Foster Victor Wealth Advisors LLC Buys New Position in Chevron Co. (NYSE:CVX)



Foster Victor Wealth Advisors LLC bought a new stake in Chevron Co. (NYSE:CVX – Get Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,234 shares of the oil and gas company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advocacy Wealth Management Services LLC boosted its holdings in Chevron by 30.7% in the first quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 69 shares in the last quarter. Evanson Asset Management LLC boosted its holdings in Chevron by 0.4% in the first quarter. Evanson Asset Management LLC now owns 16,341 shares of the oil and gas company’s stock valued at $2,661,000 after acquiring an additional 70 shares in the last quarter. Red Spruce Capital LLC boosted its holdings in Chevron by 1.0% in the first quarter. Red Spruce Capital LLC now owns 7,213 shares of the oil and gas company’s stock valued at $1,174,000 after acquiring an additional 71 shares in the last quarter. Roble Belko & Company Inc boosted its holdings in Chevron by 26.6% in the fourth quarter. Roble Belko & Company Inc now owns 352 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 74 shares in the last quarter. Finally, Altavista Wealth Management Inc. boosted its holdings in Chevron by 0.8% in the fourth quarter. Altavista Wealth Management Inc. Now owns 9,265 shares of the oil and gas company’s stock valued at $1,087,000 after acquiring an additional 75 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Enrique Hernandez, Jr. sold 5,805 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $160.00, for a total transaction of $928,800.00. Following the completion of the transaction, the director now directly owns 22,978 shares in the company, valued at approximately $3,676,480. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Wanda M. Austin sold 12,039 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 3,543 shares of the company’s stock, valued at $628,138.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 561,726 shares of company stock valued at $94,057,396. 0.32% of the stock is currently owned by corporate insiders.

NYSE CVX opened at $147.57 on Tuesday. Chevron Co. has a 52 week low of $92.86 and a 52 week high of $182.40. The firm has a market capitalization of $289.95 billion, a P/E ratio of 13.87, a PEG ratio of 0.63 and a beta of 1.09. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $165.76 and a 200-day moving average price of $150.47.

Chevron (NYSE:CVX – Get Rating) last announced its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.08). The company had revenue of $54.37 billion for the quarter, compared to the consensus estimate of $54.96 billion. Chevron had a net margin of 11.10% and a return on equity of 14.66%. The company’s revenue was up 69.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, equities research analysts anticipate that Chevron Co. will post 17.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 19th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Wednesday, May 18th. This represents a $5.68 dividend on an annual basis and a dividend yield of 3.85%. Chevron’s dividend payout ratio (DPR) is presently 53.38%.

Several research firms recently weighed in on CVX. Trust Financial cut their price target on shares of Chevron from $186.00 to $181.00 in a report on Monday, May 2nd. Cowen boosted their target price on shares of Chevron from $165.00 to $179.00 in a report on Tuesday, June 7th. BMO Capital Markets boosted their target price on shares of Chevron from $140.00 to $170.00 in a report on Wednesday, March 2nd. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Wednesday, March 2nd. Finally, UBS Group boosted their target price on shares of Chevron from $150.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.57.

Chevron Profile (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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