Golub Group LLC increased its stake in Chevron Co. (NYSE:CVX) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,487 shares of the oil and gas company’s stock after acquiring an additional 1,231 shares during the quarter. Golub Group LLC’s holdings in Chevron were worth $2,548,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CVX. Pacific Sun Financial Corp lifted its stake in Chevron by 0.9% in the third quarter. Pacific Sun Financial Corp now owns 13,462 shares of the oil and gas company’s stock valued at $1,597,000 after buying an additional 117 shares during the period. Community Bank of Raymore lifted its stake in Chevron by 12.7% in the third quarter. Community Bank of Raymore now owns 3,062 shares of the oil and gas company’s stock valued at $363,000 after buying an additional 345 shares during the period. Gilbert & Cook Inc. lifted its stake in Chevron by 11.1% in the third quarter. Gilbert & Cook Inc. now owns 3,049 shares of the oil and gas company’s stock valued at $362,000 after buying an additional 304 shares during the period. Parkside Financial Bank & Trust lifted its stake in Chevron by 26.1% in the third quarter. Parkside Financial Bank & Trust now owns 10,068 shares of the oil and gas company’s stock valued at $1,194,000 after buying an additional 2,086 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Chevron by 1.5% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 41,424 shares of the oil and gas company’s stock valued at $4,913,000 after buying an additional 617 shares during the period. 65.68% of the stock is currently owned by institutional investors.
In related news, CEO Michael K. Wirth sold 33,750 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $125.00, for a total transaction of $4,218,750.00. Following the completion of the sale, the chief executive officer now owns 33,750 shares in the company, valued at $4,218,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph C. Geagea sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $122.50, for a total value of $980,000.00. Following the sale, the insider now owns 9,243 shares of the company’s stock, valued at approximately $1,132,267.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,750 shares of company stock valued at $11,216,850. Corporate insiders own 0.31% of the company’s stock.
Several equities analysts have issued reports on CVX shares. BMO Capital Markets started coverage on Chevron in a research note on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 price target on the stock. Cowen dropped their price target on Chevron from $140.00 to $134.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on Chevron from $142.00 to $139.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Independent Research set a $127.00 price target on Chevron and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Barclays started coverage on Chevron in a research note on Monday, August 19th. They issued an “overweight” rating and a $145.00 price target on the stock. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Chevron currently has a consensus rating of “Buy” and a consensus price target of $135.88.
Shares of NYSE CVX traded down $0.96 during midday trading on Friday, hitting $120.93. 4,176,056 shares of the stock traded hands, compared to its average volume of 6,442,372. The company has a market cap of $231.49 billion, a PE ratio of 14.66, a P/E/G ratio of 3.25 and a beta of 0.99. Chevron Co. has a one year low of $100.22 and a one year high of $127.34. The business has a 50 day moving average price of $117.65 and a two-hundred day moving average price of $119.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 1.15.
Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.11). The firm had revenue of $36.12 billion for the quarter, compared to the consensus estimate of $37.69 billion. Chevron had a net margin of 8.70% and a return on equity of 8.89%. The company’s revenue was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.11 EPS. As a group, equities research analysts forecast that Chevron Co. will post 6.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.76 annualized dividend and a dividend yield of 3.94%. Chevron’s dividend payout ratio is 57.70%.
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.
Read More: 52-Week High/Low Prices For Stock Selection
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.