Vanguard Personalized Indexing Management LLC Has $37.02 Million Stake in Chevron Corporation $CVX

Vanguard Personalized Indexing Management LLC increased its stake in Chevron Corporation (NYSE:CVX) by 30.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,091 shares of the oil and gas company’s stock after acquiring an additional 55,511 shares during the quarter. Chevron accounts for approximately 0.4% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 29th largest position. Vanguard Personalized Indexing Management LLC’s holdings in Chevron were worth $37,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CVX. Norges Bank bought a new position in shares of Chevron during the 2nd quarter worth about $2,721,477,000. Laurel Wealth Advisors LLC boosted its holdings in Chevron by 14,194.2% in the second quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock worth $532,984,000 after acquiring an additional 3,696,177 shares in the last quarter. Berkshire Hathaway Inc grew its stake in Chevron by 2.9% in the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after acquiring an additional 3,454,258 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Chevron by 32.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,125,735 shares of the oil and gas company’s stock valued at $1,417,135,000 after acquiring an additional 2,218,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Chevron by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock worth $4,979,255,000 after purchasing an additional 1,342,723 shares during the period. 72.42% of the stock is owned by institutional investors.

Chevron Stock Performance

Shares of Chevron stock opened at $166.74 on Monday. The business’s fifty day simple moving average is $154.52 and its 200 day simple moving average is $154.84. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $169.37. The firm has a market capitalization of $335.73 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 11.38 and a beta of 0.70.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The company had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 annualized dividend and a dividend yield of 4.1%. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Wall Street Analysts Forecast Growth

CVX has been the subject of several research reports. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. UBS Group reiterated a “buy” rating on shares of Chevron in a report on Monday, December 1st. Scotiabank reissued a “sector perform” rating and set a $168.00 target price on shares of Chevron in a research report on Friday, January 16th. HSBC set a $169.00 price target on shares of Chevron and gave the company a “buy” rating in a research report on Monday, December 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $170.00.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the transaction, the chief executive officer owned 14,450 shares in the company, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Hess sold 275,000 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the transaction, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 635,190 shares of company stock worth $100,254,408. Company insiders own 0.20% of the company’s stock.

Chevron 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.