SageView Advisory Group LLC Boosts Position in Chevron Co. (NYSE:CVX)

SageView Advisory Group LLC boosted its position in shares of Chevron Co. (NYSE:CVX) by 91.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,847 shares of the oil and gas company’s stock after purchasing an additional 10,924 shares during the quarter. SageView Advisory Group LLC’s holdings in Chevron were worth $3,430,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Bare Financial Services Inc purchased a new stake in shares of Chevron in the fourth quarter valued at $27,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at $30,000. Valued Wealth Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at $33,000. Clear Investment Research LLC lifted its position in shares of Chevron by 264.9% in the fourth quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 204 shares in the last quarter. Finally, Vima LLC purchased a new stake in shares of Chevron in the fourth quarter valued at $44,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $165.24, for a total transaction of $421,196.76. Following the transaction, the director now owns 27,725 shares of the company’s stock, valued at approximately $4,581,279. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $45,540. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $165.24, for a total value of $421,196.76. Following the completion of the sale, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The disclosure for this sale can be found here. Insiders have sold a total of 19,546 shares of company stock valued at $3,176,223 in the last quarter. Insiders own 0.20% of the company’s stock.

Chevron Trading Up 0.4 %

Shares of CVX opened at $153.23 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23. The stock has a 50-day moving average price of $159.78 and a 200 day moving average price of $153.99. Chevron Co. has a one year low of $139.62 and a one year high of $171.70. The company has a market capitalization of $282.40 billion, a P/E ratio of 14.10, a P/E/G ratio of 2.27 and a beta of 1.12.

Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The company had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. During the same quarter last year, the business posted $3.55 EPS. Chevron’s quarterly revenue was down 4.1% compared to the same quarter last year. Sell-side analysts forecast that Chevron Co. will post 13.45 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders 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 presently 59.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CVX shares. TD Cowen increased their target price on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. UBS Group upped their price target on Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Wells Fargo & Company upped their price target on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, Raymond James upped their price target on Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $186.95.

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.