American Trust decreased its position in Chevron Co. (NYSE:CVX – Free Report) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,934 shares of the oil and gas company’s stock after selling 132 shares during the quarter. American Trust’s holdings in Chevron were worth $432,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Lantz Financial LLC boosted its stake in shares of Chevron by 2.7% in the second quarter. Lantz Financial LLC now owns 23,334 shares of the oil and gas company’s stock valued at $3,650,000 after purchasing an additional 623 shares during the period. Harrell Investment Partners LLC boosted its position in Chevron by 6.6% in the 2nd quarter. Harrell Investment Partners LLC now owns 9,459 shares of the oil and gas company’s stock valued at $1,480,000 after buying an additional 587 shares during the period. Well Done LLC grew its stake in shares of Chevron by 2.3% in the second quarter. Well Done LLC now owns 4,533 shares of the oil and gas company’s stock worth $709,000 after acquiring an additional 102 shares in the last quarter. CFM Wealth Partners LLC increased its position in shares of Chevron by 7.6% during the second quarter. CFM Wealth Partners LLC now owns 20,383 shares of the oil and gas company’s stock worth $3,188,000 after acquiring an additional 1,434 shares during the period. Finally, Mason & Associates Inc raised its stake in shares of Chevron by 4.3% in the second quarter. Mason & Associates Inc now owns 2,363 shares of the oil and gas company’s stock valued at $370,000 after acquiring an additional 98 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Chevron
In related news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Chevron
Chevron Stock Performance
NYSE CVX opened at $153.87 on Friday. The company has a fifty day moving average of $155.35 and a two-hundred day moving average of $152.43. The company has a market capitalization of $276.52 billion, a PE ratio of 16.91, a P/E/G ratio of 2.98 and a beta of 1.10. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.
Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same quarter in the prior year, the firm earned $3.05 EPS. Chevron’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts expect that Chevron Co. will post 10.5 earnings per share for the current year.
Chevron Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.24%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 71.65%.
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.
Featured Stories
- Five stocks we like better than Chevron
- What is the S&P/TSX Index?
- FinWise Bancorp’s CEO Talks Strategy Behind Fintech Success
- Most Volatile Stocks, What Investors Need to Know
- Broadcom: Turning the Mag 7 Into 8 Trillion-Dollar Tech Giants
- The 3 Best Fintech Stocks to Buy Now
- SoundHound AI: Can Its Meteoric Rise Sustain Into 2025?
Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (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.