Chevron Co. (NYSE:CVX) Shares Acquired by Cypress Wealth Services LLC

Cypress Wealth Services LLC raised its position in shares of Chevron Co. (NYSE:CVX) by 8.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,731 shares of the oil and gas company’s stock after buying an additional 767 shares during the quarter. Cypress Wealth Services LLC’s holdings in Chevron were worth $1,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caxton Associates LP bought a new position in shares of Chevron during the third quarter valued at approximately $207,000. Richard Bernstein Advisors LLC grew its stake in Chevron by 183.2% during the 3rd quarter. Richard Bernstein Advisors LLC now owns 53,174 shares of the oil and gas company’s stock worth $8,966,000 after buying an additional 34,398 shares during the last quarter. Dempze Nancy E increased its position in Chevron by 6.9% in the third quarter. Dempze Nancy E now owns 4,617 shares of the oil and gas company’s stock worth $779,000 after buying an additional 300 shares during the period. Waverly Advisors LLC lifted its stake in Chevron by 34.6% in the third quarter. Waverly Advisors LLC now owns 35,392 shares of the oil and gas company’s stock valued at $5,968,000 after buying an additional 9,095 shares during the last quarter. Finally, Blackstone Inc. grew its position in shares of Chevron by 76.2% during the third quarter. Blackstone Inc. now owns 13,529 shares of the oil and gas company’s stock worth $2,281,000 after acquiring an additional 5,851 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Scotiabank upgraded Chevron from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. Raymond James lifted their target price on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. TD Cowen raised their price target on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a report on Monday, April 29th. Finally, Mizuho lifted their price objective on shares of Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $186.95.

Chevron Price Performance

Chevron stock traded up $0.88 during mid-day trading on Friday, reaching $157.20. 3,599,338 shares of the company were exchanged, compared to its average volume of 8,020,228. The company has a fifty day simple moving average of $159.32 and a 200-day simple moving average of $154.52. The firm has a market cap of $289.71 billion, a PE ratio of 14.49, a PEG ratio of 2.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The company had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. During the same quarter last year, the company posted $3.55 EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Chevron Co. will post 13.15 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Thursday, May 16th. Chevron’s payout ratio is 59.98%.

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the sale, the vice president now directly owns 477 shares in the company, valued at approximately $76,429.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Jeff B. Gustavson sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the transaction, the vice president now directly owns 477 shares in the company, valued at $76,429.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $161.00, for a total value of $410,389.00. Following the transaction, the director now owns 7,647 shares of the company’s stock, valued at $1,231,167. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,546 shares of company stock worth $3,176,223. Insiders own 0.20% of the company’s stock.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. 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 of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.