Chevron Co. (NYSE:CVX) Position Boosted by Blue Barn Wealth LLC

Blue Barn Wealth LLC grew its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 21.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,687 shares of the oil and gas company’s stock after purchasing an additional 301 shares during the period. Blue Barn Wealth LLC’s holdings in Chevron were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Rothschild Investment Corp IL boosted its position in shares of Chevron by 0.6% during the 2nd quarter. Rothschild Investment Corp IL now owns 134,756 shares of the oil and gas company’s stock valued at $19,510,000 after purchasing an additional 748 shares in the last quarter. S.C. Financial Services Inc. boosted its holdings in shares of Chevron by 12.3% in the second quarter. S.C. Financial Services Inc. now owns 3,880 shares of the oil and gas company’s stock worth $562,000 after buying an additional 424 shares during the period. Mizuho Securities Co. Ltd. boosted its holdings in shares of Chevron by 42.9% in the second quarter. Mizuho Securities Co. Ltd. now owns 1,406 shares of the oil and gas company’s stock worth $165,000 after buying an additional 422 shares during the period. Good Life Advisors LLC boosted its holdings in shares of Chevron by 2.6% in the third quarter. Good Life Advisors LLC now owns 28,054 shares of the oil and gas company’s stock worth $4,031,000 after buying an additional 719 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in shares of Chevron by 15.9% in the second quarter. Sound Income Strategies LLC now owns 2,879 shares of the oil and gas company’s stock worth $417,000 after buying an additional 395 shares during the period. Institutional investors own 69.37% of the company’s stock.

Insider Transactions at Chevron

In other news, Director Alice P. Gast sold 2,706 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $179.44, for a total value of $485,564.64. Following the sale, the director now owns 21,964 shares in the company, valued at $3,941,220.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Alice P. Gast sold 2,706 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $179.44, for a total value of $485,564.64. Following the sale, the director now owns 21,964 shares in the company, valued at $3,941,220.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James William Johnson sold 143,466 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $179.30, for a total transaction of $25,723,453.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 293,563 shares of company stock worth $53,186,421. Insiders own 0.32% of the company’s stock.

Chevron Trading Up 0.8 %

Shares of CVX stock opened at $176.56 on Monday. Chevron Co. has a 12 month low of $122.84 and a 12 month high of $189.68. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $178.58 and its two-hundred day moving average is $163.20. The company has a market cap of $341.40 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.72 and a beta of 1.18.

Chevron (NYSE:CVXGet Rating) last announced its quarterly earnings results on Friday, October 28th. The oil and gas company reported $5.56 EPS for the quarter, beating the consensus estimate of $5.02 by $0.54. Chevron had a return on equity of 22.36% and a net margin of 14.36%. The company had revenue of $66.64 billion for the quarter, compared to the consensus estimate of $61.44 billion. During the same quarter last year, the company posted $2.96 earnings per share. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year. Equities analysts predict that Chevron Co. will post 19.13 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Friday, November 18th were paid a $1.42 dividend. The ex-dividend date was Thursday, November 17th. This represents a $5.68 annualized dividend and a dividend yield of 3.22%. Chevron’s payout ratio is 32.31%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CVX shares. Raymond James raised their target price on shares of Chevron from $188.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. Barclays raised their target price on shares of Chevron from $196.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Morgan Stanley raised their target price on shares of Chevron from $193.00 to $196.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 19th. Piper Sandler reduced their price target on shares of Chevron from $206.00 to $199.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Finally, Cowen increased their price target on shares of Chevron from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Chevron currently has an average rating of “Hold” and a consensus target price of $185.15.

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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