Foster Victor Wealth Advisors LLC Has $12.36 Million Stock Position in Chevron Corporation $CVX

Foster Victor Wealth Advisors LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVXFree Report) by 8.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,492 shares of the oil and gas company’s stock after acquiring an additional 6,576 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Chevron were worth $12,360,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CVX. Algert Global LLC grew its stake in shares of Chevron by 22.7% in the 1st quarter. Algert Global LLC now owns 3,692 shares of the oil and gas company’s stock valued at $618,000 after buying an additional 682 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Chevron in the first quarter valued at approximately $1,011,000. Candriam S.C.A. lifted its stake in Chevron by 16.3% in the first quarter. Candriam S.C.A. now owns 3,525 shares of the oil and gas company’s stock valued at $590,000 after acquiring an additional 493 shares during the last quarter. Jump Financial LLC grew its position in Chevron by 987.5% in the first quarter. Jump Financial LLC now owns 41,990 shares of the oil and gas company’s stock worth $7,025,000 after acquiring an additional 38,129 shares in the last quarter. Finally, AIMZ Investment Advisors LLC increased its stake in shares of Chevron by 4.2% during the 1st quarter. AIMZ Investment Advisors LLC now owns 1,783 shares of the oil and gas company’s stock worth $298,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity at Chevron

In related news, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the sale, the director owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Chevron Price Performance

NYSE CVX opened at $147.74 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market capitalization of $297.47 billion, a PE ratio of 20.78, a P/E/G ratio of 8.78 and a beta of 0.68. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The stock has a 50-day simple moving average of $152.31 and a 200 day simple moving average of $152.56.

Chevron (NYSE:CVXGet Free Report) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same period in the previous year, the business earned $2.48 EPS. Chevron’s revenue was down 1.9% compared to the same quarter last year. Research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.6%. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

Wall Street Analyst Weigh In

Several research firms recently issued reports on CVX. Hsbc Global Res upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Bank of America reduced their price target on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. HSBC set a $169.00 price target on Chevron and gave the stock a “buy” rating in a research note on Monday, December 1st. Scotiabank raised their price objective on Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Finally, Barclays decreased their target price on Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $166.00.

Check Out Our Latest Analysis on CVX

Chevron Profile

(Free Report)

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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