Chevron Co. (NYSE:CVX) is Capricorn Fund Managers Ltd’s 8th Largest Position

Capricorn Fund Managers Ltd raised its position in Chevron Co. (NYSE:CVX) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,615 shares of the oil and gas company’s stock after acquiring an additional 10,306 shares during the quarter. Chevron accounts for about 4.0% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 8th largest holding. Capricorn Fund Managers Ltd’s holdings in Chevron were worth $5,981,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Eagle Capital Management LLC grew its holdings in Chevron by 0.5% during the 1st quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company’s stock worth $5,435,000 after acquiring an additional 163 shares in the last quarter. Lane & Associates LLC acquired a new position in Chevron in the first quarter worth about $345,000. KCM Investment Advisors LLC increased its holdings in Chevron by 2.5% in the first quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock valued at $52,299,000 after buying an additional 8,168 shares during the last quarter. Livelsberger Financial Advisory bought a new position in Chevron during the 4th quarter worth approximately $46,000. Finally, Hosking Partners LLP acquired a new position in shares of Chevron in the 1st quarter worth approximately $4,924,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Up 0.5 %

Shares of Chevron stock opened at $151.42 on Monday. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $170.17. The firm has a market capitalization of $276.94 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $145.46 and its 200-day moving average is $153.93.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The company had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $3.08 earnings per share. Equities analysts anticipate that Chevron Co. will post 11.09 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.31%. Chevron’s dividend payout ratio is 64.55%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CVX shares. UBS Group raised their price objective on Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Mizuho decreased their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $170.00 price objective on shares of Chevron in a research note on Tuesday, October 8th. Scotiabank decreased their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research note on Thursday. Finally, Barclays reduced their price target on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.81.

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.