Chevron Co. (NYSE:CVX) Holdings Lifted by Wahed Invest LLC

Wahed Invest LLC raised its holdings in shares of Chevron Co. (NYSE:CVX) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 29,398 shares of the oil and gas company’s stock after purchasing an additional 1,689 shares during the period. Chevron accounts for approximately 1.1% of Wahed Invest LLC’s portfolio, making the stock its 14th biggest holding. Wahed Invest LLC’s holdings in Chevron were worth $4,385,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CVX. Bare Financial Services Inc acquired a new position in Chevron during the 4th quarter worth $27,000. Frank Rimerman Advisors LLC bought a new position in shares of Chevron in the fourth quarter worth about $30,000. Valued Wealth Advisors LLC acquired a new position in shares of Chevron during the 4th quarter worth about $33,000. Clear Investment Research LLC boosted its stake in Chevron by 264.9% during the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 204 shares during the period. Finally, Vima LLC bought a new position in Chevron in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a research report on Monday, April 1st. TD Cowen raised their price target on shares of Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Barclays began coverage on shares of Chevron in a research report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price objective for the company. Wells Fargo & Company boosted their price target on Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, HSBC raised their price objective on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average target price of $186.95.

Insider Activity at Chevron

In other news, Director Enrique Hernandez, Jr. sold 5,098 shares of Chevron stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.50, for a total transaction of $833,523.00. Following the transaction, the director now owns 2,549 shares in the company, valued at approximately $416,761.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the sale, the vice president now owns 477 shares in the company, valued at approximately $76,429.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of Chevron stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $163.50, for a total transaction of $833,523.00. Following the completion of the sale, the director now owns 2,549 shares in the company, valued at $416,761.50. The disclosure for this sale can be found here. Insiders sold a total of 19,546 shares of company stock worth $3,176,223 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Chevron Stock Up 0.4 %

CVX opened at $153.23 on Tuesday. The firm has a market cap of $282.40 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 2.27 and a beta of 1.12. The firm’s 50-day simple moving average is $159.78 and its 200-day simple moving average is $153.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $171.70.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.55 earnings per share. Equities research analysts anticipate that Chevron Co. will post 13.45 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Thursday, May 16th. Chevron’s dividend payout ratio is currently 59.98%.

About Chevron

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.