Bogart Wealth LLC Buys 9,999 Shares of Chevron Co. (NYSE:CVX)

Bogart Wealth LLC boosted its stake in Chevron Co. (NYSE:CVX) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,990 shares of the oil and gas company’s stock after buying an additional 9,999 shares during the period. Bogart Wealth LLC’s holdings in Chevron were worth $11,191,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GoalVest Advisory LLC grew its holdings in Chevron by 23.6% in the first quarter. GoalVest Advisory LLC now owns 7,331 shares of the oil and gas company’s stock worth $1,156,000 after purchasing an additional 1,402 shares during the period. Aletheian Wealth Advisors LLC grew its stake in shares of Chevron by 9.6% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 4,976 shares of the oil and gas company’s stock worth $785,000 after buying an additional 434 shares during the last quarter. G&S Capital LLC increased its position in Chevron by 37.3% during the 1st quarter. G&S Capital LLC now owns 29,162 shares of the oil and gas company’s stock valued at $4,600,000 after buying an additional 7,929 shares in the last quarter. Cascade Wealth Advisors Inc purchased a new position in Chevron during the first quarter valued at $242,000. Finally, St. Johns Investment Management Company LLC grew its stake in shares of Chevron by 17.9% in the first quarter. St. Johns Investment Management Company LLC now owns 8,836 shares of the oil and gas company’s stock worth $1,394,000 after acquiring an additional 1,342 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho dropped their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. UBS Group increased their price target on shares of Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Scotiabank decreased their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and cut their target price for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. Finally, Truist Financial decreased their price target on Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $173.07.

Chevron Stock Down 0.0 %

CVX opened at $150.46 on Friday. The firm’s 50 day simple moving average is $146.44 and its two-hundred day simple moving average is $153.45. The company has a market capitalization of $275.18 billion, a PE ratio of 14.90, a PEG ratio of 3.30 and a beta of 1.09. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The company had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. Chevron’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.08 earnings per share. As a group, equities analysts forecast that Chevron Co. will post 10.86 EPS for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Monday, August 19th. Chevron’s payout ratio is 64.55%.

About Chevron

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.