Evanson Asset Management LLC increased its holdings in shares of Chevron Co. (NYSE: CVX – Get Rating) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,341 shares of the oil and gas company stock after acquiring an additional 70 shares during the quarter. Evanson Asset Management LLC’s holdings in Chevron were worth $ 2,661,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Advocacy Wealth Management Services LLC increased its position in shares of Chevron by 30.7% in the first quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the oil and gas company stock worth $ 48,000 after purchasing an additional 69 shares during the last quarter. Red Spruce Capital LLC increased its position in shares of Chevron by 1.0% in the first quarter. Red Spruce Capital LLC now owns 7,213 shares of the oil and gas company stock worth $ 1,174,000 after purchasing an additional 71 shares during the last quarter. Roble Belko & Company Inc increased its position in shares of Chevron by 26.6% in the fourth quarter. Roble Belko & Company Inc now owns 352 shares of the oil and gas company stock worth $ 41,000 after purchasing an additional 74 shares during the last quarter. Altavista Wealth Management Inc. increased its position in shares of Chevron by 0.8% in the fourth quarter. Altavista Wealth Management Inc. now owns 9,265 shares of the oil and gas company stock worth $ 1,087,000 after purchasing an additional 75 shares during the last quarter. Finally, Aberdeen Wealth Management LLC increased its position in shares of Chevron by 1.2% in the fourth quarter. Aberdeen Wealth Management LLC now owns 6,479 shares of the oil and gas company stock worth $ 760,000 after purchasing an additional 75 shares during the last quarter. 65.89% of the stock is currently owned by institutional investors and hedge funds.
In other Chevron news, VP Eimear P. Bonner sold 68,032 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $ 165.00, for a total value of $ 11,225,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wanda M. Austin sold 12,039 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $ 177.29, for a total value of $ 2,134,394.31. Following the completion of the transaction, the director now owns 3,543 shares of the company stock, valued at approximately $ 628,138.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 561,726 shares of company stock valued at $ 94,057,396. 0.32% of the stock is owned by corporate insiders.
Shares of CVX stock opened at $ 147.87 on Thursday. The stock has a fifty day moving average of $ 167.41 and a 200 day moving average of $ 149.45. Chevron Co. has a 52 week low of $ 92.86 and a 52 week high of $ 182.40. The firm has a market capitalization of $ 290.54 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.65 and a beta of 1.09. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20.
Chevron (NYSE: CVX – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $ 3.36 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 business had revenue of $ 54.37 billion during the quarter, compared to analysts’ expectations of $ 54.96 billion. During the same period in the previous year, the business earned $ 0.90 EPS. The business’s revenue was up 69.8% compared to the same quarter last year. Equities research analysts anticipate that Chevron Co. will post 17.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 19th were paid a $ 1.42 dividend. This represents a $ 5.68 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, May 18th. Chevron’s payout ratio is 53.38%.
Several research analysts recently weighed in on the stock. Cowen upped their price objective on shares of Chevron from $ 165.00 to $ 179.00 in a research report on Tuesday, June 7th. StockNews.com began coverage on Chevron in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Societe Generale lowered Chevron from a “buy” rating to a “hold” rating and set a $ 175.00 target price for the company. in a research note on Friday, May 20th. JPMorgan Chase & Co. lowered Chevron from a “neutral” rating to an “underweight” rating and set a $ 169.00 target price for the company. in a research note on Friday, March 11th. Finally, Morgan Stanley cut their target price on Chevron from $ 188.00 to $ 185.00 and set an “equal weight” rating for the company in a research note on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $ 169.57.
Chevron Company Profile: (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.
Read More:
Receive News & Ratings for Chevron Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chevron and related companies with MarketBeat.com’s FREE daily email newsletter.
.