Dubuque Bank & Trust Co. grew its holdings in shares of Chevron Co. (NYSE:CVX) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,231 shares of the oil and gas company’s stock after buying an additional 1,952 shares during the quarter. Chevron accounts for about 2.1% of Dubuque Bank & Trust Co.’s investment portfolio, making the stock its 10th largest holding. Dubuque Bank & Trust Co.’s holdings in Chevron were worth $14,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Deschutes Portfolio Strategy LLC lifted its stake in Chevron by 0.5% during the second quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 13 shares during the last quarter. Regis Management CO LLC lifted its stake in Chevron by 0.4% during the second quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock worth $341,000 after purchasing an additional 14 shares during the last quarter. Keel Point LLC lifted its stake in Chevron by 0.5% during the second quarter. Keel Point LLC now owns 2,759 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 14 shares during the last quarter. FCG Advisors LLC lifted its stake in Chevron by 0.4% during the second quarter. FCG Advisors LLC now owns 3,907 shares of the oil and gas company’s stock worth $408,000 after purchasing an additional 15 shares during the last quarter. Finally, Intellectus Partners LLC lifted its stake in Chevron by 1.0% during the second quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 64.98% of the company’s stock.

CVX has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Chevron from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. BMO Capital Markets upgraded Chevron from a “market perform” rating to an “outperform” rating and raised their target price for the company from $120.00 to $140.00 in a research note on Thursday, January 11th. Vetr upgraded Chevron from a “buy” rating to a “strong-buy” rating and set a $135.52 target price on the stock in a research note on Monday, February 5th. HSBC cut Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, Bank of America upgraded Chevron from a “neutral” rating to a “buy” rating and raised their target price for the company from $113.61 to $138.00 in a research note on Wednesday, February 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $131.02.

In other news, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $121.97, for a total transaction of $3,110,235.00. Following the transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at $3,110,235. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by company insiders.

Shares of CVX opened at $126.62 on Friday. The firm has a market cap of $234,426.25, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.37 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. Chevron Co. has a one year low of $102.55 and a one year high of $133.88.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.42. The company had revenue of $37.76 billion for the quarter, compared to analyst estimates of $40.34 billion. Chevron had a return on equity of 5.22% and a net margin of 6.49%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. sell-side analysts anticipate that Chevron Co. will post 6.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 18th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Thursday, May 17th. Chevron’s dividend payout ratio (DPR) is 121.08%.

About Chevron

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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