Chevron Co. (NYSE:CVX) Shares Sold by Clare Market Investments LLC

by · The Cerbat Gem

Clare Market Investments LLC cut its holdings in shares of Chevron Co. (NYSE:CVX – Free Report) by 15.9% during the first quarter, HoldingsChannel.com reports. The firm owned 3,041 shares of the oil and gas company’s stock after selling 574 shares during the period. Clare Market Investments LLC’s holdings in Chevron were worth $509,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CVX. Capital & Planning LLC grew its position in Chevron by 15.2% during the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company’s stock worth $243,000 after purchasing an additional 222 shares during the period. Eagle Capital Management LLC grew its position in Chevron by 0.7% during the 4th quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company’s stock worth $5,011,000 after purchasing an additional 242 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Chevron during the 4th quarter worth about $8,947,000. Optas LLC acquired a new stake in Chevron during the 4th quarter worth about $321,000. Finally, Columbus Macro LLC grew its position in Chevron by 49.3% during the 4th quarter. Columbus Macro LLC now owns 2,194 shares of the oil and gas company’s stock worth $318,000 after purchasing an additional 724 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Down 1.5%

Shares of NYSE CVX opened at $137.46 on Thursday. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The company has a 50 day simple moving average of $140.16 and a 200-day simple moving average of $150.11. The company has a market capitalization of $240.06 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX – Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter last year, the firm earned $2.93 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities research analysts predict that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.98%. Chevron’s dividend payout ratio (DPR) is presently 78.17%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CVX shares. UBS Group cut their price target on Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company decreased their price target on shares of Chevron from $173.00 to $164.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Hsbc Global Res lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 13th. DZ Bank lowered shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Tuesday, May 6th. Finally, Barclays lowered shares of Chevron from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $171.00 to $152.00 in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.24.

Read Our Latest Research Report on CVX

Chevron Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX – Free Report).