Chevron Co. (NYSE:CVX) Shares Acquired by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. grew its position in Chevron Co. (NYSE:CVXGet Rating) by 2.9% in the second quarter, HoldingsChannel reports. The fund owned 6,021 shares of the oil and gas company’s stock after acquiring an additional 172 shares during the quarter. Monterey Private Wealth Inc.’s holdings in Chevron were worth $872,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Chevron during the fourth quarter worth about $3,111,594,000. Vanguard Group Inc. increased its stake in shares of Chevron by 2.7% during the first quarter. Vanguard Group Inc. now owns 167,767,288 shares of the oil and gas company’s stock worth $27,317,547,000 after purchasing an additional 4,367,157 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Chevron by 1,886.8% during the first quarter. 1832 Asset Management L.P. now owns 2,346,162 shares of the oil and gas company’s stock worth $376,786,000 after purchasing an additional 2,228,072 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Chevron by 17.3% during the first quarter. Dimensional Fund Advisors LP now owns 9,763,275 shares of the oil and gas company’s stock worth $1,589,915,000 after purchasing an additional 1,437,047 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Chevron by 13.6% during the first quarter. Swiss National Bank now owns 8,349,332 shares of the oil and gas company’s stock worth $1,359,522,000 after purchasing an additional 998,700 shares in the last quarter. Institutional investors and hedge funds own 69.30% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, CFO Pierre R. Breber sold 22,500 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $158.11, for a total transaction of $3,557,475.00. Following the sale, the chief financial officer now directly owns 7 shares in the company, valued at approximately $1,106.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Chevron news, CFO Pierre R. Breber sold 22,500 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $158.11, for a total transaction of $3,557,475.00. Following the sale, the chief financial officer now directly owns 7 shares in the company, valued at approximately $1,106.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Wanda M. Austin sold 11,432 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the sale, the director now owns 3,560 shares in the company, valued at $574,762. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,732 shares of company stock worth $23,024,499. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Chevron from $183.00 to $196.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Credit Suisse Group reaffirmed an “outperform” rating and set a $202.00 price objective on shares of Chevron in a research note on Thursday, August 11th. Cowen upped their price objective on shares of Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Piper Sandler upped their price objective on shares of Chevron from $189.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $172.00 price objective on shares of Chevron in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $169.20.

Chevron Stock Performance

Shares of CVX stock opened at $154.89 on Friday. The firm’s 50 day moving average price is $155.74 and its 200-day moving average price is $160.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.31. Chevron Co. has a one year low of $97.75 and a one year high of $182.40. The firm has a market cap of $304.33 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.60 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last issued its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, topping the consensus estimate of $4.66 by $1.16. Chevron had a net margin of 13.45% and a return on equity of 19.73%. The firm had revenue of $68.76 billion for the quarter, compared to analyst estimates of $57.69 billion. During the same period in the prior year, the business posted $1.71 EPS. The business’s revenue for the quarter was up 82.9% compared to the same quarter last year. As a group, equities research analysts predict that Chevron Co. will post 18.37 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were issued a $1.42 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $5.68 annualized dividend and a dividend yield of 3.67%. Chevron’s dividend payout ratio is currently 37.89%.

Chevron Profile

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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