JFS Wealth Advisors LLC Has $1.45 Million Holdings in Chevron Co. (NYSE:CVX)

JFS Wealth Advisors LLC grew its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 1.8% during the first quarter, HoldingsChannel.com reports. The firm owned 8,891 shares of the oil and gas company’s stock after acquiring an additional 156 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Chevron were worth $1,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CVX. Verdence Capital Advisors LLC lifted its holdings in shares of 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 worth $12,789,000 after acquiring an additional 3,681 shares during the period. Mengis Capital Management Inc. lifted its holdings in shares of Chevron by 3.0% during the 1st quarter. Mengis Capital Management Inc. now owns 74,454 shares of the oil and gas company’s stock worth $12,123,000 after acquiring an additional 2,162 shares during the period. National Asset Management Inc. lifted its holdings in shares of Chevron by 10.4% during the 1st quarter. National Asset Management Inc. now owns 57,835 shares of the oil and gas company’s stock worth $9,421,000 after acquiring an additional 5,425 shares during the period. Gilbert & Cook Inc. lifted its holdings in shares of Chevron by 8.2% during the 1st quarter. Gilbert & Cook Inc. now owns 7,825 shares of the oil and gas company’s stock worth $1,274,000 after acquiring an additional 593 shares during the period. Finally, SPC Financial Inc. lifted its holdings in shares of Chevron by 8.3% during the 1st quarter. SPC Financial Inc. now owns 18,411 shares of the oil and gas company’s stock worth $2,998,000 after acquiring an additional 1,407 shares during the period. Institutional investors and hedge funds own 65.89% of the company’s stock.

Chevron Price Performance

CVX stock opened at $144.19 on Monday. The company has a fifty day moving average price of $158.07 and a 200-day moving average price of $153.88. The company has a market capitalization of $283.31 billion, a P/E ratio of 13.55, a PEG ratio of 0.60 and a beta of 1.14. 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.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($0.08). Chevron had a return on equity of 14.66% and a net margin of 11.10%. The firm had revenue of $54.37 billion for the quarter, compared to analyst estimates of $54.96 billion. During the same quarter last year, the company earned $0.90 earnings per share. The company’s quarterly revenue was up 69.8% compared to the same quarter last year. As a group, equities analysts expect that Chevron Co. will post 18.08 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Thursday, May 19th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Wednesday, May 18th. Chevron’s dividend payout ratio (DPR) is presently 53.38%.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price target on shares of Chevron from $181.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, June 22nd. Citigroup cut their price target 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. UBS Group increased their price objective on shares of Chevron from $150.00 to $192.00 and gave the company a “buy” rating in a research note on Tuesday, April 5th. Cowen dropped their price objective on shares of Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, July 1st. Finally, Cowen dropped their price objective on shares of Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $172.35.

Insider Transactions at Chevron

In other news, EVP Mark A. Nelson sold 117,400 shares of the 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 directly owns 788 shares in the company, valued at $125,662.36. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Chevron news, VP Eimear P. Bonner sold 478 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $169.21, for a total value of $80,882.38. Following the completion of the sale, the vice president now directly owns 358 shares in the company, valued at $60,577.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark A. Nelson sold 117,400 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was 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 $125,662.36. The disclosure for this sale can be found here. Insiders sold a total of 561,726 shares of company stock worth $94,057,396 over the last three months. 0.32% of the stock is owned by company insiders.

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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