Cwm LLC Increases Stock Position in Chevron Corporation $CVX

Cwm LLC increased its position in shares of Chevron Corporation (NYSE:CVX) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,287 shares of the oil and gas company’s stock after buying an additional 57,683 shares during the period. Cwm LLC’s holdings in Chevron were worth $55,173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CVX. Wealth Preservation Advisors LLC purchased a new stake in Chevron during the 1st quarter worth approximately $82,000. Truvestments Capital LLC grew its position in shares of Chevron by 106.6% during the first quarter. Truvestments Capital LLC now owns 2,173 shares of the oil and gas company’s stock worth $364,000 after buying an additional 1,121 shares in the last quarter. Northstar Financial Companies Inc. increased its stake in shares of Chevron by 12.5% in the first quarter. Northstar Financial Companies Inc. now owns 10,540 shares of the oil and gas company’s stock worth $1,763,000 after buying an additional 1,168 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Chevron by 13.4% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 5,516 shares of the oil and gas company’s stock worth $923,000 after buying an additional 651 shares during the last quarter. Finally, TD Capital Management LLC raised its holdings in Chevron by 12.2% in the first quarter. TD Capital Management LLC now owns 1,070 shares of the oil and gas company’s stock valued at $179,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity

In other news, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the transaction, the director owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

Chevron Stock Performance

Shares of CVX stock opened at $150.50 on Friday. The company has a market cap of $303.03 billion, a P/E ratio of 21.17, a PEG ratio of 9.03 and a beta of 0.68. The business has a 50 day moving average of $152.18 and a two-hundred day moving average of $152.70. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. During the same period in the prior year, the firm earned $2.48 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Analyst Ratings Changes

CVX has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, October 8th. UBS Group reiterated a “buy” rating on shares of Chevron in a research note on Monday, December 1st. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday. HSBC set a $169.00 target price on Chevron and gave the stock a “buy” rating in a report on Monday, December 1st. Finally, Morgan Stanley lifted their target price on Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Chevron has a consensus rating of “Hold” and an average target price of $166.00.

Chevron Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.