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RVW Wealth LLC Boosts Stake in Chevron Co. (NYSE:CVX)

RVW Wealth LLC Boosts Stake in Chevron Co. (NYSE:CVX) #RVW #Wealth #LLC #Boosts #Stake #Chevron #NYSECVX Welcome to Americanah Blog, here is the new story we have for you today:

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RVW Wealth LLC boosted its stake in Chevron Co. (NYSE:CVXGet Rating) by 2.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,404 shares of the oil and gas company’s stock after buying an additional 126 shares during the quarter. RVW Wealth LLC’s holdings in Chevron were worth $638,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarity Financial LLC increased its position in shares of Chevron by 2.2% during the first quarter. Clarity Financial LLC now owns 2,790 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 61 shares in the last quarter. SYM FINANCIAL Corp boosted its holdings in Chevron by 3.4% during the first quarter. SYM FINANCIAL Corp now owns 1,895 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 62 shares during the last quarter. LCM Capital Management Inc boosted its holdings in Chevron by 0.9% during the first quarter. LCM Capital Management Inc now owns 7,306 shares of the oil and gas company’s stock worth $1,190,000 after purchasing an additional 63 shares during the last quarter. Matrix Private Capital Group LLC boosted its holdings in Chevron by 0.3% during the first quarter. Matrix Private Capital Group LLC now owns 20,229 shares of the oil and gas company’s stock worth $3,294,000 after purchasing an additional 64 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its holdings in Chevron by 1.1% during the first quarter. John G Ullman & Associates Inc. now owns 6,002 shares of the oil and gas company’s stock worth $977,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 69.30% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron 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 value of $13,990,053.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Pierre R. Breber sold 22,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $158.11, for a total value of $3,557,475.00. Following the sale, the chief financial officer now directly owns 7 shares in the company, valued at approximately $1,106.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James William Johnson sold 85,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $164.01, for a total transaction of $13,990,053.00. The disclosure for this sale can be found here. Insiders have sold a total of 141,732 shares of company stock valued at $23,024,499 in the last ninety days. 0.32% of the stock is currently owned by company insiders.

Chevron Price Performance

NYSE:CVX opened at $155.01 on Thursday. Chevron Co. has a 52 week low of $96.24 and a 52 week high of $182.40. The firm has a market cap of $304.57 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.61 and a beta of 1.15. The firm’s 50-day simple moving average is $155.36 and its 200 day simple moving average is $160.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.31.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings results 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 19.73%. 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 firm earned $1.71 earnings per share. Chevron’s revenue for the quarter was up 82.9% compared to the same quarter last year. As a group, sell-side analysts predict that Chevron Co. will post 18.37 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, August 18th. Chevron’s dividend payout ratio is currently 37.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CVX shares. Wells Fargo & Company increased their target price on shares of Chevron from $181.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, August 1st. Citigroup reduced their target price on shares of Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. The Goldman Sachs Group restated a “neutral” rating and set a $172.00 target price on shares of Chevron in a report on Thursday, August 4th. Cowen increased their price target on shares of Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Finally, Societe Generale upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.20.

About Chevron

(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.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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