Fullerton Fund Management Co Ltd. Has $1.38 Million Stake in Chevron Co. (NYSE:CVX)

Fullerton Fund Management Co Ltd. raised its stake in shares of Chevron Co. (NYSE:CVX) by 126.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,540 shares of the oil and gas company’s stock after buying an additional 5,327 shares during the period. Fullerton Fund Management Co Ltd.’s holdings in Chevron were worth $1,382,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Regent Peak Wealth Advisors LLC increased its stake in Chevron by 4.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,117 shares of the oil and gas company’s stock valued at $596,000 after buying an additional 168 shares during the last quarter. CJM Wealth Advisers Ltd. raised its stake in Chevron by 5.1% in the 4th quarter. CJM Wealth Advisers Ltd. now owns 2,901 shares of the oil and gas company’s stock valued at $420,000 after acquiring an additional 140 shares during the period. First International Bank & Trust lifted its stake in shares of Chevron by 50.9% during the 4th quarter. First International Bank & Trust now owns 3,162 shares of the oil and gas company’s stock valued at $458,000 after buying an additional 1,066 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Chevron by 17.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,038,871 shares of the oil and gas company’s stock worth $152,995,000 after acquiring an additional 157,272 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in Chevron by 49.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 20,607 shares of the oil and gas company’s stock worth $2,985,000 after purchasing an additional 6,822 shares during the period. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CVX. DZ Bank cut shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. BNP Paribas downgraded Chevron to a “cautious” rating in a research report on Tuesday, April 15th. Scotiabank cut Chevron from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $160.00 to $143.00 in a research note on Friday, April 11th. Finally, Redburn Atlantic restated a “sell” rating and issued a $124.00 price objective (down from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Chevron presently has an average rating of “Hold” and an average price target of $161.25.

Chevron Stock Performance

Shares of CVX opened at $138.52 on Friday. The company has a market cap of $243.88 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96. The business’s fifty day simple moving average is $147.91 and its two-hundred day simple moving average is $152.05.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm had revenue of $47.61 billion for the quarter, compared to analysts’ expectations of $49.05 billion. During the same quarter in the prior year, the business earned $2.93 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Research analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Monday, May 19th. Chevron’s payout ratio is currently 78.17%.

Chevron Profile

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.