Chevron Co. (NYSE:CVX) Holdings Raised by Keene & Associates Inc.

Keene & Associates Inc. grew its stake in Chevron Co. (NYSE:CVX) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,662 shares of the oil and gas company’s stock after acquiring an additional 320 shares during the period. Chevron comprises 3.3% of Keene & Associates Inc.’s investment portfolio, making the stock its 3rd biggest holding. Keene & Associates Inc.’s holdings in Chevron were worth $3,977,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CVX. Picton Mahoney Asset Management acquired a new position in shares of Chevron in the third quarter valued at approximately $26,000. Valley Forge Investment Consultants Inc. ADV grew its holdings in shares of Chevron by 80.0% in the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. DHJJ Financial Advisors Ltd. acquired a new position in shares of Chevron in the third quarter valued at approximately $35,000. Valued Wealth Advisors LLC acquired a new position in shares of Chevron in the fourth quarter valued at approximately $33,000. Finally, Worth Asset Management LLC acquired a new position in shares of Chevron in the first quarter valued at approximately $36,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Up 0.2 %

CVX stock opened at $159.28 on Monday. The company has a fifty day moving average price of $154.92 and a 200 day moving average price of $152.01. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $172.54. The company has a market cap of $295.83 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.19 by $0.26. The firm had revenue of $47.18 billion during the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. Chevron’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.09 EPS. Sell-side analysts expect that Chevron Co. will post 13.24 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.52 dividend on an annualized basis and a yield of 4.09%. This is an increase from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio is presently 57.39%.

Insiders Place Their Bets

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the transaction, the vice president now owns 276 shares in the company, valued at approximately $44,184.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on CVX shares. Mizuho lifted their price objective on shares of Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Barclays initiated coverage on shares of Chevron in a report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price target for the company. Royal Bank of Canada boosted their price target on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. UBS Group boosted their price target on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.60.

About Chevron

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