Banco Santander S.A. Has $17.69 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Banco Santander S.A. lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 25.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 120,116 shares of the oil and gas company’s stock after buying an additional 24,106 shares during the period. Banco Santander S.A.’s holdings in Chevron were worth $17,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CVX. China Universal Asset Management Co. Ltd. bought a new position in shares of Chevron in the 1st quarter valued at approximately $566,000. Capital International Inc. CA raised its position in shares of Chevron by 11.7% in the first quarter. Capital International Inc. CA now owns 125,640 shares of the oil and gas company’s stock valued at $19,818,000 after purchasing an additional 13,135 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Chevron by 10.9% in the first quarter. Canada Pension Plan Investment Board now owns 554,754 shares of the oil and gas company’s stock worth $87,507,000 after buying an additional 54,744 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in shares of Chevron by 6.7% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 88,564 shares of the oil and gas company’s stock worth $13,970,000 after buying an additional 5,538 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Chevron by 6.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 27,377 shares of the oil and gas company’s stock valued at $4,318,000 after buying an additional 1,552 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 0.2 %

Shares of CVX opened at $161.70 on Thursday. 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 50-day moving average price of $150.70 and a two-hundred day moving average price of $152.63. The stock has a market cap of $290.59 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 3.59 and a beta of 1.09. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11.

Chevron (NYSE:CVX) last posted its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same quarter last year, the company earned $3.05 EPS. Chevron’s revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Chevron Co. will post 10.55 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Monday, November 18th. Chevron’s dividend payout ratio (DPR) is currently 71.65%.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of Chevron from $192.00 to $194.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Truist Financial boosted their price objective on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company lowered their target price on Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Scotiabank reduced their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Royal Bank of Canada boosted their target price on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.93.

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.