Fox Run Management L.L.C. Has $876,000 Stake in Chevron Corporation $CVX

Fox Run Management L.L.C. lessened its position in Chevron Corporation (NYSE:CVX) by 33.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,641 shares of the oil and gas company’s stock after selling 2,878 shares during the period. Fox Run Management L.L.C.’s holdings in Chevron were worth $876,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Cary Street Partners Financial LLC boosted its position in Chevron by 0.6% in the third quarter. Cary Street Partners Financial LLC now owns 77,380 shares of the oil and gas company’s stock valued at $12,016,000 after buying an additional 454 shares in the last quarter. Colonial Trust Advisors boosted its holdings in shares of Chevron by 0.5% in the 3rd quarter. Colonial Trust Advisors now owns 69,358 shares of the oil and gas company’s stock worth $10,771,000 after acquiring an additional 358 shares in the last quarter. Vawter Financial Ltd. acquired a new stake in Chevron during the 3rd quarter valued at $433,000. JFS Wealth Advisors LLC raised its position in Chevron by 5.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 16,958 shares of the oil and gas company’s stock valued at $2,633,000 after purchasing an additional 906 shares during the last quarter. Finally, Abbot Financial Management Inc. boosted its stake in Chevron by 6.8% in the third quarter. Abbot Financial Management Inc. now owns 7,254 shares of the oil and gas company’s stock worth $1,126,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Andrew Benjamin Walz sold 1,463 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $183.83, for a total value of $268,943.29. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 534,898 shares of company stock valued at $89,543,711. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CVX. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Mizuho boosted their target price on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Citigroup reduced their target price on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Chevron currently has an average rating of “Hold” and an average price target of $176.36.

Chevron Stock Down 0.1%

NYSE:CVX opened at $184.07 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $187.90. The stock’s fifty day simple moving average is $168.75 and its 200-day simple moving average is $159.34. The firm has a market capitalization of $367.29 billion, a P/E ratio of 27.64, a P/E/G ratio of 12.19 and a beta of 0.70.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio is presently 106.91%.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.