CFM Wealth Partners LLC boosted its stake in Chevron Co. (NYSE: CVX – Get Rating) by 4.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,502 shares of the oil and gas company stock after buying an additional 622 shares during the quarter. CFM Wealth Partners LLC’s holdings in Chevron were worth $ 2,524,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Advocacy Wealth Management Services LLC boosted its position in Chevron by 30.7% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the oil and gas company stock valued at $ 48,000 after buying an additional 69 shares during the last quarter. Evanson Asset Management LLC boosted its position in Chevron by 0.4% in the 1st quarter. Evanson Asset Management LLC now owns 16,341 shares of the oil and gas company stock valued at $ 2,661,000 after buying an additional 70 shares during the last quarter. Red Spruce Capital LLC boosted its position in Chevron by 1.0% in the 1st quarter. Red Spruce Capital LLC now owns 7,213 shares of the oil and gas company stock valued at $ 1,174,000 after buying an additional 71 shares during the last quarter. Roble Belko & Company Inc boosted its position in Chevron by 26.6% in the 4th quarter. Roble Belko & Company Inc now owns 352 shares of the oil and gas company stock valued at $ 41,000 after buying an additional 74 shares during the last quarter. Finally, Altavista Wealth Management Inc. boosted its position in Chevron by 0.8% in the 4th quarter. Altavista Wealth Management Inc. now owns 9,265 shares of the oil and gas company stock valued at $ 1,087,000 after buying an additional 75 shares during the last quarter. 65.89% of the stock is currently owned by hedge funds and other institutional investors.
CVX stock opened at $ 147.57 on Tuesday. Chevron Co. has a 12-month low of $ 92.86 and a 12-month high of $ 182.40. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20. The company has a market cap of $ 289.95 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.63 and a beta of 1.09. The company has a 50 day moving average of $ 165.76 and a two-hundred day moving average of $ 150.47.
Chevron (NYSE: CVX – Get Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $ 3.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 3.44 by ($ 0.08). Chevron had a return on equity of 14.66% and a net margin of 11.10%. The company had revenue of $ 54.37 billion during the quarter, compared to analysts’ expectations of $ 54.96 billion. During the same quarter in the previous year, the company earned $ 0.90 EPS. The firm’s quarterly revenue was up 69.8% compared to the same quarter last year. On average, research analysts anticipate that Chevron Co. will post 17.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Thursday, May 19th were issued a dividend of $ 1.42 per share. The ex-dividend date was Wednesday, May 18th. This represents a $ 5.68 dividend on an annualized basis and a dividend yield of 3.85%. Chevron’s dividend payout ratio is currently 53.38%.
Several equities analysts have recently commented on the stock. Raymond James increased their price target on shares of Chevron from $ 173.00 to $ 191.00 and gave the stock an “outperform” rating in a research report on Monday, April 18th. JPMorgan Chase & Co. cut shares of Chevron from a “neutral” rating to an “underweight” rating and set a $ 169.00 price target on the stock. in a research report on Friday, March 11th. Wells Fargo & Company increased their price target on shares of Chevron from $ 150.00 to $ 184.00 and gave the stock an “overweight” rating in a research report on Friday, March 11th. StockNews.com assumed coverage on shares of Chevron in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Piper Sandler increased their price target on shares of Chevron from $ 150.00 to $ 173.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $ 169.57.
In related news, EVP Mark A. Nelson sold 117,400 shares of Chevron stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $ 159.47, for a total value of $ 18,721,778.00. Following the transaction, the executive vice president now owns 788 shares in the company, valued at approximately $ 125,662.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wanda M. Austin sold 12,039 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $ 177.29, for a total transaction of $ 2,134,394.31. Following the completion of the sale, the director now owns 3,543 shares in the company, valued at $ 628,138.47. The disclosure for this sale can be found here. Insiders have sold a total of 561,726 shares of company stock worth $ 94,057,396 in the last 90 days. 0.32% of the stock is owned by insiders.
About Chevron: (Get Rating)
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 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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