Chevron Co. (NYSE:CVX) Stake Boosted by NTV Asset Management LLC

NTV Asset Management LLC increased its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,609 shares of the oil and gas company’s stock after purchasing an additional 650 shares during the quarter. NTV Asset Management LLC’s holdings in Chevron were worth $4,007,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Clarity Financial LLC grew its holdings in Chevron by 2.2% during the first quarter. Clarity Financial LLC now owns 2,790 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 61 shares during the period. SYM FINANCIAL Corp grew its holdings in Chevron by 3.4% during the first quarter. SYM FINANCIAL Corp now owns 1,895 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 62 shares during the period. LCM Capital Management Inc grew its holdings in Chevron by 0.9% during the first quarter. LCM Capital Management Inc now owns 7,306 shares of the oil and gas company’s stock worth $1,190,000 after acquiring an additional 63 shares during the period. John G Ullman & Associates Inc. grew its holdings in Chevron by 1.1% during the first quarter. John G Ullman & Associates Inc. now owns 6,002 shares of the oil and gas company’s stock worth $977,000 after acquiring an additional 67 shares during the period. Finally, SMH Capital Advisors Inc. grew its holdings in Chevron by 1.7% during the first quarter. SMH Capital Advisors Inc. now owns 4,108 shares of the oil and gas company’s stock worth $669,000 after acquiring an additional 68 shares during the period. 65.89% of the stock is currently owned by institutional investors.

Chevron Stock Up 1.7 %

Shares of Chevron stock opened at $153.64 on Friday. The stock has a 50-day simple moving average of $154.37 and a 200-day simple moving average of $155.35. Chevron Co. has a 52-week low of $92.86 and a 52-week high of $182.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.43 and a quick ratio of 1.22. The firm has a market cap of $301.87 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 0.61 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping the consensus estimate of $4.66 by $1.16. Chevron had a return on equity of 20.19% and a net margin of 13.45%. The firm had revenue of $68.76 billion during the quarter, compared to analyst estimates of $57.69 billion. During the same period in the previous year, the company earned $1.71 EPS. The company’s revenue for the quarter was up 82.9% on a year-over-year basis. On average, equities research analysts expect that Chevron Co. will post 17.51 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 19th will be issued a $1.42 dividend. The ex-dividend date is Thursday, August 18th. This represents a $5.68 annualized dividend and a yield of 3.70%. Chevron’s dividend payout ratio (DPR) is currently 37.89%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CVX shares. Truist Financial lowered their target price on Chevron from $170.00 to $166.00 and set a “hold” rating on the stock in a report on Tuesday, July 19th. Cowen dropped their price target on Chevron from $179.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, July 1st. Citigroup dropped their price target on Chevron from $170.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 13th. Credit Suisse Group lifted their price target on Chevron from $190.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, June 9th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $172.00 price target on shares of Chevron in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.00.

Insider Buying and Selling

In related news, Director Wanda M. Austin sold 11,432 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $161.45, for a total value of $1,845,696.40. Following the completion of the sale, the director now directly owns 3,560 shares in the company, valued at approximately $574,762. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Chevron news, Director Wanda M. Austin sold 11,432 shares of Chevron stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $161.45, for a total value of $1,845,696.40. Following the transaction, the director now directly owns 3,560 shares of the company’s stock, valued at approximately $574,762. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Enrique Hernandez, Jr. sold 39,773 shares of Chevron stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $173.99, for a total value of $6,920,104.27. Following the completion of the transaction, the director now directly owns 22,978 shares in the company, valued at $3,997,942.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 399,043 shares of company stock worth $67,010,843. 0.32% of the stock is currently owned by insiders.

Chevron Company Profile

(Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

Featured Stories

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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.