Chevron Corporation $CVX Stock Position Lessened by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC trimmed its position in Chevron Corporation (NYSE:CVX) by 13.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,739 shares of the oil and gas company’s stock after selling 3,089 shares during the period. Chevron makes up 0.9% of Paradigm Asset Management Co. LLC’s holdings, making the stock its 18th biggest holding. Paradigm Asset Management Co. LLC’s holdings in Chevron were worth $4,031,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gemmer Asset Management LLC boosted its position in Chevron by 1.1% during the 3rd quarter. Gemmer Asset Management LLC now owns 4,254 shares of the oil and gas company’s stock valued at $869,000 after buying an additional 47 shares during the period. Livet Wealth LLC increased its position in shares of Chevron by 4.0% in the third quarter. Livet Wealth LLC now owns 1,268 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 49 shares during the period. Uhlmann Price Securities LLC increased its position in shares of Chevron by 3.1% in the third quarter. Uhlmann Price Securities LLC now owns 1,639 shares of the oil and gas company’s stock valued at $335,000 after acquiring an additional 49 shares during the period. First PREMIER Bank increased its position in shares of Chevron by 0.8% in the second quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock valued at $1,070,000 after acquiring an additional 50 shares during the period. Finally, Vanguard Capital Wealth Advisors raised its stake in shares of Chevron by 1.8% during the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock valued at $467,000 after acquiring an additional 50 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Up 0.9%

NYSE:CVX opened at $213.21 on Thursday. The company has a 50-day moving average price of $215.23 and a 200-day moving average price of $195.08. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $236.48. The company has a current ratio of 1.34, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. The stock has a market cap of $419.05 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.49 and a beta of 0.47.

Chevron (NYSE:CVX) last announced its earnings results on Friday, October 30th. The oil and gas company reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.87 by $0.41. Chevron had a net margin of 11.56% and a return on equity of 14.49%. The firm had revenue of $65.24 billion for the quarter, compared to analyst estimates of $61.82 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. Equities analysts predict that Chevron Corporation will post 18.64 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be issued a $1.78 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $7.12 annualized dividend and a yield of 3.3%. Chevron’s dividend payout ratio (DPR) is 52.08%.

Insiders Place Their Bets

In other Chevron news, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider R. Pate sold 40,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total value of $9,224,655.00. Following the transaction, the insider owned 8,791 shares in the company, valued at $1,992,480.15. This trade represents a 82.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 379,470 shares of company stock worth $77,216,415 over the last three months. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of analyst reports. DZ Bank lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a report on Tuesday, November 3rd. Dbs Bank upgraded Chevron to a “moderate buy” rating in a report on Thursday, August 6th. William Blair started coverage on Chevron in a research report on Wednesday, October 28th. They set an “outperform” rating for the company. UBS Group increased their price objective on Chevron from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Finally, Bank of America increased their price objective on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $221.88.

Trending Headlines about Chevron

Here are a few of the latest headlines about CVX:

• Neutral Sentiment: Dividend coverage highlights Chevron’s long record of annual increases—39 consecutive years—and its reaffirmed payout. That history may appeal to income investors, though comparisons with other dividend stocks do not by themselves indicate near-term earnings or share-price direction. Exxon vs. Chevron: Which Oil Dividend Wins the Next Decade?
• Negative Sentiment: Oil futures fell to their lowest level since August after comments that the Iran conflict was effectively over. Lower crude prices can weigh on energy-sector earnings expectations, although the report notes there was no confirmed deal and Iran denied talks. Oil Prices Just Fell to Their Lowest Since August
• Negative Sentiment: Chevron’s plans to expand Venezuelan production offer potential growth, but the article flags political and investment uncertainty; ExxonMobil’s caution underscores the risks of committing capital in the country. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives. The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.