Chevron Co. (NYSE:CVX) Shares Acquired by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC boosted its position in Chevron Co. (NYSE:CVXGet Rating) by 83.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,353 shares of the oil and gas company’s stock after purchasing an additional 40,670 shares during the period. Chevron accounts for about 6.5% of Castle Rock Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Castle Rock Wealth Management LLC’s holdings in Chevron were worth $12,824,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new stake in shares of Chevron in the first quarter valued at about $25,000. Cordant Inc. acquired a new stake in shares of Chevron in the first quarter valued at about $29,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Chevron in the first quarter valued at about $30,000. Landmark Wealth Management LLC acquired a new stake in shares of Chevron in the first quarter valued at about $34,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Chevron in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 69.30% of the company’s stock.

Chevron Stock Performance

Shares of Chevron stock opened at $154.89 on Friday. The company has a market cap of $304.33 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15. Chevron Co. has a 52 week low of $97.75 and a 52 week high of $182.40. The business has a 50 day moving average price of $155.74 and a 200-day moving average price of $160.31. The company has a quick ratio of 1.11, a current ratio of 1.31 and a debt-to-equity ratio of 0.15.

Chevron (NYSE:CVXGet Rating) last issued its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, topping the consensus estimate of $4.66 by $1.16. The firm had revenue of $68.76 billion during the quarter, compared to the consensus estimate of $57.69 billion. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The company’s quarterly revenue was up 82.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 earnings per share. Equities analysts anticipate that Chevron Co. will post 18.37 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, August 18th. Chevron’s payout ratio is 37.89%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CVX. Cowen upped their target price on Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. Cowen upped their target price on Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. Bank of America upped their target price on Chevron from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Morgan Stanley upped their target price on Chevron from $187.00 to $193.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 6th. Finally, Barclays upped their target price on Chevron from $183.00 to $196.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.20.

Insider Activity at Chevron

In related news, EVP James William Johnson sold 85,300 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $164.01, for a total transaction of $13,990,053.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Pierre R. Breber sold 22,500 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $161.39, for a total transaction of $3,631,275.00. Following the completion of the sale, the chief financial officer now directly owns 7 shares of the company’s stock, valued at $1,129.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James William Johnson sold 85,300 shares of the stock in a transaction that occurred 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. Over the last three months, insiders sold 141,732 shares of company stock valued at $23,024,499. 0.32% of the stock is owned by 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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