California State Teachers Retirement System Has $298.63 Million Holdings in Chevron Co. (NYSE:CVX)

California State Teachers Retirement System lessened its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,061,787 shares of the oil and gas company's stock after selling 113,087 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Chevron worth $298,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CVX. Life Planning Partners Inc acquired a new stake in Chevron in the 4th quarter valued at $25,000. IMG Wealth Management Inc. acquired a new stake in Chevron in the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron in the 4th quarter valued at $29,000. Fairway Wealth LLC boosted its stake in Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after buying an additional 88 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in Chevron in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on CVX. BNP Paribas lowered Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Barclays cut Chevron from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $171.00 to $152.00 in a report on Wednesday, April 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. UBS Group decreased their price objective on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $165.71.

Insider Transactions at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction on Friday, February 7th. The shares were sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company's stock.

Chevron Stock Down 0.3 %

Shares of NYSE:CVX opened at $138.69 on Monday. Chevron Co. has a one year low of $132.04 and a one year high of $168.96. The company has a 50 day moving average of $151.70 and a 200-day moving average of $152.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock has a market cap of $244.18 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.46 and a beta of 0.93.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a net margin of 8.71% and a return on equity of 11.44%. During the same quarter in the prior year, the company posted $3.45 earnings per share. On average, sell-side analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.93%. This is a boost from Chevron's previous quarterly dividend of $1.63. The ex-dividend date was Friday, February 14th. Chevron's dividend payout ratio (DPR) is currently 70.37%.

Chevron Company 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.

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