Buckhead Capital Management LLC Acquires 1,701 Shares of Chevron Co. (NYSE:CVX)

Buckhead Capital Management LLC boosted its position in shares of Chevron Co. (NYSE:CVX) by 4.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,808 shares of the oil and gas company’s stock after purchasing an additional 1,701 shares during the period. Chevron accounts for approximately 2.3% of Buckhead Capital Management LLC’s portfolio, making the stock its 7th largest holding. Buckhead Capital Management LLC’s holdings in Chevron were worth $6,236,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH lifted its holdings in shares of Chevron by 4.8% in the third quarter. Trust Co. of Toledo NA OH now owns 61,737 shares of the oil and gas company’s stock worth $10,410,000 after acquiring an additional 2,837 shares during the last quarter. Uncommon Cents Investing LLC lifted its holdings in shares of Chevron by 2.1% in the third quarter. Uncommon Cents Investing LLC now owns 12,072 shares of the oil and gas company’s stock worth $2,036,000 after acquiring an additional 250 shares during the last quarter. Evanson Asset Management LLC lifted its holdings in shares of Chevron by 8.2% in the third quarter. Evanson Asset Management LLC now owns 17,236 shares of the oil and gas company’s stock worth $2,906,000 after acquiring an additional 1,299 shares during the last quarter. Charles Schwab Trust Co lifted its holdings in shares of Chevron by 64.7% in the third quarter. Charles Schwab Trust Co now owns 26,474 shares of the oil and gas company’s stock worth $4,464,000 after acquiring an additional 10,396 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC raised its holdings in Chevron by 82.5% in the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 12,073 shares of the oil and gas company’s stock valued at $2,036,000 after buying an additional 5,459 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total transaction of $462,000.00. Following the transaction, the vice president now directly owns 276 shares in the company, valued at $45,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CVX shares. UBS Group raised their price objective on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $170.00 to $195.00 in a report on Thursday, April 11th. Royal Bank of Canada raised their price objective on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, February 5th. HSBC raised their price objective on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Raymond James raised their price target on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $185.35.

Chevron Stock Down 1.0 %

CVX traded down $1.64 during mid-day trading on Wednesday, reaching $159.63. 7,712,057 shares of the stock were exchanged, compared to its average volume of 8,445,480. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The stock has a market capitalization of $296.48 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The company has a 50 day moving average price of $156.96 and a two-hundred day moving average price of $151.68. Chevron Co. has a 1 year low of $139.62 and a 1 year 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 for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The company had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.55 EPS. As a group, research analysts anticipate that Chevron Co. will post 13.71 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, May 16th. Chevron’s dividend payout ratio (DPR) is 59.98%.

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.