Chevron Co. (NYSE:CVX) Position Boosted by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC grew its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 25.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,789 shares of the oil and gas company’s stock after purchasing an additional 359 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Chevron were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Secure Asset Management LLC lifted its stake in Chevron by 15.7% during the first quarter. Secure Asset Management LLC now owns 4,382 shares of the oil and gas company’s stock valued at $713,000 after buying an additional 593 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its stake in Chevron by 26.4% during the first quarter. Guinness Atkinson Asset Management Inc now owns 6,346 shares of the oil and gas company’s stock valued at $1,033,000 after buying an additional 1,326 shares in the last quarter. ACT Wealth Management LLC lifted its stake in Chevron by 3.0% during the first quarter. ACT Wealth Management LLC now owns 4,781 shares of the oil and gas company’s stock valued at $778,000 after buying an additional 140 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Chevron by 4.9% during the first quarter. Verdence Capital Advisors LLC now owns 78,544 shares of the oil and gas company’s stock valued at $12,789,000 after buying an additional 3,681 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE lifted its stake in Chevron by 2.4% during the first quarter. Smithbridge Asset Management Inc. DE now owns 12,278 shares of the oil and gas company’s stock valued at $1,999,000 after buying an additional 290 shares in the last quarter. Institutional investors own 69.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CVX shares. Bank of America upped their price objective on shares of Chevron from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Truist Financial reduced their price objective on shares of Chevron from $170.00 to $166.00 and set a “hold” rating for the company in a research note on Tuesday, July 19th. Morgan Stanley increased their price target on shares of Chevron from $187.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 6th. HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and reduced their price target for the stock from $183.00 to $167.00 in a research report on Wednesday, July 20th. Finally, Cowen increased their price target on shares of Chevron from $119.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.20.

Chevron Price Performance

Shares of CVX opened at $156.45 on Monday. The firm has a market cap of $307.39 billion, a PE ratio of 10.44, a PEG ratio of 0.60 and a beta of 1.15. The firm’s 50 day moving average price is $154.36 and its 200 day moving average price is $160.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.31. Chevron Co. has a twelve month low of $93.31 and a twelve month high of $182.40.

Chevron (NYSE:CVXGet Rating) last announced its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, beating 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 company had revenue of $68.76 billion for the quarter, compared to the consensus estimate of $57.69 billion. During the same quarter last year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 82.9% compared to the same quarter last year. As a group, research analysts expect that Chevron Co. will post 18.4 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $5.68 annualized dividend and a yield of 3.63%. Chevron’s dividend payout ratio (DPR) is presently 37.89%.

Insider Buying and Selling at Chevron

In other Chevron news, Director Wanda M. Austin sold 11,432 shares of the stock in a transaction that occurred on 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 in the company, valued at $574,762. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Wanda M. Austin sold 11,432 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $161.45, for a total value of $1,845,696.40. Following the sale, the director now owns 3,560 shares in the company, valued at $574,762. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Pierre R. Breber sold 22,500 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $158.11, for a total transaction of $3,557,475.00. Following the completion of the sale, the chief financial officer now owns 7 shares in the company, valued at approximately $1,106.77. The disclosure for this sale can be found here. Insiders have sold a total of 141,732 shares of company stock worth $23,024,499 over the last 90 days. Insiders own 0.32% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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