Johnson Bixby & Associates LLC Buys 602 Shares of Chevron Co. (NYSE:CVX)

Johnson Bixby & Associates LLC increased its stake in shares of Chevron Co. (NYSE:CVXGet Rating) by 37.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,205 shares of the oil and gas company’s stock after acquiring an additional 602 shares during the period. Johnson Bixby & Associates LLC’s holdings in Chevron were worth $319,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CVX. Kayne Anderson Rudnick Investment Management LLC increased its position in Chevron by 2.5% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 40,143 shares of the oil and gas company’s stock worth $4,711,000 after buying an additional 977 shares during the last quarter. Pitcairn Co. increased its position in Chevron by 2.1% during the fourth quarter. Pitcairn Co. now owns 15,055 shares of the oil and gas company’s stock worth $1,767,000 after buying an additional 311 shares during the last quarter. Mmbg Investment Advisors CO. acquired a new position in Chevron during the fourth quarter worth approximately $305,000. IHT Wealth Management LLC increased its position in Chevron by 2.8% during the fourth quarter. IHT Wealth Management LLC now owns 14,863 shares of the oil and gas company’s stock worth $1,744,000 after buying an additional 409 shares during the last quarter. Finally, LPL Financial LLC increased its position in Chevron by 8.5% during the fourth quarter. LPL Financial LLC now owns 1,656,719 shares of the oil and gas company’s stock worth $194,416,000 after buying an additional 130,318 shares during the last quarter. Institutional investors own 69.30% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, EVP James William Johnson sold 85,300 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $164.01, for a total transaction of $13,990,053.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chevron news, EVP James William Johnson sold 85,300 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $164.01, for a total transaction of $13,990,053.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Pierre R. Breber sold 22,500 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $158.11, for a total value of $3,557,475.00. Following the completion of the transaction, the chief financial officer now owns 7 shares of the company’s stock, valued at $1,106.77. The disclosure for this sale can be found here. Insiders sold 141,732 shares of company stock worth $23,024,499 over the last three months. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup lowered their price target on Chevron from $170.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 13th. The Goldman Sachs Group reissued a “neutral” rating and set a $172.00 price target on shares of Chevron in a research report on Thursday, August 4th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $202.00 target price on shares of Chevron in a research report on Thursday, August 11th. Wells Fargo & Company upped their target price on Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, August 1st. Finally, Morgan Stanley upped their target price on Chevron from $187.00 to $193.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $169.20.

Chevron Trading Down 0.1 %

Shares of CVX stock opened at $154.89 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The stock has a market cap of $304.33 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15. The stock has a 50 day simple moving average of $155.74 and a 200 day simple moving average of $160.31. Chevron Co. has a 1 year low of $97.75 and a 1 year high of $182.40.

Chevron (NYSE:CVXGet Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping the consensus estimate of $4.66 by $1.16. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The firm had revenue of $68.76 billion during the quarter, compared to analysts’ expectations of $57.69 billion. During the same period in the prior year, the company earned $1.71 earnings per share. The company’s quarterly revenue was up 82.9% on a year-over-year basis. On average, research analysts predict that Chevron Co. will post 18.37 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, August 18th. Chevron’s payout ratio is presently 37.89%.

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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