RVW Wealth LLC Has $638,000 Stake in Chevron Co. (NYSE:CVX)

RVW Wealth LLC increased its stake in Chevron Co. (NYSE:CVXGet Rating) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,404 shares of the oil and gas company’s stock after purchasing an additional 126 shares during the quarter. RVW Wealth LLC’s holdings in Chevron were worth $638,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Your Advocates Ltd. LLP bought a new stake in shares of Chevron in the 1st quarter valued at $25,000. Cordant Inc. bought a new stake in Chevron during the 1st quarter valued at $29,000. Joseph P. Lucia & Associates LLC bought a new stake in Chevron during the 1st quarter valued at $30,000. Orion Capital Management LLC increased its stake in Chevron by 85.0% during the 1st quarter. Orion Capital Management LLC now owns 222 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 102 shares in the last quarter. Finally, Worth Asset Management LLC bought a new stake in Chevron during the 1st quarter valued at $36,000. Institutional investors own 69.30% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, EVP James William Johnson sold 85,300 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $164.01, for a total transaction of $13,990,053.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chevron news, CFO Pierre R. Breber sold 22,500 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $158.11, for a total transaction of $3,557,475.00. Following the sale, the chief financial officer now directly owns 7 shares of the company’s stock, valued at $1,106.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James William Johnson sold 85,300 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $164.01, for a total transaction of $13,990,053.00. The disclosure for this sale can be found here. Insiders have sold a total of 141,732 shares of company stock valued at $23,024,499 over the last three months. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

CVX has been the subject of a number of recent research reports. Credit Suisse Group restated an “outperform” rating and set a $202.00 price target on shares of Chevron in a research note on Thursday, August 11th. Citigroup decreased their price target on shares of Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 13th. Cowen boosted their price target on shares of Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Barclays lifted their price objective on shares of Chevron from $183.00 to $196.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $172.00 price objective on shares of Chevron in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $169.20.

Chevron Price Performance

Shares of NYSE:CVX opened at $155.01 on Thursday. The company’s 50-day moving average is $155.36 and its 200 day moving average is $160.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.31. The company has a market capitalization of $304.57 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. Chevron Co. has a fifty-two week low of $96.24 and a fifty-two week high of $182.40.

Chevron (NYSE:CVXGet Rating) last issued its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. The company had revenue of $68.76 billion for the quarter, compared to the consensus estimate of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 19.73%. The firm’s quarterly revenue was up 82.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. On average, equities research analysts forecast that Chevron Co. will post 18.37 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, August 18th. Chevron’s dividend payout ratio (DPR) is presently 37.89%.

About Chevron

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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.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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