Lee Johnson Capital Management LLC Has $2.09 Million Position in Chevron Co. (NYSE:CVX)

Lee Johnson Capital Management LLC grew its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,429 shares of the oil and gas company’s stock after purchasing an additional 405 shares during the quarter. Chevron comprises approximately 2.5% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Lee Johnson Capital Management LLC’s holdings in Chevron were worth $2,089,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CVX. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Chevron by 2.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 40,143 shares of the oil and gas company’s stock worth $4,711,000 after purchasing an additional 977 shares during the last quarter. Pitcairn Co. raised its holdings in Chevron by 2.1% during the 4th quarter. Pitcairn Co. now owns 15,055 shares of the oil and gas company’s stock worth $1,767,000 after purchasing an additional 311 shares during the last quarter. Mmbg Investment Advisors CO. bought a new position in Chevron during the 4th quarter worth approximately $305,000. IHT Wealth Management LLC raised its holdings in Chevron by 2.8% during the 4th quarter. IHT Wealth Management LLC now owns 14,863 shares of the oil and gas company’s stock worth $1,744,000 after purchasing an additional 409 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Chevron by 8.5% in the 4th quarter. LPL Financial LLC now owns 1,656,719 shares of the oil and gas company’s stock valued at $194,416,000 after acquiring an additional 130,318 shares in the last quarter. Institutional investors own 69.30% of the company’s stock.

Insider Buying and Selling

In related news, Director Wanda M. Austin sold 11,432 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Wanda M. Austin sold 11,432 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James William Johnson sold 85,300 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $164.01, for a total transaction of $13,990,053.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,732 shares of company stock valued at $23,024,499. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Cowen lifted their price objective on shares of Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Wells Fargo & Company lifted their price objective on shares of Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Morgan Stanley lifted their price objective on shares of Chevron from $187.00 to $193.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 6th. Citigroup lowered their price objective on shares of Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 13th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $202.00 price objective on shares of Chevron in a research note on Thursday, August 11th. 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 stock. According to data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and a consensus price target of $169.20.

Chevron Price Performance

CVX opened at $154.89 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.11. The company has a market capitalization of $304.33 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.60 and a beta of 1.15. The firm’s fifty day moving average price is $155.74 and its two-hundred day moving average price is $160.31. Chevron Co. has a 1 year low of $97.75 and a 1 year high of $182.40.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. The firm had revenue of $68.76 billion for the quarter, compared to the consensus estimate of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 19.73%. The business’s revenue for the quarter was up 82.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 EPS. As a group, analysts anticipate that Chevron Co. will post 18.37 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, August 18th. Chevron’s dividend payout ratio (DPR) is currently 37.89%.

Chevron Profile

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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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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