TradeLink Capital LLC Acquires Shares of 5,520 Chevron Co. (NYSE:CVX)

TradeLink Capital LLC acquired a new stake in shares of Chevron Co. (NYSE:CVX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,520 shares of the oil and gas company’s stock, valued at approximately $493,000. Chevron comprises 2.0% of TradeLink Capital LLC’s investment portfolio, making the stock its 16th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Guggenheim Capital LLC increased its holdings in Chevron by 1.9% in the 4th quarter. Guggenheim Capital LLC now owns 526,120 shares of the oil and gas company’s stock worth $63,402,000 after acquiring an additional 10,055 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Chevron by 65.0% during the fourth quarter. Macquarie Group Ltd. now owns 462,133 shares of the oil and gas company’s stock worth $55,692,000 after buying an additional 182,048 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Chevron by 25.2% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,317 shares of the oil and gas company’s stock worth $1,255,000 after buying an additional 3,482 shares in the last quarter. Stillwater Investment Management LLC grew its holdings in shares of Chevron by 10.3% during the first quarter. Stillwater Investment Management LLC now owns 3,264 shares of the oil and gas company’s stock worth $237,000 after buying an additional 304 shares in the last quarter. Finally, Woodstock Corp grew its holdings in shares of Chevron by 4.0% during the first quarter. Woodstock Corp now owns 6,049 shares of the oil and gas company’s stock worth $438,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 64.60% of the company’s stock.

NYSE CVX traded down $2.33 during trading hours on Friday, reaching $83.94. The company had a trading volume of 19,120,651 shares, compared to its average volume of 7,507,398. The stock has a 50-day moving average of $88.84 and a 200 day moving average of $92.49. Chevron Co. has a 1-year low of $51.60 and a 1-year high of $125.27. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $156.71 billion, a P/E ratio of 40.95, a price-to-earnings-growth ratio of 21.46 and a beta of 1.29.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 31st. The oil and gas company reported ($1.59) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.93) by ($0.66). The company had revenue of $13.95 billion during the quarter, compared to analyst estimates of $21.71 billion. Chevron had a net margin of 2.71% and a return on equity of 8.28%. The company’s quarterly revenue was down 64.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.77 EPS. As a group, sell-side analysts predict that Chevron Co. will post 0.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $1.29 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $5.16 dividend on an annualized basis and a yield of 6.15%. Chevron’s dividend payout ratio (DPR) is presently 82.30%.

A number of research firms have recently issued reports on CVX. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. upped their target price on shares of Chevron from $103.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Credit Suisse Group upped their target price on shares of Chevron from $81.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Raymond James upped their target price on shares of Chevron from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Finally, Zacks Investment Research raised shares of Chevron from a “hold” rating to a “strong-buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $111.25.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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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