Private Harbour Investment Management & Counsel LLC Sells 197 Shares of Chevron Co. (NYSE:CVX)

Private Harbour Investment Management & Counsel LLC lessened its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,535 shares of the oil and gas company’s stock after selling 197 shares during the quarter. Chevron comprises 2.7% of Private Harbour Investment Management & Counsel LLC’s holdings, making the stock its 12th biggest position. Private Harbour Investment Management & Counsel LLC’s holdings in Chevron were worth $2,394,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Diligent Investors LLC raised its stake in shares of Chevron by 0.7% during the 2nd quarter. Diligent Investors LLC now owns 18,576 shares of the oil and gas company’s stock worth $2,689,000 after acquiring an additional 135 shares in the last quarter. Crestmont Private Wealth LLC bought a new position in shares of Chevron during the 2nd quarter worth approximately $617,000. Engrave Wealth Partners LLC raised its stake in shares of Chevron by 24.3% during the 2nd quarter. Engrave Wealth Partners LLC now owns 49,018 shares of the oil and gas company’s stock worth $7,097,000 after acquiring an additional 9,581 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new position in shares of Chevron during the 2nd quarter worth approximately $291,000. Finally, RDA Financial Network grew its position in Chevron by 4.3% during the 2nd quarter. RDA Financial Network now owns 4,208 shares of the oil and gas company’s stock worth $609,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 69.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CVX shares. Piper Sandler boosted their target price on shares of Chevron from $189.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, September 12th. Wells Fargo & Company boosted their target price on shares of Chevron from $181.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, August 1st. Bank of America boosted their target price on shares of Chevron from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Credit Suisse Group reissued an “outperform” rating and set a $202.00 target price on shares of Chevron in a research report on Thursday, August 11th. Finally, HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and dropped their target price for the stock from $183.00 to $167.00 in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.20.

Chevron Stock Performance

CVX opened at $154.89 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.11. The firm has a fifty day moving average price of $155.74 and a 200 day moving average price of $160.31. Chevron Co. has a 1 year low of $97.75 and a 1 year high of $182.40. The stock has a market cap of $304.33 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.60 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 19.73%. The firm’s revenue for the quarter was up 82.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. Equities research analysts anticipate that Chevron Co. will post 18.37 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Thursday, August 18th. Chevron’s dividend payout ratio is presently 37.89%.

Insiders Place Their Bets

In other Chevron news, EVP James William Johnson sold 85,300 shares of the company’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP James William Johnson sold 85,300 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $164.01, for a total value of $13,990,053.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wanda M. Austin sold 11,432 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the completion of the sale, the director now owns 3,560 shares of the company’s stock, valued at $574,762. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,732 shares of company stock worth $23,024,499. Company insiders own 0.32% of the company’s stock.

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.

Further Reading

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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.