Chevron Corporation $CVX Shares Bought by Callan Family Office LLC

Callan Family Office LLC grew its position in shares of Chevron Corporation (NYSE:CVX) by 82.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 64,898 shares of the oil and gas company’s stock after acquiring an additional 29,234 shares during the period. Callan Family Office LLC’s holdings in Chevron were worth $9,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in Chevron by 27.3% in the first quarter. GAMMA Investing LLC now owns 32,329 shares of the oil and gas company’s stock valued at $5,408,000 after purchasing an additional 6,928 shares during the last quarter. Zhang Financial LLC lifted its holdings in Chevron by 58.4% during the 1st quarter. Zhang Financial LLC now owns 5,507 shares of the oil and gas company’s stock worth $921,000 after buying an additional 2,030 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in Chevron by 45.2% during the 1st quarter. Simon Quick Advisors LLC now owns 11,184 shares of the oil and gas company’s stock worth $1,871,000 after buying an additional 3,481 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Chevron by 6.6% in the 1st quarter. Greenwood Capital Associates LLC now owns 15,471 shares of the oil and gas company’s stock worth $2,588,000 after purchasing an additional 959 shares during the last quarter. Finally, apricus wealth LLC lifted its holdings in shares of Chevron by 2.8% in the 1st quarter. apricus wealth LLC now owns 32,500 shares of the oil and gas company’s stock worth $5,437,000 after purchasing an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insiders Place Their Bets

In other news, VP Alana K. Knowles sold 3,978 shares of Chevron stock in a transaction on Friday, August 29th. The stock was sold at an average price of $160.00, for a total transaction of $636,480.00. Following the transaction, the vice president owned 1,181 shares in the company, valued at approximately $188,960. The trade was a 77.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John B. Hess sold 375,000 shares of Chevron stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the transaction, the director owned 1,403,045 shares in the company, valued at $222,102,023.50. This represents a 21.09% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Chevron Stock Performance

Shares of NYSE CVX opened at $151.63 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $262.02 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.98 and a beta of 0.84. The stock’s fifty day simple moving average is $156.15 and its 200 day simple moving average is $148.79. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96.

Chevron (NYSE:CVX) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. The business had revenue of $44.82 billion for the quarter, compared to analysts’ expectations of $44.59 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.55 EPS. As a group, sell-side analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, August 19th. Chevron’s payout ratio is presently 88.03%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CVX shares. Melius Research started coverage on Chevron in a report on Wednesday, August 20th. They issued a “hold” rating and a $155.00 price target on the stock. Barclays lowered their price target on Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Mizuho lowered their price target on Chevron from $192.00 to $191.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Evercore ISI reiterated an “outperform” rating and set a $180.00 price target on shares of Chevron in a research report on Thursday, July 31st. Finally, Scotiabank lifted their price target on Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $165.40.

Chevron 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.