2,157 Shares in Chevron Co. (NYSE:CVX) Purchased by Hilton Capital Management LLC

Hilton Capital Management LLC purchased a new position in Chevron Co. (NYSE:CVXGet Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,157 shares of the oil and gas company’s stock, valued at approximately $351,000.

A number of other large investors also recently bought and sold shares of CVX. Quadrant Capital Group LLC raised its holdings in shares of Chevron by 6.9% during the first quarter. Quadrant Capital Group LLC now owns 15,613 shares of the oil and gas company’s stock valued at $2,542,000 after acquiring an additional 1,012 shares during the last quarter. Sargent Investment Group LLC raised its holdings in shares of Chevron by 1.2% during the first quarter. Sargent Investment Group LLC now owns 8,723 shares of the oil and gas company’s stock valued at $1,420,000 after acquiring an additional 100 shares during the last quarter. Omnia Family Wealth LLC acquired a new position in shares of Chevron during the first quarter valued at approximately $269,000. Cadent Capital Advisors LLC raised its holdings in shares of Chevron by 16.0% during the first quarter. Cadent Capital Advisors LLC now owns 2,949 shares of the oil and gas company’s stock valued at $480,000 after acquiring an additional 406 shares during the last quarter. Finally, Klingman & Associates LLC acquired a new position in shares of Chevron during the first quarter valued at approximately $591,000. Institutional investors and hedge funds own 65.89% of the company’s stock.

Chevron Stock Down 2.7 %

Shares of NYSE CVX opened at $151.14 on Friday. The stock has a market cap of $296.96 billion, a P/E ratio of 10.08, a PEG ratio of 0.63 and a beta of 1.15. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Chevron Co. has a 12-month low of $92.86 and a 12-month high of $182.40. The business’s fifty day simple moving average is $154.86 and its 200-day simple moving average is $155.19.

Chevron (NYSE:CVXGet Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $1.16. The business had revenue of $68.76 billion for the quarter, compared to analysts’ expectations of $57.69 billion. Chevron had a return on equity of 20.19% and a net margin of 13.45%. The company’s revenue for the quarter was up 82.9% compared to the same quarter last year. During the same period last year, the firm earned $1.71 earnings per share. As a group, equities analysts predict that Chevron Co. will post 17.51 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 19th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, August 18th. Chevron’s dividend payout ratio is presently 37.89%.

Insider Transactions at Chevron

In other news, Director Wanda M. Austin sold 11,432 shares of Chevron stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the sale, the director now owns 3,560 shares in the company, valued at $574,762. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Wanda M. Austin sold 11,432 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the transaction, the director now owns 3,560 shares of the company’s stock, valued at $574,762. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Wanda M. Austin sold 12,039 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $177.29, for a total value of $2,134,394.31. Following the transaction, the director now directly owns 3,543 shares in the company, valued at approximately $628,138.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 399,043 shares of company stock worth $67,010,843. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CVX. Truist Financial reduced their target price on Chevron from $170.00 to $166.00 and set a “hold” rating for the company in a report on Tuesday, July 19th. Cowen cut their price target on Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, July 1st. Citigroup cut their price target on Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. Credit Suisse Group increased their price target on Chevron from $190.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, June 9th. Finally, Raymond James increased their price target on Chevron from $173.00 to $191.00 and gave the company an “outperform” rating in a report on Monday, April 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

About Chevron

(Get Rating)

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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