Life Planning Partners Inc Makes New Investment in Chevron Co. (NYSE:CVX)

Life Planning Partners Inc acquired a new position in shares of Chevron Co. (NYSE:CVXGet Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,284 shares of the oil and gas company’s stock, valued at approximately $150,000.

A number of other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of Chevron by 3.4% during the third quarter. Geode Capital Management LLC now owns 31,582,362 shares of the oil and gas company’s stock worth $3,196,349,000 after purchasing an additional 1,037,882 shares in the last quarter. Morgan Stanley lifted its position in shares of Chevron by 4.3% during the third quarter. Morgan Stanley now owns 24,297,770 shares of the oil and gas company’s stock worth $2,465,009,000 after purchasing an additional 995,353 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Chevron by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,507,398 shares of the oil and gas company’s stock worth $1,702,446,000 after purchasing an additional 254,353 shares in the last quarter. Invesco Ltd. lifted its position in shares of Chevron by 16.0% during the third quarter. Invesco Ltd. now owns 13,482,487 shares of the oil and gas company’s stock worth $1,367,797,000 after purchasing an additional 1,859,425 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Chevron by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,326,228 shares of the oil and gas company’s stock valued at $977,069,000 after buying an additional 346,881 shares during the period. 65.89% of the stock is currently owned by hedge funds and other institutional investors.

In other Chevron news, VP Rhonda J. Morris sold 59,700 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $167.19, for a total transaction of $9,981,243.00. Following the transaction, the vice president now owns 830 shares of the company’s stock, valued at $138,767.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Enrique Hernandez, Jr. sold 39,773 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $173.99, for a total value of $6,920,104.27. Following the transaction, the director now directly owns 22,978 shares in the company, valued at approximately $3,997,942.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 461,588 shares of company stock worth $74,297,290. 0.32% of the stock is owned by company insiders.

Several equities analysts recently weighed in on CVX shares. Zacks Investment Research lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $189.00 price objective on the stock. in a report on Friday, May 13th. Bank of America increased their price objective on shares of Chevron from $154.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, February 15th. Citigroup increased their price objective on shares of Chevron from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada lowered shares of Chevron from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $160.00 to $165.00 in a report on Thursday, April 21st. Finally, Societe Generale lowered shares of Chevron from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $166.62.

Shares of CVX traded up $0.96 during midday trading on Friday, hitting $167.82. The stock had a trading volume of 9,598,727 shares, compared to its average volume of 15,196,389. The company has a 50 day simple moving average of $165.14 and a two-hundred day simple moving average of $140.68. Chevron Co. has a twelve month low of $92.86 and a twelve month high of $175.65. The firm has a market cap of $329.73 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 0.86 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.43 and a quick ratio of 1.22.

Chevron (NYSE:CVXGet Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $3.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.08). The company had revenue of $54.37 billion during the quarter, compared to analyst estimates of $54.96 billion. Chevron had a net margin of 11.10% and a return on equity of 14.66%. Chevron’s revenue was up 69.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. Analysts forecast that Chevron Co. will post 16.98 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Thursday, May 19th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, May 18th. Chevron’s dividend payout ratio is currently 53.38%.

Chevron Profile (Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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