Uniting Wealth Partners LLC bought a new position in shares of Chevron Corporation (NYSE:CVX – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 6,386 shares of the oil and gas company’s stock, valued at approximately $1,058,000.
Several other institutional investors also recently bought and sold shares of the stock. Midwest Capital Advisors LLC acquired a new position in shares of Chevron during the 1st quarter valued at about $25,000. Core Wealth Advisors LLC bought a new position in shares of Chevron in the 4th quarter valued at approximately $26,000. Phillip James Consulting Co. acquired a new stake in Chevron in the 4th quarter worth approximately $26,000. Basso Capital Management L.P. acquired a new stake in Chevron in the 4th quarter worth approximately $27,000. Finally, Karpus Management Inc. bought a new stake in Chevron during the fourth quarter worth approximately $27,000. 72.42% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Chevron
In other news, CEO Michael K. Wirth sold 5,547 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total transaction of $1,037,289.00. Following the transaction, the chief executive officer owned 26,308 shares in the company, valued at approximately $4,919,596. The trade was a 17.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John B. Hess sold 710,665 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the transaction, the director directly owned 363,711 shares of the company’s stock, valued at $70,596,305.10. This represents a 66.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,196,212 shares of company stock valued at $231,819,366. Corporate insiders own 0.56% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on Chevron
Chevron Stock Performance
Shares of NYSE CVX opened at $199.99 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $183.30 and its two-hundred day moving average is $187.01. The company has a market cap of $395.13 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.61 and a beta of 0.49. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $214.71.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.Chevron’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 earnings per share. On average, equities analysts expect that Chevron Corporation will post 15.86 EPS for the current year.
Chevron Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.
Chevron Company Profile
Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.
Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.
Featured Articles
- Five stocks we like better than Chevron
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
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).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
