Richard C. Young & CO. LTD. Buys 678 Shares of Chevron Co. (NYSE:CVX)

Richard C. Young & CO. LTD. lifted its stake in shares of Chevron Co. (NYSE:CVXGet Rating) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,967 shares of the oil and gas company’s stock after acquiring an additional 678 shares during the quarter. Chevron comprises approximately 1.8% of Richard C. Young & CO. LTD.’s holdings, making the stock its 19th largest position. Richard C. Young & CO. LTD.’s holdings in Chevron were worth $14,324,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Secure Asset Management LLC boosted its stake in Chevron by 15.7% during the 1st quarter. Secure Asset Management LLC now owns 4,382 shares of the oil and gas company’s stock valued at $713,000 after purchasing an additional 593 shares during the period. Guinness Atkinson Asset Management Inc boosted its stake in Chevron by 26.4% during the 1st quarter. Guinness Atkinson Asset Management Inc now owns 6,346 shares of the oil and gas company’s stock valued at $1,033,000 after purchasing an additional 1,326 shares during the period. ACT Wealth Management LLC boosted its stake in Chevron by 3.0% during the 1st quarter. ACT Wealth Management LLC now owns 4,781 shares of the oil and gas company’s stock valued at $778,000 after purchasing an additional 140 shares during the period. Verdence Capital Advisors LLC boosted its stake in Chevron by 4.9% during the 1st quarter. Verdence Capital Advisors LLC now owns 78,544 shares of the oil and gas company’s stock valued at $12,789,000 after purchasing an additional 3,681 shares during the period. Finally, Smithbridge Asset Management Inc. DE boosted its stake in Chevron by 2.4% during the 1st quarter. Smithbridge Asset Management Inc. DE now owns 12,278 shares of the oil and gas company’s stock valued at $1,999,000 after purchasing an additional 290 shares during the period. Institutional investors own 65.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CVX. Bank of America increased their target price on Chevron from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Cowen cut their price target on Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, July 1st. Morgan Stanley upped their price target on Chevron from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, July 19th. Barclays upped their price target on Chevron from $183.00 to $196.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Finally, Societe Generale raised Chevron from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average target price of $173.00.

Chevron Stock Up 1.7 %

NYSE CVX opened at $153.64 on Friday. The firm has a market cap of $301.87 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.43 and a quick ratio of 1.22. The stock’s 50 day simple moving average is $154.37 and its 200 day simple moving average is $155.35. Chevron Co. has a one year low of $92.86 and a one year high of $182.40.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $1.16. Chevron had a return on equity of 20.19% and a net margin of 13.45%. The business had revenue of $68.76 billion for the quarter, compared to analyst estimates of $57.69 billion. During the same period last year, the company earned $1.71 EPS. The firm’s revenue was up 82.9% on a year-over-year basis. As a group, sell-side analysts forecast that Chevron Co. will post 17.51 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 19th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Thursday, August 18th. Chevron’s dividend payout ratio is 37.89%.

Insider Buying and Selling at Chevron

In related news, Director Wanda M. Austin sold 12,039 shares of Chevron stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $177.29, for a total value of $2,134,394.31. Following the sale, the director now owns 3,543 shares of the company’s stock, valued at $628,138.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider David A. Inchausti sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $164.85, for a total transaction of $923,160.00. The sale was disclosed in a legal filing 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 that occurred 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 owns 3,543 shares of the company’s stock, valued at $628,138.47. The disclosure for this sale can be found here. Insiders have sold 399,043 shares of company stock valued at $67,010,843 in the last 90 days. 0.32% of the stock is currently owned by company insiders.

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

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVXGet Rating).

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.