Kingfisher Capital LLC lifted its stake in Chevron Co. (NYSE:CVX – Get Rating) by 60.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,244 shares of the oil and gas company's stock after purchasing an additional 3,095 shares during the period. Kingfisher Capital LLC's holdings in Chevron were worth $1,184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cantor Fitzgerald Investment Advisor L.P raised its stake in Chevron by 85.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 159,115 shares of the oil and gas company's stock worth $25,908,000 after buying an additional 73,141 shares during the period. Axiom Financial Strategies LLC raised its stake in Chevron by 25.2% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,335 shares of the oil and gas company's stock worth $1,155,000 after buying an additional 1,476 shares during the period. GQG Partners LLC raised its stake in Chevron by 4.7% during the 1st quarter. GQG Partners LLC now owns 40,538 shares of the oil and gas company's stock worth $6,598,000 after buying an additional 1,813 shares during the period. Lumature Wealth Partners LLC raised its stake in Chevron by 43.5% during the 1st quarter. Lumature Wealth Partners LLC now owns 5,837 shares of the oil and gas company's stock worth $950,000 after buying an additional 1,770 shares during the period. Finally, First Trust Advisors LP raised its stake in Chevron by 13.8% during the 1st quarter. First Trust Advisors LP now owns 2,068,600 shares of the oil and gas company's stock worth $336,830,000 after buying an additional 250,840 shares during the period. 69.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP R. Hewitt Pate sold 32,391 shares of Chevron stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $180.00, for a total value of $5,830,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP R. Hewitt Pate sold 32,391 shares of Chevron stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $180.00, for a total value of $5,830,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James William Johnson sold 143,466 shares of the business's stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $179.30, for a total transaction of $25,723,453.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 293,563 shares of company stock worth $53,186,421. Corporate insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

Chevron Trading Up 0.3 %

Shares of NYSE:CVX opened at $177.56 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12-month low of $122.84 and a 12-month high of $189.68. The business has a 50 day moving average of $177.92 and a 200-day moving average of $164.48. The stock has a market cap of $343.34 billion, a PE ratio of 10.10, a P/E/G ratio of 0.79 and a beta of 1.18.

Chevron (NYSE:CVX – Get Rating) last released its quarterly earnings results on Friday, October 28th. The oil and gas company reported $5.56 earnings per share for the quarter, beating analysts' consensus estimates of $5.02 by $0.54. Chevron had a net margin of 14.36% and a return on equity of 22.36%. The company had revenue of $66.64 billion during the quarter, compared to the consensus estimate of $61.44 billion. During the same period in the previous year, the business earned $2.96 earnings per share. The firm's quarterly revenue was up 49.1% on a year-over-year basis. As a group, equities research analysts forecast that Chevron Co. will post 19.03 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Friday, November 18th were given a $1.42 dividend. The ex-dividend date was Thursday, November 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.20%. Chevron's payout ratio is 32.31%.

Chevron Company Profile

(Get Rating)

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.

Read More

• Get a free copy of the StockNews.com research report on Chevron (CVX)
• $2,000 at Alphabet's YouTube Purchase: You'd Be Up This Much.
• Michael Burry is Bearish on Stocks Again and Heres Why
• Is Macau a Sinking Ship for Wynn Resorts?
• Don't Miss These 2 Mid-Cap Techs That Broke Out Last Week
• Is Walgreens Boots Alliance Earnings Miss Good For Investors?

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX – Get Rating).

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.