PCG Wealth Advisors LLC Has $258,000 Stock Holdings in Chevron Co. (NYSE:CVX)

PCG Wealth Advisors LLC increased its position in Chevron Co. (NYSE:CVX) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,635 shares of the oil and gas company’s stock after buying an additional 163 shares during the period. PCG Wealth Advisors LLC’s holdings in Chevron were worth $258,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CVX. Alps Advisors Inc. acquired a new stake in shares of Chevron in the 3rd quarter valued at about $347,000. The Manufacturers Life Insurance Company boosted its stake in Chevron by 12.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,580,870 shares of the oil and gas company’s stock valued at $266,566,000 after purchasing an additional 177,944 shares during the last quarter. Ramirez Asset Management Inc. acquired a new position in Chevron during the 3rd quarter valued at about $78,000. Holderness Investments Co. boosted its stake in Chevron by 4.4% during the 3rd quarter. Holderness Investments Co. now owns 12,231 shares of the oil and gas company’s stock valued at $2,062,000 after purchasing an additional 517 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Chevron by 1.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 106,355 shares of the oil and gas company’s stock valued at $17,934,000 after purchasing an additional 2,019 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the transaction, the vice president now directly 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 can be accessed through the SEC website. In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $165.24, for a total value of $421,196.76. Following the completion of the transaction, the director now directly owns 27,725 shares in the company, valued at $4,581,279. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the transaction, the vice president now owns 477 shares of the company’s stock, valued at $76,429.71. The disclosure for this sale can be found here. Insiders sold 16,746 shares of company stock worth $2,727,971 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the subject of a number of analyst reports. UBS Group lifted their price target on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Wells Fargo & Company lifted their target price on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Mizuho lifted their target price on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a research report on Monday, April 1st. Finally, TD Cowen lifted their target price 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. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $186.95.

Chevron Trading Down 0.0 %

Shares of CVX stock opened at $156.71 on Friday. The company’s fifty day simple moving average is $158.85 and its two-hundred day simple moving average is $154.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The stock has a market capitalization of $288.81 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.38 and a beta of 1.10.

Chevron (NYSE:CVX) last issued its 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. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business had revenue of $48.72 billion for the quarter, compared to analysts’ expectations of $48.42 billion. During the same quarter in the previous year, the firm posted $3.55 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, analysts anticipate that Chevron Co. will post 13.15 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $1.63 per share. The ex-dividend date was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.16%. Chevron’s dividend payout ratio (DPR) 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.