Massmutual Trust Co. FSB ADV Raises Stock Position in Chevron Co. (NYSE:CVX)

Massmutual Trust Co. FSB ADV boosted its holdings in Chevron Co. (NYSE:CVX) by 5.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 308,752 shares of the oil and gas company’s stock after buying an additional 14,672 shares during the period. Chevron accounts for approximately 1.5% of Massmutual Trust Co. FSB ADV’s holdings, making the stock its 12th biggest position. Massmutual Trust Co. FSB ADV’s holdings in Chevron were worth $48,703,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CVX. UniSuper Management Pty Ltd grew its position in shares of Chevron by 1.5% during the third quarter. UniSuper Management Pty Ltd now owns 13,200 shares of the oil and gas company’s stock valued at $2,226,000 after purchasing an additional 200 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Chevron by 0.3% during the third quarter. Clearbridge Investments LLC now owns 2,051,553 shares of the oil and gas company’s stock valued at $345,933,000 after purchasing an additional 6,223 shares in the last quarter. LPL Financial LLC grew its position in shares of Chevron by 12.8% during the third quarter. LPL Financial LLC now owns 2,316,337 shares of the oil and gas company’s stock valued at $390,581,000 after purchasing an additional 262,933 shares in the last quarter. Rodgers Brothers Inc. grew its position in Chevron by 11.7% in the third quarter. Rodgers Brothers Inc. now owns 48,117 shares of the oil and gas company’s stock worth $8,113,000 after acquiring an additional 5,053 shares in the last quarter. Finally, Visionary Wealth Advisors grew its position in Chevron by 0.8% in the third quarter. Visionary Wealth Advisors now owns 64,263 shares of the oil and gas company’s stock worth $10,836,000 after acquiring an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 2.2 %

Shares of NYSE CVX opened at $156.65 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23. The firm has a market capitalization of $288.70 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.28 and a beta of 1.12. The stock has a 50 day moving average price of $159.32 and a 200 day moving average price of $154.06. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. Chevron’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.55 earnings per share. Sell-side analysts expect that Chevron Co. will post 13.45 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a $1.63 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.16%. Chevron’s payout ratio is 59.98%.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group lifted their price target on Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. HSBC lifted their price target on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a research report on Monday, April 1st. Mizuho lifted their price target on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Barclays initiated coverage on shares of Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective for the company. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $186.95.

Insiders Place Their Bets

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the sale, the vice president now owns 477 shares in the company, valued at $76,429.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the sale, the vice president now owns 477 shares in the company, valued at $76,429.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $45,540. The disclosure for this sale can be found here. Insiders sold a total of 19,546 shares of company stock worth $3,176,223 over the last 90 days. Company insiders own 0.20% of the company’s stock.

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.