Vantage Financial Partners Ltd. Inc. Purchases 400 Shares of Chevron Co. (NYSE:CVX)

Vantage Financial Partners Ltd. Inc. boosted its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 4.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,500 shares of the oil and gas company’s stock after purchasing an additional 400 shares during the quarter. Chevron comprises 0.7% of Vantage Financial Partners Ltd. Inc.’s holdings, making the stock its 28th biggest position. Vantage Financial Partners Ltd. Inc.’s holdings in Chevron were worth $1,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVX. Berger Financial Group Inc bought a new stake in Chevron during the 4th quarter worth about $264,000. Brown Advisory Inc. grew its position in shares of Chevron by 2.9% during the 4th quarter. Brown Advisory Inc. now owns 180,444 shares of the oil and gas company’s stock worth $21,175,000 after buying an additional 5,150 shares during the period. Exchange Capital Management Inc. grew its position in shares of Chevron by 7.7% during the 4th quarter. Exchange Capital Management Inc. now owns 4,651 shares of the oil and gas company’s stock worth $546,000 after buying an additional 332 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management grew its position in shares of Chevron by 65.0% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,913 shares of the oil and gas company’s stock worth $576,000 after buying an additional 1,935 shares during the period. Finally, Signet Investment Advisory Group Inc. grew its position in shares of Chevron by 3.4% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 14,015 shares of the oil and gas company’s stock worth $1,645,000 after buying an additional 460 shares during the period. 65.89% of the stock is owned by institutional investors.

Chevron Trading Up 3.0 %

Shares of Chevron stock opened at $148.48 on Tuesday. Chevron Co. has a 12-month low of $92.86 and a 12-month high of $182.40. The stock has a market cap of $291.73 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.60 and a beta of 1.14. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $157.58 and its 200-day moving average is $154.05.

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

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 19th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Wednesday, May 18th. Chevron’s dividend payout ratio (DPR) is presently 53.38%.

Insider Activity at Chevron

In related news, Director Wanda M. Austin sold 12,039 shares of the stock in a transaction on 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 in the company, valued at approximately $628,138.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Wanda M. Austin sold 12,039 shares of the stock in a transaction on 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 in the company, valued at approximately $628,138.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Eimear P. Bonner sold 68,032 shares of the stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $165.00, for a total value of $11,225,280.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 561,726 shares of company stock worth $94,057,396. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Cowen decreased their target price on Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, July 1st. Bank of America decreased their target price on Chevron from $205.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Piper Sandler decreased their target price on Chevron from $213.00 to $189.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Raymond James boosted their price objective on Chevron from $173.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, April 18th. Finally, Citigroup decreased their price objective on Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.35.

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.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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