TD Waterhouse Canada Inc. Has $18.81 Million Stock Position in Chevron Co. (NYSE:CVX)

TD Waterhouse Canada Inc. lowered its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,832 shares of the oil and gas company's stock after selling 64,563 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Chevron were worth $18,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVX. Life Planning Partners Inc purchased a new stake in shares of Chevron in the fourth quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new position in Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Chevron in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC increased its holdings in Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after buying an additional 88 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in Chevron in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Price Performance

CVX stock traded down $0.38 during midday trading on Friday, reaching $138.69. 6,875,287 shares of the company's stock traded hands, compared to its average volume of 7,952,660. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $244.18 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.46 and a beta of 0.93. The company has a 50-day simple moving average of $152.05 and a two-hundred day simple moving average of $153.02. Chevron Co. has a 1-year low of $132.04 and a 1-year high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the company posted $3.45 EPS. On average, analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 4.93%. The ex-dividend date was Friday, February 14th. This is a boost from Chevron's previous quarterly dividend of $1.63. Chevron's payout ratio is 70.37%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of brokerages have weighed in on CVX. Barclays cut Chevron from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $171.00 to $152.00 in a research report on Wednesday. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Redburn Atlantic restated a "sell" rating and set a $124.00 price target (down from $156.00) on shares of Chevron in a report on Wednesday. Wells Fargo & Company dropped their price objective on Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, BNP Paribas lowered shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $165.71.

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.