Stevens Capital Management LP Invests $1.60 Million in Chevron Co. (NYSE:CVX)

Stevens Capital Management LP purchased a new position in shares of Chevron Co. (NYSE:CVX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,050 shares of the oil and gas company's stock, valued at approximately $1,600,000.

Other hedge funds also recently modified their holdings of the company. United Bank raised its stake in shares of Chevron by 8.4% in the third quarter. United Bank now owns 8,095 shares of the oil and gas company's stock valued at $1,192,000 after purchasing an additional 629 shares in the last quarter. Leelyn Smith LLC increased its holdings in Chevron by 6.4% in the 3rd quarter. Leelyn Smith LLC now owns 16,229 shares of the oil and gas company's stock valued at $2,390,000 after buying an additional 979 shares during the period. Waddell & Associates LLC lifted its holdings in shares of Chevron by 4.9% during the 3rd quarter. Waddell & Associates LLC now owns 9,407 shares of the oil and gas company's stock worth $1,385,000 after acquiring an additional 441 shares during the period. Great Valley Advisor Group Inc. boosted its position in shares of Chevron by 7.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 65,895 shares of the oil and gas company's stock valued at $9,705,000 after acquiring an additional 4,605 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Chevron by 3.7% in the third quarter. Cerity Partners LLC now owns 1,153,440 shares of the oil and gas company's stock valued at $169,867,000 after acquiring an additional 41,178 shares during the period. 72.42% of the stock is owned by institutional investors.

Chevron Trading Up 0.2 %

NYSE CVX traded up $0.29 during trading hours on Tuesday, hitting $165.31. The company's stock had a trading volume of 3,957,303 shares, compared to its average volume of 7,994,431. The stock has a fifty day moving average of $156.49 and a 200 day moving average of $152.81. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.82. The firm has a market capitalization of $291.05 billion, a P/E ratio of 17.00, a PEG ratio of 1.46 and a beta of 1.08.

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Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period last year, the firm earned $3.45 EPS. Equities research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.14%. This is an increase from Chevron's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Friday, February 14th. Chevron's dividend payout ratio (DPR) is currently 70.37%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms have issued reports on CVX. Raymond James dropped their price objective on Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company dropped their target price on shares of Chevron from $188.00 to $184.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Citigroup upgraded shares of Chevron from a "neutral" rating to a "buy" rating and boosted their price target for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. Finally, Barclays reduced their target price on Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.13.

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.