Chevron Co. (NYSE:CVX) Shares Acquired by Trilogy Capital Inc.

Trilogy Capital Inc. raised its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 843.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,420 shares of the oil and gas company’s stock after buying an additional 16,468 shares during the quarter. Trilogy Capital Inc.’s holdings in Chevron were worth $2,748,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Windsor Advisory Group LLC increased its stake in Chevron by 24.0% in the third quarter. Windsor Advisory Group LLC now owns 3,720 shares of the oil and gas company’s stock valued at $627,000 after purchasing an additional 720 shares during the last quarter. Dechtman Wealth Management LLC acquired a new stake in Chevron in the second quarter valued at $648,000. Altrius Capital Management Inc lifted its holdings in Chevron by 2.1% in the third quarter. Altrius Capital Management Inc now owns 21,333 shares of the oil and gas company’s stock valued at $3,597,000 after acquiring an additional 434 shares during the period. Tsfg LLC raised its stake in shares of Chevron by 5.3% during the 3rd quarter. Tsfg LLC now owns 3,473 shares of the oil and gas company’s stock worth $586,000 after buying an additional 176 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC raised its stake in shares of Chevron by 1.7% during the 2nd quarter. Bridgewealth Advisory Group LLC now owns 5,703 shares of the oil and gas company’s stock worth $898,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Chevron Stock Performance

CVX traded up $0.22 during midday trading on Wednesday, reaching $152.38. The company’s stock had a trading volume of 6,715,450 shares, compared to its average volume of 8,774,000. The stock has a market cap of $287.66 billion, a P/E ratio of 13.40, a PEG ratio of 0.83 and a beta of 1.13. The company has a fifty day simple moving average of $149.76 and a 200 day simple moving average of $153.88. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.12. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $172.88.

Chevron (NYSE:CVXGet Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. The firm had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company’s revenue was down 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 EPS. Research analysts expect that Chevron Co. will post 13.03 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 16th will be given a $1.63 dividend. The ex-dividend date is Thursday, February 15th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.28%. This is an increase from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio (DPR) is currently 57.39%.

Wall Street Analyst Weigh In

Several research firms have commented on CVX. TD Cowen cut Chevron from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. Sanford C. Bernstein upgraded Chevron from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $184.00 to $182.00 in a report on Thursday, November 2nd. DZ Bank cut Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a report on Tuesday, February 6th. UBS Group reduced their price target on Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Finally, Mizuho reduced their price target on Chevron from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $181.53.

Read Our Latest Research Report on Chevron

About Chevron

(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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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