Capital Advantage Inc. Has $1.62 Million Position in Chevron Co. (NYSE:CVX)

Capital Advantage Inc. lowered its holdings in Chevron Co. (NYSE:CVX) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,841 shares of the oil and gas company’s stock after selling 494 shares during the quarter. Chevron comprises about 0.3% of Capital Advantage Inc.’s investment portfolio, making the stock its 28th largest position. Capital Advantage Inc.’s holdings in Chevron were worth $1,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CVX. Picton Mahoney Asset Management acquired a new position in shares of Chevron during the third quarter valued at $26,000. Valley Forge Investment Consultants Inc. ADV lifted its stake in shares of Chevron by 80.0% during 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 acquiring an additional 80 shares during the period. Valued Wealth Advisors LLC acquired a new position in shares of Chevron during the fourth quarter valued at $33,000. DHJJ Financial Advisors Ltd. acquired a new position in shares of Chevron during the third quarter valued at $35,000. Finally, Worth Asset Management LLC acquired a new position in shares of Chevron during the first quarter valued at $36,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Up 0.5 %

Shares of Chevron stock opened at $159.82 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The company has a market capitalization of $296.83 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The business has a 50-day moving average of $152.56 and a two-hundred day moving average of $152.41. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $172.88.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.26. The company had revenue of $47.18 billion during the quarter, compared to analysts’ expectations of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. Chevron’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.09 earnings per share. As a group, equities analysts predict that Chevron Co. will post 13.13 EPS for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $1.63 per share. This is a boost from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Thursday, February 15th. Chevron’s dividend payout ratio is currently 57.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DZ Bank lowered Chevron from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a research note on Tuesday, February 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a report on Monday. Jefferies Financial Group upgraded Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Monday, January 8th. Royal Bank of Canada upped their price objective on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, TD Cowen downgraded Chevron from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $180.39.

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.