Chevron Co. (CVX) Shares Bought by CapWealth Advisors LLC

CapWealth Advisors LLC raised its position in Chevron Co. (NYSE:CVX) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,505 shares of the oil and gas company’s stock after purchasing an additional 969 shares during the quarter. CapWealth Advisors LLC’s holdings in Chevron were worth $6,765,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Morgan Stanley raised its position in Chevron by 3.8% in the second quarter. Morgan Stanley now owns 16,986,164 shares of the oil and gas company’s stock valued at $2,147,560,000 after purchasing an additional 626,514 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Chevron by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 13,217,173 shares of the oil and gas company’s stock valued at $1,671,000,000 after purchasing an additional 190,647 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Chevron by 2.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,933,341 shares of the oil and gas company’s stock valued at $1,129,443,000 after purchasing an additional 204,547 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Chevron by 0.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,624,550 shares of the oil and gas company’s stock valued at $869,505,000 after purchasing an additional 31,022 shares during the last quarter. Finally, Standard Life Aberdeen plc raised its position in Chevron by 78.9% in the second quarter. Standard Life Aberdeen plc now owns 6,790,689 shares of the oil and gas company’s stock valued at $858,547,000 after purchasing an additional 2,994,612 shares during the last quarter. Hedge funds and other institutional investors own 64.67% of the company’s stock.

In related news, EVP James William Johnson sold 4,750 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $120.92, for a total transaction of $574,370.00. Following the completion of the sale, the executive vice president now owns 4,750 shares of the company’s stock, valued at $574,370. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 23,750 shares of company stock valued at $2,821,833 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Several equities analysts have commented on CVX shares. Bank of America downgraded Chevron from a “buy” rating to a “neutral” rating and dropped their target price for the company from $150.00 to $135.00 in a research report on Thursday, September 6th. Berenberg Bank started coverage on Chevron in a research report on Tuesday, September 11th. They issued a “hold” rating and a $135.00 target price for the company. HSBC upgraded Chevron from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Royal Bank of Canada set a $150.00 price objective on Chevron and gave the stock a “hold” rating in a research report on Thursday, September 20th. Finally, Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Monday, October 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $139.13.

Shares of CVX opened at $115.49 on Friday. Chevron Co. has a 1 year low of $107.54 and a 1 year high of $133.88. The stock has a market cap of $224.02 billion, a PE ratio of 31.21, a P/E/G ratio of 2.03 and a beta of 1.13. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 2nd. The oil and gas company reported $2.11 EPS for the quarter, topping the consensus estimate of $2.06 by $0.05. Chevron had a return on equity of 8.19% and a net margin of 8.79%. The business had revenue of $43.99 billion during the quarter, compared to analysts’ expectations of $47.17 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. On average, research analysts anticipate that Chevron Co. will post 8.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.48 annualized dividend and a yield of 3.88%. Chevron’s dividend payout ratio is currently 121.08%.

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Chevron Company Profile

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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