Chevron Co. (NYSE:CVX) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC trimmed its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 56.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,491 shares of the oil and gas company’s stock after selling 1,950 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Chevron were worth $175,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC grew its position in Chevron by 317.1% during the third quarter. Renaissance Technologies LLC now owns 2,523,725 shares of the oil and gas company’s stock worth $256,032,000 after buying an additional 1,918,630 shares during the period. Invesco Ltd. grew its position in Chevron by 16.0% during the third quarter. Invesco Ltd. now owns 13,482,487 shares of the oil and gas company’s stock worth $1,367,797,000 after buying an additional 1,859,425 shares during the period. Neuberger Berman Group LLC grew its position in Chevron by 137.2% during the third quarter. Neuberger Berman Group LLC now owns 2,658,662 shares of the oil and gas company’s stock worth $267,659,000 after buying an additional 1,537,886 shares during the period. Morgan Stanley grew its position in Chevron by 6.9% during the second quarter. Morgan Stanley now owns 23,302,417 shares of the oil and gas company’s stock worth $2,440,693,000 after buying an additional 1,513,296 shares during the period. Finally, Geode Capital Management LLC grew its position in Chevron by 3.4% during the third quarter. Geode Capital Management LLC now owns 31,582,362 shares of the oil and gas company’s stock worth $3,196,349,000 after buying an additional 1,037,882 shares during the period. Institutional investors and hedge funds own 65.89% of the company’s stock.

Several analysts have recently commented on CVX shares. Citigroup increased their price target on shares of Chevron from $124.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, March 2nd. BMO Capital Markets increased their price target on shares of Chevron from $140.00 to $170.00 in a research report on Wednesday, March 2nd. Cowen increased their price target on shares of Chevron from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, March 3rd. Barclays increased their price target on shares of Chevron from $148.00 to $183.00 in a research report on Wednesday, March 9th. Finally, Bank of America upped their price objective on shares of Chevron from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, February 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $165.43.

Shares of Chevron stock traded up $3.16 during trading hours on Friday, hitting $167.87. The company’s stock had a trading volume of 9,229,903 shares, compared to its average volume of 10,133,212. Chevron Co. has a 1-year low of $92.86 and a 1-year high of $174.76. The business has a fifty day moving average of $165.05 and a 200 day moving average of $138.72. The company has a market capitalization of $329.83 billion, a PE ratio of 15.78, a P/E/G ratio of 0.82 and a beta of 1.09. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($0.08). Chevron had a return on equity of 14.66% and a net margin of 11.10%. The business had revenue of $54.37 billion during the quarter, compared to analyst estimates of $54.96 billion. During the same period in the previous year, the company earned $0.90 EPS. Chevron’s revenue was up 69.8% on a year-over-year basis. On average, sell-side analysts anticipate that Chevron Co. will post 17.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Thursday, May 19th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Wednesday, May 18th. Chevron’s payout ratio is currently 53.38%.

In related news, VP Colin E. Parfitt sold 15,500 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $132.91, for a total transaction of $2,060,105.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark A. Nelson sold 117,400 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the sale, the executive vice president now directly owns 788 shares of the company’s stock, valued at $125,662.36. The disclosure for this sale can be found here. Insiders sold 452,115 shares of company stock valued at $69,708,842 in the last three months. Company insiders own 0.32% of the company’s stock.

Chevron Company Profile (Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation 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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