Integrity Financial Corp WA Makes New $202,000 Investment in Chevron Co. (NYSE:CVX)

Integrity Financial Corp WA bought a new position in shares of Chevron Co. (NYSE:CVXGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,240 shares of the oil and gas company’s stock, valued at approximately $202,000.

Several other large investors also recently bought and sold shares of CVX. Qube Research & Technologies Ltd boosted its holdings in shares of Chevron by 123.3% in the 4th quarter. Qube Research & Technologies Ltd now owns 135,720 shares of the oil and gas company’s stock valued at $15,927,000 after acquiring an additional 74,933 shares during the last quarter. AGF Investments LLC boosted its holdings in shares of Chevron by 58.9% in the 4th quarter. AGF Investments LLC now owns 2,957 shares of the oil and gas company’s stock valued at $347,000 after acquiring an additional 1,096 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Chevron by 11.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 130,640 shares of the oil and gas company’s stock valued at $15,331,000 after acquiring an additional 12,923 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Chevron by 22.5% in the 4th quarter. Valmark Advisers Inc. now owns 9,195 shares of the oil and gas company’s stock valued at $1,079,000 after acquiring an additional 1,689 shares during the last quarter. Finally, TrueWealth Advisors LLC boosted its holdings in shares of Chevron by 7.4% in the 4th quarter. TrueWealth Advisors LLC now owns 7,597 shares of the oil and gas company’s stock valued at $892,000 after acquiring an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 65.89% of the company’s stock.

Chevron Price Performance

Shares of NYSE CVX opened at $153.64 on Friday. The firm has a 50-day simple moving average of $154.37 and a 200-day simple moving average of $155.35. The stock has a market capitalization of $301.87 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20. Chevron Co. has a 52 week low of $92.86 and a 52 week high of $182.40.

Chevron (NYSE:CVXGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, beating analysts’ consensus estimates of $4.66 by $1.16. The business had revenue of $68.76 billion during the quarter, compared to analysts’ expectations of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 20.19%. The company’s quarterly revenue was up 82.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 earnings per share. On average, equities analysts predict that Chevron Co. will post 17.51 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 19th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, August 18th. Chevron’s dividend payout ratio is currently 37.89%.

Insider Activity at Chevron

In related news, insider David A. Inchausti sold 5,600 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $164.85, for a total value of $923,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider David A. Inchausti sold 5,600 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $164.85, for a total value of $923,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wanda M. Austin sold 12,039 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $177.29, for a total transaction of $2,134,394.31. Following the completion of the sale, the director now directly owns 3,543 shares of the company’s stock, valued at approximately $628,138.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 399,043 shares of company stock valued at $67,010,843. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on CVX shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $172.00 price objective on shares of Chevron in a report on Thursday. Bank of America boosted their target price on shares of Chevron from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Societe Generale upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Finally, Morgan Stanley boosted their target price on shares of Chevron from $185.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Chevron Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVXGet Rating).

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.