Chevron Co. (NYSE:CVX) Shares Acquired by Financial Counselors Inc.

Financial Counselors Inc. boosted its stake in shares of Chevron Co. (NYSE:CVX) by 8.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,983 shares of the oil and gas company’s stock after purchasing an additional 24,239 shares during the quarter. Financial Counselors Inc.’s holdings in Chevron were worth $48,266,000 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 the stock. Alps Advisors Inc. bought a new position in shares of Chevron in the third quarter valued at approximately $347,000. Kampmann Melissa S. acquired a new position in shares of Chevron in the 3rd quarter worth approximately $2,798,000. Rooted Wealth Advisors Inc. lifted its stake in Chevron by 13.9% during the third quarter. Rooted Wealth Advisors Inc. now owns 1,987 shares of the oil and gas company’s stock valued at $335,000 after purchasing an additional 243 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Chevron during the third quarter worth approximately $3,127,000. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Chevron during the third quarter worth approximately $293,000. 72.42% of the stock is currently owned by institutional investors.

Insider Activity at Chevron

In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $161.00, for a total transaction of $410,389.00. Following the completion of the transaction, the director now directly owns 7,647 shares in the company, valued at approximately $1,231,167. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total transaction of $410,389.00. Following the sale, the director now directly owns 7,647 shares in the company, valued at $1,231,167. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $163.50, for a total value of $833,523.00. Following the completion of the sale, the director now owns 2,549 shares in the company, valued at $416,761.50. The disclosure for this sale can be found here. Insiders have sold 16,746 shares of company stock worth $2,727,971 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Chevron Trading Down 0.3 %

NYSE:CVX traded down $0.42 during trading hours on Tuesday, hitting $153.91. 3,086,928 shares of the stock were exchanged, compared to its average volume of 7,943,533. The company has a market capitalization of $283.65 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $158.21 and its two-hundred day moving average is $155.01. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $171.70.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.09. The business had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.55 earnings per share. On average, sell-side analysts anticipate that Chevron Co. will post 13.18 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, May 16th. Chevron’s dividend payout ratio (DPR) is 59.98%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Truist Financial increased their price target on Chevron from $156.00 to $166.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Raymond James boosted their price target on shares of Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, April 15th. TD Cowen upped their price target on shares of Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, April 29th. HSBC lifted their price objective on shares of Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $170.00 to $195.00 in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target of $186.95.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. 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 of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.