Chevron Co. (NYSE:CVX) Shares Purchased by Capital International Inc. CA

Capital International Inc. CA boosted its holdings in shares of Chevron Co. (NYSE:CVX) by 11.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,640 shares of the oil and gas company’s stock after acquiring an additional 13,135 shares during the quarter. Capital International Inc. CA’s holdings in Chevron were worth $19,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Capital International Investors raised its holdings in Chevron by 5.9% during the first quarter. Capital International Investors now owns 13,418,287 shares of the oil and gas company’s stock worth $2,116,600,000 after purchasing an additional 743,042 shares in the last quarter. Rodgers Brothers Inc. increased its position in shares of Chevron by 5.3% during the first quarter. Rodgers Brothers Inc. now owns 49,812 shares of the oil and gas company’s stock worth $7,857,000 after purchasing an additional 2,503 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Chevron by 10.8% during the first quarter. Axxcess Wealth Management LLC now owns 105,050 shares of the oil and gas company’s stock worth $16,571,000 after purchasing an additional 10,204 shares in the last quarter. EP Wealth Advisors LLC increased its position in Chevron by 3.9% during the first quarter. EP Wealth Advisors LLC now owns 103,084 shares of the oil and gas company’s stock worth $16,261,000 after buying an additional 3,847 shares during the period. Finally, Wellington Wealth Strategies LLC. acquired a new position in Chevron during the first quarter worth approximately $483,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In related news, Director Enrique Hernandez, Jr. sold 5,098 shares of Chevron stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.50, for a total transaction of $833,523.00. Following the sale, the director now directly owns 2,549 shares of the company’s stock, valued at $416,761.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction that occurred on Tuesday, May 21st. The stock was 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 of the company’s stock, valued at $76,429.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.50, for a total value of $833,523.00. Following the completion of the sale, the director now directly owns 2,549 shares in the company, valued at approximately $416,761.50. The disclosure for this sale can be found here. Insiders sold a total of 13,946 shares of company stock valued at $2,265,971 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Chevron Stock Up 0.2 %

NYSE:CVX traded up $0.35 during mid-day trading on Friday, reaching $157.89. The stock had a trading volume of 5,232,189 shares, compared to its average volume of 7,806,996. The stock has a market cap of $290.99 billion, a P/E ratio of 14.53, a PEG ratio of 2.49 and a beta of 1.10. The business’s 50 day moving average is $156.68 and its 200 day moving average is $155.58. 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 fifty-two week low of $139.62 and a fifty-two week high of $171.70.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, topping 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 business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. During the same quarter in the previous year, the firm earned $3.55 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Chevron Co. will post 12.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CVX shares. Piper Sandler lifted their target price on shares of Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Wolfe Research began coverage on shares of Chevron in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group boosted their price target on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Barclays started coverage on shares of Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective on the stock. Finally, HSBC upped their price objective on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.67.

About Chevron

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.