NN Investment Partners Holdings N.V. lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 995,841 shares of the oil and gas company’s stock after purchasing an additional 125,564 shares during the period. NN Investment Partners Holdings N.V. owned 0.05% of Chevron worth $104,353,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Kathmere Capital Management LLC acquired a new position in Chevron during the 3rd quarter worth approximately $33,000. Rockland Trust Co. raised its stake in shares of Chevron by 9.2% in the fourth quarter. Rockland Trust Co. now owns 206,558 shares of the oil and gas company’s stock worth $17,444,000 after purchasing an additional 17,404 shares during the last quarter. Park National Corp OH raised its stake in shares of Chevron by 8.7% in the fourth quarter. Park National Corp OH now owns 236,875 shares of the oil and gas company’s stock worth $20,004,000 after purchasing an additional 18,901 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Chevron by 5.3% in the fourth quarter. Private Trust Co. NA now owns 25,013 shares of the oil and gas company’s stock worth $2,112,000 after purchasing an additional 1,248 shares during the last quarter. Finally, American National Bank raised its stake in shares of Chevron by 3.4% in the fourth quarter. American National Bank now owns 52,513 shares of the oil and gas company’s stock worth $4,435,000 after purchasing an additional 1,719 shares during the last quarter. Institutional investors own 62.27% of the company’s stock.

NYSE CVX remained flat at $$105.53 during trading hours on Tuesday. The company’s stock had a trading volume of 316,574 shares, compared to its average volume of 10,701,234. The firm has a 50-day moving average price of $104.24 and a 200 day moving average price of $92.40. Chevron Co. has a twelve month low of $65.16 and a twelve month high of $112.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.26. The firm has a market cap of $203.47 billion, a P/E ratio of -17.27, a price-to-earnings-growth ratio of 5.74 and a beta of 1.33.

Chevron (NYSE:CVX) last released its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). Chevron had a negative net margin of 10.86% and a positive return on equity of 1.75%. The firm had revenue of $32.03 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts expect that Chevron Co. will post 0.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Wednesday, May 19th will be given a dividend of $1.34 per share. This is an increase from Chevron’s previous quarterly dividend of $1.29. The ex-dividend date is Tuesday, May 18th. This represents a $5.36 dividend on an annualized basis and a yield of 5.08%. Chevron’s dividend payout ratio (DPR) is presently 82.30%.

A number of analysts recently commented on the company. Zacks Investment Research raised Chevron from a “hold” rating to a “strong-buy” rating and set a $102.00 price target for the company in a research report on Friday, January 29th. Evercore ISI increased their price target on Chevron from $98.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, March 23rd. Jefferies Financial Group downgraded Chevron from a “buy” rating to a “hold” rating and set a $98.00 price target for the company. in a research report on Thursday, January 21st. Scotiabank reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Chevron in a research report on Tuesday, March 16th. Finally, Mizuho assumed coverage on Chevron in a report on Tuesday, January 12th. They set a “buy” rating and a $107.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $110.68.

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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