Flagship Harbor Advisors LLC Has $3.26 Million Holdings in Chevron Co. (NYSE:CVX)

Flagship Harbor Advisors LLC lifted its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 3.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,528 shares of the oil and gas company’s stock after purchasing an additional 688 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Chevron were worth $3,262,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Monterey Private Wealth Inc. increased its position in shares of Chevron by 2.9% during the second quarter. Monterey Private Wealth Inc. now owns 6,021 shares of the oil and gas company’s stock worth $872,000 after buying an additional 172 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Chevron by 5.0% during the second quarter. Gateway Investment Advisers LLC now owns 618,685 shares of the oil and gas company’s stock worth $89,573,000 after buying an additional 29,606 shares during the period. Lee Johnson Capital Management LLC increased its position in shares of Chevron by 2.9% during the second quarter. Lee Johnson Capital Management LLC now owns 14,429 shares of the oil and gas company’s stock worth $2,089,000 after buying an additional 405 shares during the period. Johnson Bixby & Associates LLC increased its position in shares of Chevron by 37.6% during the second quarter. Johnson Bixby & Associates LLC now owns 2,205 shares of the oil and gas company’s stock worth $319,000 after buying an additional 602 shares during the period. Finally, Castle Rock Wealth Management LLC increased its position in shares of Chevron by 83.5% during the second quarter. Castle Rock Wealth Management LLC now owns 89,353 shares of the oil and gas company’s stock worth $12,824,000 after buying an additional 40,670 shares during the period. 69.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CVX. Wells Fargo & Company raised their price target on shares of Chevron from $181.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, August 1st. Bank of America raised their price target on shares of Chevron from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Societe Generale upgraded shares of Chevron from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Cowen raised their price target on shares of Chevron from $119.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. Finally, Cowen raised their price target on shares of Chevron from $119.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $169.20.

Chevron Stock Down 0.1 %

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 company’s 50-day moving average is $155.74 and its 200 day moving average is $160.31. Chevron Co. has a fifty-two week low of $97.75 and a fifty-two week high of $182.40. The firm has a market capitalization of $304.33 billion, a P/E ratio of 10.33, a PEG ratio of 0.60 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $1.16. Chevron had a net margin of 13.45% and a return on equity of 19.73%. The company had revenue of $68.76 billion for the quarter, compared to analyst estimates of $57.69 billion. During the same period last year, the firm earned $1.71 earnings per share. The firm’s revenue was up 82.9% on a year-over-year basis. Research analysts expect that Chevron Co. will post 18.37 earnings per share for the current fiscal year.

Chevron Announces Dividend

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

Insider Buying and Selling

In related news, EVP James William Johnson sold 85,300 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP James William Johnson sold 85,300 shares of Chevron 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Pierre R. Breber sold 22,500 shares of Chevron stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $161.39, for a total transaction of $3,631,275.00. Following the completion of the transaction, the chief financial officer now owns 7 shares of the company’s stock, valued at approximately $1,129.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,732 shares of company stock worth $23,024,499. Insiders own 0.32% of the company’s stock.

Chevron 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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