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

Fox Run Management L.L.C. trimmed its stake in Chevron Corporation (NYSE:CVX) by 33.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,641 shares of the oil and gas company’s stock after selling 2,878 shares during the quarter. Fox Run Management L.L.C.’s holdings in Chevron were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CVX. Quaker Wealth Management LLC raised its position in Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 439 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Chevron in the 3rd quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC lifted its stake in Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 118 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in Chevron in the 3rd quarter valued at about $41,000. Finally, Barnes Dennig Private Wealth Management LLC grew its holdings in Chevron by 306.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley dropped their price objective on Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. TD Cowen raised their price target on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Scotiabank reiterated a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a report on Friday, January 16th. Finally, Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron has a consensus rating of “Hold” and an average price target of $176.36.

Insider Activity at Chevron

In other Chevron news, insider R. Hewitt Pate sold 41,134 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $176.40, for a total value of $7,256,037.60. Following the transaction, the insider directly owned 4,169 shares of the company’s stock, valued at $735,411.60. This trade represents a 90.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Benjamin Walz sold 1,463 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.83, for a total transaction of $268,943.29. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 534,898 shares of company stock worth $89,543,711 in the last quarter. 0.21% of the stock is currently owned by corporate insiders.

Chevron Trading Down 0.1%

Shares of Chevron stock opened at $184.07 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a 50-day moving average of $168.75 and a 200-day moving average of $159.34. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $187.90. The stock has a market cap of $367.29 billion, a PE ratio of 27.64, a PEG ratio of 12.19 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter in the previous year, the company earned $2.06 EPS. The business’s revenue was down 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is currently 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.