Roberts Glore & Co. Inc. IL Buys Shares of 3,364 Chevron Corporation $CVX

Roberts Glore & Co. Inc. IL purchased a new stake in Chevron Corporation (NYSE:CVXFree Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 3,364 shares of the oil and gas company’s stock, valued at approximately $558,000.

Several other hedge funds have also recently modified their holdings of CVX. Midwest Capital Advisors LLC bought a new position in Chevron in the first quarter worth approximately $25,000. Core Wealth Advisors LLC bought a new position in shares of Chevron in the 4th quarter worth $26,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron during the 4th quarter worth $26,000. Basso Capital Management L.P. bought a new stake in Chevron during the fourth quarter valued at about $27,000. Finally, Karpus Management Inc. purchased a new position in Chevron in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael K. Wirth sold 317,100 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Benjamin Walz sold 16,800 shares of Chevron stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the transaction, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last ninety days. Insiders own 0.56% of the company’s stock.

Chevron Trading Down 1.5%

NYSE CVX opened at $199.98 on Wednesday. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The company has a market capitalization of $395.12 billion, a PE ratio of 19.17, a P/E/G ratio of 0.61 and a beta of 0.49. The company has a fifty day moving average of $185.88 and a 200 day moving average of $188.48.

Chevron (NYSE:CVXGet Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the firm earned $1.77 EPS. Research analysts forecast that Chevron Corporation will post 16.17 earnings per share 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 issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CVX shares. Wall Street Zen raised Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group restated a “buy” rating and issued a $216.00 target price on shares of Chevron in a research note on Friday, July 10th. Zacks Research lowered Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Finally, Piper Sandler started coverage on Chevron in a report on Thursday, July 23rd. They set an “overweight” rating and a $207.00 target price for the company. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.48.

Get Our Latest Report on Chevron

About Chevron

(Free Report)

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.

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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:CVXFree Report).

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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