Blue Fin Capital Inc. Has $642,000 Holdings in Chevron Co. (NYSE:CVX)

Blue Fin Capital Inc. grew its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 37.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,469 shares of the oil and gas company’s stock after buying an additional 1,208 shares during the quarter. Blue Fin Capital Inc.’s holdings in Chevron were worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Jmac Enterprises LLC increased its position in Chevron by 3.1% during the third quarter. Jmac Enterprises LLC now owns 6,378 shares of the oil and gas company’s stock worth $916,000 after buying an additional 192 shares during the last quarter. Boston Common Asset Management LLC bought a new position in shares of Chevron in the 3rd quarter valued at approximately $833,000. Sfmg LLC lifted its holdings in Chevron by 74.5% in the 3rd quarter. Sfmg LLC now owns 20,953 shares of the oil and gas company’s stock worth $3,303,000 after purchasing an additional 8,947 shares during the last quarter. Capital Insight Partners LLC boosted its position in Chevron by 24.5% during the third quarter. Capital Insight Partners LLC now owns 2,519 shares of the oil and gas company’s stock worth $362,000 after purchasing an additional 495 shares during the period. Finally, Tsfg LLC grew its holdings in Chevron by 25.6% during the third quarter. Tsfg LLC now owns 3,012 shares of the oil and gas company’s stock valued at $433,000 after purchasing an additional 613 shares during the last quarter. Institutional investors own 69.37% of the company’s stock.

Chevron Price Performance

Chevron stock opened at $180.66 on Tuesday. The business has a 50 day simple moving average of $177.53 and a 200 day simple moving average of $165.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.40 and a quick ratio of 1.15. The company has a market capitalization of $349.33 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18. Chevron Co. has a one year low of $122.84 and a one year high of $189.68.

Chevron (NYSE:CVXGet Rating) last issued its quarterly earnings data on Friday, October 28th. The oil and gas company reported $5.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.02 by $0.54. Chevron had a return on equity of 22.36% and a net margin of 14.36%. The company had revenue of $66.64 billion during the quarter, compared to analysts’ expectations of $61.44 billion. During the same period last year, the business earned $2.96 earnings per share. The business’s revenue was up 49.1% on a year-over-year basis. On average, sell-side analysts forecast that Chevron Co. will post 18.91 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Friday, November 18th were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, November 17th. Chevron’s payout ratio is 32.31%.

Insider Activity

In related news, CEO Michael K. Wirth sold 55,380 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $185.09, for a total transaction of $10,250,284.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP R. Hewitt Pate sold 32,391 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $180.00, for a total transaction of $5,830,380.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael K. Wirth sold 55,380 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $185.09, for a total transaction of $10,250,284.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 293,563 shares of company stock worth $53,186,421. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. HSBC upped their price objective on shares of Chevron to $187.00 in a report on Friday, December 2nd. Cowen raised their target price on Chevron from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Mizuho lowered Chevron from a “buy” rating to a “neutral” rating and upped their price target for the stock from $185.00 to $200.00 in a report on Tuesday, January 10th. Barclays raised their price objective on shares of Chevron from $196.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Cowen upped their target price on shares of Chevron from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $186.67.

Chevron Profile

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Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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