SAM Advisors LLC acquired a new position in Chevron Co. (NYSE: CVX – Get Rating) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 5,924 shares of the oil and gas company stock, valued at approximately $ 965,000. Chevron makes up 0.4% of SAM Advisors LLC’s investment portfolio, making the stock its 24th biggest position.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Joseph Group Capital Management bought a new position in shares of Chevron in the fourth quarter worth about $ 1,105,000. Avondale Wealth Management bought a new position in shares of Chevron in the fourth quarter worth about $ 26,000. Rational Advisors LLC raised its stake in shares of Chevron by 116.3% in the fourth quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company stock worth $ 26,000 after buying an additional 121 shares during the period. Curi Wealth Management LLC bought a new position in shares of Chevron in the fourth quarter worth about $ 30,000. Finally, Advocacy Wealth Management Services LLC raised its stake in Chevron by 30.7% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the oil and gas company stock valued at $ 48,000 after purchasing an additional 69 shares during the period. 65.89% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP James William Johnson sold 55,600 shares of the company stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $ 165.94, for a total transaction of $ 9,226,264.00. Following the transaction, the executive vice president now directly owns 1,243 shares of the company stock, valued at approximately $ 206,263.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wanda M. Austin sold 12,039 shares of the company stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $ 177.29, for a total value of $ 2,134,394.31. Following the transaction, the director now directly owns 3,543 shares in the company, valued at $ 628,138.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 561,726 shares of company stock valued at $ 94,057,396. Corporate insiders own 0.32% of the company stock.
Several analysts recently issued reports on CVX shares. Piper Sandler lifted their target price on Chevron from $ 150.00 to $ 173.00 and gave the company an “overweight” rating in a research note on Wednesday, March 2nd. StockNews.com started coverage on Chevron in a research note on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. downgraded Chevron from a “neutral” rating to an “underweight” rating and set a $ 169.00 target price on the stock. in a research note on Friday, March 11th. UBS Group lifted their target price on Chevron from $ 150.00 to $ 192.00 and gave the company a “buy” rating in a research note on Tuesday, April 5th. Finally, Cowen lifted their target price on Chevron from $ 165.00 to $ 179.00 and gave the company an “outperform” rating in a research note on Tuesday, June 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $ 170.48.
Shares of NYSE CVX opened at $ 148.38 on Friday. 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 business has a fifty day simple moving average of $ 168.52 and a two-hundred day simple moving average of $ 148.95. The firm has a market cap of $ 291.54 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.65 and a beta of 1.09. Chevron Co. has a twelve month low of $ 92.86 and a twelve month high of $ 182.40.
Chevron (NYSE: CVX – Get Rating) last issued its earnings results on Friday, April 29th. The oil and gas company reported $ 3.36 earnings per share for the quarter, missing analysts’ consensus estimates of $ 3.44 by ($ 0.08). The firm had revenue of $ 54.37 billion for the quarter, compared to the estimate consensus of $ 54.96 billion. Chevron had a net margin of 11.10% and a return on equity of 14.66%. The company revenue for the quarter was up 69.8% on a year-over-year basis. During the same period last year, the firm earned $ 0.90 earnings per share. On average, research analysts expect that Chevron Co. will post 17.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Thursday, May 19th were given a $ 1.42 dividend. This represents a $ 5.68 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Wednesday, May 18th. Chevron’s payout ratio is 53.38%.
Chevron 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.
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