Chevron Co. (NYSE:CVX) Stock Position Raised by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in shares of Chevron Co. (NYSE:CVX) by 699.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,436 shares of the oil and gas company’s stock after acquiring an additional 107,989 shares during the period. Chevron accounts for about 0.7% of Quantbot Technologies LP’s holdings, making the stock its 4th biggest position. Quantbot Technologies LP’s holdings in Chevron were worth $18,178,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. bought a new stake in Chevron during the first quarter worth about $566,000. Kennedy Capital Management LLC bought a new stake in shares of Chevron during the 1st quarter valued at about $5,563,000. Creekmur Asset Management LLC grew its position in Chevron by 13.5% during the first quarter. Creekmur Asset Management LLC now owns 880 shares of the oil and gas company’s stock valued at $139,000 after buying an additional 105 shares during the period. Tidal Investments LLC increased its stake in shares of Chevron by 35.2% in the 1st quarter. Tidal Investments LLC now owns 158,849 shares of the oil and gas company’s stock worth $25,042,000 after purchasing an additional 41,370 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Chevron in the first quarter worth about $2,613,000. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CVX. Mizuho reduced their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Truist Financial upped their target price on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company lowered their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Royal Bank of Canada increased their price objective on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, UBS Group increased their price objective on Chevron from $192.00 to $194.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.56.

Chevron Price Performance

Chevron stock opened at $160.38 on Tuesday. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The stock has a market capitalization of $288.22 billion, a P/E ratio of 17.62, a P/E/G ratio of 3.58 and a beta of 1.09. The firm’s 50-day moving average is $151.94 and its two-hundred day moving average is $152.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted $3.05 EPS. Equities analysts predict that Chevron Co. will post 10.55 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.07%. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. 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 of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.