Chevron Co. (NYSE:CVX) Holdings Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its holdings in Chevron Co. (NYSE:CVXGet Rating) by 60.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,519,860 shares of the oil and gas company’s stock after acquiring an additional 573,006 shares during the period. Chevron comprises about 1.0% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Los Angeles Capital Management LLC owned about 0.08% of Chevron worth $247,479,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Your Advocates Ltd. LLP bought a new stake in shares of Chevron during the first quarter valued at approximately $25,000. Rational Advisors LLC raised its holdings in shares of Chevron by 116.3% during the fourth quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 121 shares during the last quarter. Curi Wealth Management LLC bought a new stake in shares of Chevron during the fourth quarter valued at approximately $30,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Chevron during the first quarter valued at approximately $30,000. Finally, Landmark Wealth Management LLC bought a new stake in shares of Chevron during the first quarter valued at approximately $34,000. Institutional investors own 65.89% of the company’s stock.

Chevron Trading Up 1.7 %

Chevron stock opened at $153.64 on Friday. The company has a 50 day moving average price of $154.37 and a 200 day moving average price of $155.35. Chevron Co. has a 52 week low of $92.86 and a 52 week high of $182.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.43. The firm has a market capitalization of $301.87 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 0.61 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 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. Chevron had a net margin of 13.45% and a return on equity of 20.19%. The firm had revenue of $68.76 billion during the quarter, compared to analyst estimates of $57.69 billion. During the same quarter last year, the business posted $1.71 EPS. The company’s revenue was up 82.9% on a year-over-year basis. Research analysts forecast that Chevron Co. will post 17.51 EPS for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 19th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Thursday, August 18th. Chevron’s dividend payout ratio (DPR) is currently 37.89%.

Insider Buying and Selling at Chevron

In other Chevron news, EVP Mark A. Nelson sold 117,400 shares of Chevron stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the completion of the sale, the executive vice president now owns 788 shares of the company’s stock, valued at approximately $125,662.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chevron news, EVP Mark A. Nelson sold 117,400 shares of Chevron stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the completion of the sale, the executive vice president now owns 788 shares of the company’s stock, valued at approximately $125,662.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wanda M. Austin sold 12,039 shares of Chevron stock in a transaction on Friday, May 27th. The shares were sold at an average price of $177.29, for a total transaction of $2,134,394.31. Following the completion of the sale, the director now directly owns 3,543 shares of the company’s stock, valued at approximately $628,138.47. The disclosure for this sale can be found here. Insiders sold 399,043 shares of company stock valued at $67,010,843 in the last quarter. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Credit Suisse Group raised their price objective on shares of Chevron from $190.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, June 9th. Wells Fargo & Company raised their price objective on shares of Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Cowen lowered their price objective on shares of Chevron from $179.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, July 1st. Cowen lowered their price objective on shares of Chevron from $179.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, July 1st. Finally, Piper Sandler lowered their price objective on shares of Chevron from $213.00 to $189.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Chevron Company Profile

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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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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