Chevron Corporation $CVX Shares Purchased by Fullcircle Wealth LLC

by · The Markets Daily

Fullcircle Wealth LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 5.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,395 shares of the oil and gas company’s stock after purchasing an additional 648 shares during the period. Fullcircle Wealth LLC’s holdings in Chevron were worth $1,872,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cloud Capital Management LLC purchased a new position in shares of Chevron in the 1st quarter valued at approximately $39,000. Penserra Capital Management LLC lifted its holdings in shares of Chevron by 17.6% during the first quarter. Penserra Capital Management LLC now owns 5,155 shares of the oil and gas company’s stock worth $862,000 after purchasing an additional 773 shares during the period. Envestnet Asset Management Inc. grew its position in Chevron by 2.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,771,285 shares of the oil and gas company’s stock valued at $798,188,000 after buying an additional 104,184 shares during the last quarter. Capital Advisors Inc. OK increased its stake in Chevron by 0.3% in the 1st quarter. Capital Advisors Inc. OK now owns 569,258 shares of the oil and gas company’s stock valued at $95,231,000 after buying an additional 1,755 shares during the period. Finally, OLD Republic International Corp raised its position in Chevron by 0.6% during the 1st quarter. OLD Republic International Corp now owns 486,300 shares of the oil and gas company’s stock worth $81,353,000 after buying an additional 3,000 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chevron

In other news, VP Alana K. Knowles sold 3,978 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $160.00, for a total value of $636,480.00. Following the completion of the transaction, the vice president directly owned 1,181 shares of the company’s stock, valued at $188,960. The trade was a 77.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John B. Hess sold 375,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the completion of the sale, the director owned 1,403,045 shares in the company, valued at $222,102,023.50. This represents a 21.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a report on Monday, August 4th. Evercore ISI reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Chevron in a report on Thursday, July 31st. Scotiabank boosted their target price on Chevron from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $160.00 price objective (down previously from $170.00) on shares of Chevron in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Chevron presently has a consensus rating of “Hold” and an average target price of $165.40.

View Our Latest Research Report on CVX

Chevron Price Performance

CVX stock opened at $154.13 on Tuesday. The company has a market cap of $266.34 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 4.40 and a beta of 0.84. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $155.99 and a 200-day moving average of $149.32. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96.

Chevron (NYSE:CVX – Get Free Report) last posted its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $49.73 billion for the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.Chevron’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.48 earnings per share. As a group, equities analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.4%. Chevron’s dividend payout ratio is presently 96.20%.

Chevron Company Profile

(Free Report)

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.

Further Reading

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