Chevron Corporation $CVX Shares Acquired by Clearstead Advisors LLC

Clearstead Advisors LLC boosted its stake in Chevron Corporation (NYSE:CVXFree Report) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 162,776 shares of the oil and gas company’s stock after purchasing an additional 6,679 shares during the quarter. Clearstead Advisors LLC’s holdings in Chevron were worth $25,278,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CVX. Quaker Wealth Management LLC increased its holdings in shares of Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after buying an additional 439 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in Chevron during the third quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC increased its stake in Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 118 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Chevron in the 3rd quarter worth about $41,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of research analyst reports. Melius Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Tuesday, February 17th. Morgan Stanley dropped their price objective on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Sanford C. Bernstein raised their target price on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Scotiabank reaffirmed a “sector perform” rating and set a $168.00 price target on shares of Chevron in a research report on Friday, January 16th. Finally, Jefferies Financial Group raised their price objective on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Chevron presently has an average rating of “Hold” and a consensus target price of $176.36.

View Our Latest Analysis on Chevron

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Chevron Price Performance

CVX opened at $183.69 on Monday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $187.90. The firm has a market cap of $369.86 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 12.17 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $165.86 and a 200 day simple moving average of $158.56.

Chevron (NYSE:CVXGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the prior year, the company posted $2.06 EPS. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. Chevron’s payout ratio is 106.91%.

Insider Activity at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider R. Hewitt Pate sold 41,134 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $176.40, for a total transaction of $7,256,037.60. Following the sale, the insider directly owned 4,169 shares of the company’s stock, valued at $735,411.60. The trade was a 90.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 534,898 shares of company stock worth $89,543,711 over the last ninety days. Company insiders own 0.20% of the company’s stock.

About Chevron

(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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