Transcend Capital Advisors LLC Acquires 4,468 Shares of Chevron Co. (NYSE:CVX)

Transcend Capital Advisors LLC lifted its position in Chevron Co. (NYSE:CVX) by 15.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,858 shares of the oil and gas company’s stock after acquiring an additional 4,468 shares during the period. Transcend Capital Advisors LLC’s holdings in Chevron were worth $5,050,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Avity Investment Management Inc. grew its stake in shares of Chevron by 1.7% in the 3rd quarter. Avity Investment Management Inc. now owns 183,188 shares of the oil and gas company’s stock worth $30,889,000 after buying an additional 3,053 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of Chevron by 3.0% in the 3rd quarter. Wagner Wealth Management LLC now owns 4,363 shares of the oil and gas company’s stock worth $736,000 after buying an additional 127 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Chevron by 4.3% in the 3rd quarter. Boston Trust Walden Corp now owns 139,926 shares of the oil and gas company’s stock worth $23,594,000 after buying an additional 5,710 shares during the last quarter. Strategic Blueprint LLC grew its stake in shares of Chevron by 6.8% in the 3rd quarter. Strategic Blueprint LLC now owns 18,982 shares of the oil and gas company’s stock worth $3,201,000 after buying an additional 1,213 shares during the last quarter. Finally, LaFleur & Godfrey LLC grew its stake in shares of Chevron by 1.8% in the 3rd quarter. LaFleur & Godfrey LLC now owns 59,610 shares of the oil and gas company’s stock worth $10,051,000 after buying an additional 1,030 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Activity

In related news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the transaction, the vice president now owns 276 shares of the company’s stock, valued at $44,184.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Chevron Price Performance

Shares of CVX stock traded up $0.61 during trading hours on Friday, hitting $165.89. The stock had a trading volume of 9,736,350 shares, compared to its average volume of 7,082,480. Chevron Co. has a one year low of $139.62 and a one year high of $171.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The stock’s 50-day moving average price is $156.58 and its two-hundred day moving average price is $151.83. The stock has a market capitalization of $308.10 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 2.43 and a beta of 1.12.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.84 by $0.09. The company had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $3.55 earnings per share. Equities analysts forecast that Chevron Co. will post 13.58 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.63 per share. The ex-dividend date is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.93%. Chevron’s dividend payout ratio is 57.39%.

Analyst Ratings Changes

CVX has been the topic of several recent analyst reports. TD Cowen downgraded Chevron from an “outperform” rating to a “market perform” rating and cut their target price for the company from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Barclays assumed coverage on Chevron in a report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 target price on the stock. Mizuho raised their target price on Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. DZ Bank cut Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a report on Tuesday, February 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chevron in a report on Monday, April 1st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $184.75.

Chevron Company 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.