Chevron Co. (NYSE:CVX) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division raised its position in Chevron Co. (NYSE:CVXGet Rating) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,571 shares of the oil and gas company’s stock after acquiring an additional 7,017 shares during the quarter. Chevron makes up approximately 0.6% of Moody National Bank Trust Division’s portfolio, making the stock its 22nd biggest position. Moody National Bank Trust Division’s holdings in Chevron were worth $5,585,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new position in shares of Chevron during the first quarter worth about $25,000. Cordant Inc. acquired a new position in shares of Chevron during the first quarter worth about $29,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Chevron during the first quarter worth about $30,000. Landmark Wealth Management LLC acquired a new position in shares of Chevron during the first quarter worth about $34,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Chevron during the fourth quarter worth about $36,000. 69.30% of the stock is owned by institutional investors and hedge funds.

Chevron Trading Down 2.6 %

Shares of CVX stock opened at $156.45 on Friday. The business’s fifty day moving average price is $154.36 and its 200 day moving average price is $160.37. Chevron Co. has a 1-year low of $93.31 and a 1-year high of $182.40. The firm has a market capitalization of $307.39 billion, a PE ratio of 10.44, a P/E/G ratio of 0.60 and a beta of 1.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.11.

Chevron (NYSE:CVXGet Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The firm had revenue of $68.76 billion for the quarter, compared to analyst estimates of $57.69 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. Chevron’s quarterly revenue was up 82.9% on a year-over-year basis. As a group, sell-side analysts forecast that Chevron Co. will post 18.4 EPS for the current fiscal year.

Chevron Announces Dividend

The firm 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. This represents a $5.68 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, August 18th. Chevron’s dividend payout ratio is presently 37.89%.

Insider Buying and Selling

In other Chevron news, CFO Pierre R. Breber sold 22,500 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was 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 owns 7 shares of the company’s stock, valued at $1,106.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chevron news, CFO Pierre R. Breber sold 22,500 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was 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 owns 7 shares of the company’s stock, valued at $1,106.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James William Johnson sold 85,300 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $164.01, for a total value of $13,990,053.00. The disclosure for this sale can be found here. Insiders have sold 141,732 shares of company stock valued at $23,024,499 over the last quarter. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CVX. Bank of America boosted their target price on Chevron from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Morgan Stanley boosted their target price on Chevron from $187.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 6th. Piper Sandler boosted their target price on Chevron from $189.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. Credit Suisse Group restated an “outperform” rating and set a $202.00 target price on shares of Chevron in a research note on Thursday, August 11th. Finally, Wells Fargo & Company boosted their target price on Chevron from $181.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $169.20.

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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