Wolff Wiese Magana LLC Has $326,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Wolff Wiese Magana LLC decreased its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,266 shares of the oil and gas company’s stock after selling 170 shares during the period. Wolff Wiese Magana LLC’s holdings in Chevron were worth $326,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Worth Asset Management LLC bought a new position in Chevron in the 1st quarter worth about $36,000. Win Advisors Inc. boosted its stake in Chevron by 61.2% in the 2nd quarter. Win Advisors Inc. now owns 316 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 120 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its holdings in Chevron by 80.6% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 336 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 150 shares during the last quarter. Foster Dykema Cabot & Co. Inc. MA bought a new position in shares of Chevron during the second quarter valued at $69,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Chevron during the 2nd quarter valued at about $72,000. Institutional investors own 69.37% of the company’s stock.

Chevron Price Performance

CVX stock opened at $176.56 on Monday. The firm has a market cap of $341.40 billion, a P/E ratio of 10.04, a PEG ratio of 0.72 and a beta of 1.18. The stock’s 50 day moving average price is $178.58 and its 200 day moving average price is $163.20. Chevron Co. has a 1 year low of $122.84 and a 1 year high of $189.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.15 and a current ratio of 1.40.

Chevron (NYSE:CVXGet Rating) last announced its quarterly earnings data on Friday, October 28th. The oil and gas company reported $5.56 earnings per share for the quarter, topping the consensus estimate of $5.02 by $0.54. Chevron had a net margin of 14.36% and a return on equity of 22.36%. The business had revenue of $66.64 billion for the quarter, compared to analyst estimates of $61.44 billion. During the same period in the prior year, the firm posted $2.96 EPS. The company’s revenue was up 49.1% on a year-over-year basis. On average, sell-side analysts expect that Chevron Co. will post 19.13 earnings per share for the current fiscal year.

Chevron Announces Dividend

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

Insider Activity

In related news, CEO Michael K. Wirth sold 55,380 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $185.09, for a total transaction of $10,250,284.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP R. Hewitt Pate sold 32,391 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $180.00, for a total value of $5,830,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 55,380 shares of Chevron stock in a transaction on Friday, November 4th. The stock was sold at an average price of $185.09, for a total value of $10,250,284.20. The disclosure for this sale can be found here. In the last three months, insiders sold 293,563 shares of company stock worth $53,186,421. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CVX shares. BNP Paribas cut shares of Chevron from a “neutral” rating to an “underperform” rating and set a $190.00 price objective on the stock. in a research note on Wednesday, December 14th. Bank of America lowered Chevron from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $190.00 to $191.00 in a research report on Friday. Morgan Stanley boosted their price objective on shares of Chevron from $193.00 to $196.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 19th. StockNews.com initiated coverage on Chevron in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Barclays raised their target price on shares of Chevron from $196.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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