FRG Family Wealth Advisors LLC Raises Stock Holdings in Chevron Co. (NYSE:CVX)

FRG Family Wealth Advisors LLC grew its stake in Chevron Co. (NYSE:CVXGet Rating) by 2.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,984 shares of the oil and gas company’s stock after buying an additional 200 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Chevron were worth $1,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Your Advocates Ltd. LLP purchased a new stake in shares of Chevron during the first quarter worth about $25,000. Rational Advisors LLC grew its position in shares of Chevron by 116.3% during the fourth quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 121 shares in the last quarter. Curi Wealth Management LLC purchased a new stake in shares of Chevron during the fourth quarter worth about $30,000. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Chevron during the first quarter worth about $30,000. Finally, Landmark Wealth Management LLC purchased a new stake in shares of Chevron during the first quarter worth about $34,000. Hedge funds and other institutional investors own 65.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Societe Generale raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Thursday. Credit Suisse Group upped their price target on shares of Chevron from $190.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, June 9th. Royal Bank of Canada downgraded shares of Chevron from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $160.00 to $165.00 in a research note on Thursday, April 21st. Finally, Raymond James upped their price target on shares of Chevron from $173.00 to $191.00 and gave the company an “outperform” rating in a research note on Monday, April 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus target price of $173.00.

Insiders Place Their Bets

In other Chevron news, EVP Mark A. Nelson sold 117,400 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the transaction, the executive vice president now directly owns 788 shares in the company, valued at approximately $125,662.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Chevron news, insider David A. Inchausti sold 5,600 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $164.85, for a total transaction of $923,160.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark A. Nelson sold 117,400 shares of the stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the transaction, the executive vice president now owns 788 shares in the company, valued at $125,662.36. The disclosure for this sale can be found here. Insiders have sold a total of 399,043 shares of company stock worth $67,010,843 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Chevron Trading Up 1.7 %

NYSE CVX opened at $153.64 on Friday. The company’s 50-day moving average price is $154.37 and its 200-day moving average price is $155.35. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. The stock has a market cap of $301.87 billion, a PE ratio of 10.25, a PEG ratio of 0.61 and a beta of 1.15. Chevron Co. has a 12 month low of $92.86 and a 12 month high of $182.40.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. The firm had revenue of $68.76 billion for the quarter, compared to analysts’ expectations of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 20.19%. The business’s revenue for the quarter was up 82.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. Equities research analysts forecast that Chevron Co. will post 17.51 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 19th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, August 18th. Chevron’s payout ratio is presently 37.89%.

Chevron Company Profile

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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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