Brighton Jones LLC Purchases 7,410 Shares of Chevron Corporation $CVX

Brighton Jones LLC lifted its position in shares of Chevron Corporation (NYSE:CVXFree Report) by 27.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,026 shares of the oil and gas company’s stock after acquiring an additional 7,410 shares during the quarter. Brighton Jones LLC’s holdings in Chevron were worth $5,284,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Candriam S.C.A. lifted its holdings 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 buying an additional 493 shares during the period. Jump Financial LLC raised its position in shares of Chevron by 987.5% during the 1st quarter. Jump Financial LLC now owns 41,990 shares of the oil and gas company’s stock valued at $7,025,000 after acquiring an additional 38,129 shares during the last quarter. Potomac Fund Management Inc. ADV raised its position in shares of Chevron by 6.9% during the 1st quarter. Potomac Fund Management Inc. ADV now owns 9,531 shares of the oil and gas company’s stock valued at $1,594,000 after acquiring an additional 617 shares during the last quarter. Orion Capital Management LLC lifted its stake in shares of Chevron by 23.6% in the 1st quarter. Orion Capital Management LLC now owns 519 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 99 shares during the period. Finally, Widmann Financial Services Inc. boosted its position in shares of Chevron by 1.6% in the 1st quarter. Widmann Financial Services Inc. now owns 12,261 shares of the oil and gas company’s stock worth $2,051,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 275,000 shares of Chevron stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Chevron Price Performance

NYSE CVX opened at $149.85 on Tuesday. 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 cap of $301.73 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 8.78 and a beta of 0.68. The business has a 50 day simple moving average of $152.27 and a 200 day simple moving average of $152.65. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96.

Chevron (NYSE:CVXGet Free Report) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The firm had revenue of $48.17 billion for the quarter, compared to analyst estimates of $46.99 billion. During the same quarter in the previous year, the firm posted $2.48 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio is 96.20%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CVX. Barclays dropped their price objective on Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Zacks Research lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Monday, November 24th. Wells Fargo & Company upped their price target on Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. HSBC set a $169.00 price objective on shares of Chevron and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chevron has a consensus rating of “Hold” and an average target price of $166.00.

Read Our Latest Analysis on Chevron

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.

Further Reading

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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