Yousif Capital Management LLC Cuts Stake in Chevron Co. (NYSE:CVX)

Yousif Capital Management LLC reduced its stake in Chevron Co. (NYSE:CVX) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 310,817 shares of the oil and gas company’s stock after selling 18,817 shares during the quarter. Chevron accounts for approximately 0.5% of Yousif Capital Management LLC’s portfolio, making the stock its 20th largest holding. Yousif Capital Management LLC’s holdings in Chevron were worth $46,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new stake in Chevron during the third quarter valued at about $26,000. Valley Forge Investment Consultants Inc. ADV lifted its holdings in 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 purchasing an additional 80 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in Chevron during the fourth quarter valued at about $33,000. Legacy Financial Group LLC purchased a new stake in Chevron during the third quarter valued at about $43,000. Finally, Roble Belko & Company Inc lifted its holdings in Chevron by 77.3% during the fourth quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 150 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CVX. Raymond James upped their price objective on shares of Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $170.00 to $195.00 in a report on Thursday, April 11th. UBS Group increased 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. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a report on Monday, April 1st. Finally, DZ Bank downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a report on Tuesday, February 6th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.75.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was 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 of the company’s stock, valued at $44,184.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Chevron Trading Up 0.6 %

Shares of Chevron stock traded up $0.93 on Tuesday, hitting $162.85. The stock had a trading volume of 5,533,624 shares, compared to its average volume of 8,459,302. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. Chevron Co. has a one year low of $139.62 and a one year high of $172.38. The stock has a market cap of $302.46 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.36 and a beta of 1.12. The stock’s 50-day simple moving average is $155.88 and its two-hundred day simple moving average is $151.66.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company had revenue of $47.18 billion during the quarter, compared to analyst estimates of $50.93 billion. During the same quarter last year, the firm posted $4.09 earnings per share. The firm’s revenue was down 16.5% on a year-over-year basis. As a group, sell-side analysts predict that Chevron Co. will post 13.58 EPS for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $1.63 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.51. 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 4.00%. Chevron’s dividend payout ratio (DPR) is presently 57.39%.

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.