analysts expect that Chevron Co. will post 6.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 3.94%. The ex-dividend date is Friday, November 15th. Chevron’s dividend payout ratio is currently 57.70%.

CVX has been the subject of several recent research reports. Barclays initiated coverage on Chevron in a research report on Monday, August 19th. They issued an “overweight” rating and a $145.00 price target for the company. ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their price target on Chevron from $142.00 to $139.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Cowen reduced their target price on Chevron from $140.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Independent Research set a $127.00 target price on Chevron and gave the company a “neutral” rating in a research report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Chevron has a consensus rating of “Buy” and an average price target of $135.88.

In other Chevron news, EVP Joseph C. Geagea sold 5,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $118.10, for a total transaction of $590,500.00. Following the sale, the executive vice president now owns 6,243 shares in the company, valued at approximately $737,298.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph C. Geagea sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $116.98, for a total value of $1,754,700.00. Following the sale, the executive vice president now owns 6,243 shares in the company, valued at approximately $730,306.14. The disclosure for this sale can be found here. Insiders have sold a total of 83,750 shares of company stock worth $10,236,850 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Chevron Company 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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