Chevron Co. (NYSE:CVX) Shares Bought by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lifted its stake in shares of Chevron Co. (NYSE:CVX) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,108 shares of the oil and gas company’s stock after purchasing an additional 849 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Chevron were worth $20,839,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CVX. Alps Advisors Inc. bought a new stake in shares of Chevron in the 3rd quarter worth approximately $347,000. Ramirez Asset Management Inc. bought a new stake in shares of Chevron during the 3rd quarter worth $78,000. Harbour Investments Inc. grew its holdings in shares of Chevron by 7.6% in the 3rd quarter. Harbour Investments Inc. now owns 18,354 shares of the oil and gas company’s stock worth $3,095,000 after acquiring an additional 1,289 shares during the last quarter. Cravens & Co Advisors LLC raised its position in shares of Chevron by 3.5% during the third quarter. Cravens & Co Advisors LLC now owns 9,597 shares of the oil and gas company’s stock worth $1,618,000 after purchasing an additional 321 shares during the period. Finally, VitalStone Financial LLC lifted its holdings in shares of Chevron by 5.8% during the third quarter. VitalStone Financial LLC now owns 1,432 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CVX. Barclays started coverage on Chevron in a report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price objective on the stock. UBS Group lifted their price objective on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Piper Sandler increased their target price on Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Raymond James lifted their price target on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Finally, Truist Financial increased their price objective on Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.95.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the sale, the vice president now directly owns 477 shares of the company’s stock, valued at approximately $76,429.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the sale, the vice president now owns 477 shares in the company, valued at approximately $76,429.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of Chevron stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $165.24, for a total value of $421,196.76. Following the sale, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,746 shares of company stock valued at $2,727,971. 0.20% of the stock is owned by company insiders.

Chevron Stock Performance

CVX stock traded down $2.40 during midday trading on Friday, hitting $154.31. 6,183,056 shares of the company traded hands, compared to its average volume of 6,945,543. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $171.70. The stock has a market capitalization of $284.39 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 2.38 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 business has a 50 day simple moving average of $158.45 and a 200-day simple moving average of $154.93.

Chevron (NYSE:CVX) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 10.21% and a return on equity of 14.40%. Chevron’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $3.55 EPS. As a group, equities research analysts predict that Chevron Co. will post 13.15 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a $1.63 dividend. The ex-dividend date was Thursday, May 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.23%. Chevron’s payout ratio is 59.98%.

Chevron 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.