Cetera Investment Advisers Buys 2,069 Shares of Chevron Co. (NYSE:CVX)

Cetera Investment Advisers increased its holdings in Chevron Co. (NYSE:CVX) by 1.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 188,164 shares of the oil and gas company’s stock after purchasing an additional 2,069 shares during the quarter. Cetera Investment Advisers’ holdings in Chevron were worth $30,701,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CVX. Cantor Fitzgerald Investment Advisor L.P raised its stake in Chevron by 85.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 159,115 shares of the oil and gas company’s stock worth $25,908,000 after buying an additional 73,141 shares in the last quarter. Axiom Financial Strategies LLC increased its position in shares of Chevron by 25.2% during the first quarter. Axiom Financial Strategies LLC now owns 7,335 shares of the oil and gas company’s stock worth $1,155,000 after purchasing an additional 1,476 shares in the last quarter. GQG Partners LLC increased its position in shares of Chevron by 4.7% during the first quarter. GQG Partners LLC now owns 40,538 shares of the oil and gas company’s stock worth $6,598,000 after purchasing an additional 1,813 shares in the last quarter. Lumature Wealth Partners LLC increased its position in shares of Chevron by 43.5% during the first quarter. Lumature Wealth Partners LLC now owns 5,837 shares of the oil and gas company’s stock worth $950,000 after purchasing an additional 1,770 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Chevron by 13.8% during the first quarter. First Trust Advisors LP now owns 2,068,600 shares of the oil and gas company’s stock worth $336,830,000 after purchasing an additional 250,840 shares in the last quarter. Institutional investors own 68.87% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, CFO Pierre R. Breber sold 25,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $164.00, for a total value of $4,100,000.00. Following the completion of the transaction, the chief financial officer now owns 6,021 shares in the company, valued at $987,444. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total value of $603,300.00. Following the completion of the transaction, the vice president now owns 1,718 shares in the company, valued at $276,391.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Pierre R. Breber sold 25,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $164.00, for a total transaction of $4,100,000.00. Following the transaction, the chief financial officer now owns 6,021 shares of the company’s stock, valued at approximately $987,444. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Chevron Stock Performance

NYSE:CVX traded up $0.57 during mid-day trading on Friday, hitting $167.21. The company’s stock had a trading volume of 7,435,923 shares, compared to its average volume of 6,289,499. Chevron Co. has a 1 year low of $140.46 and a 1 year high of $189.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.43 and a quick ratio of 1.13. The stock has a market cap of $312.22 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.89 and a beta of 1.18. The business’s fifty day moving average is $159.75 and its two-hundred day moving average is $160.01.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.95 by $0.13. The company had revenue of $48.90 billion for the quarter, compared to analyst estimates of $48 billion. Chevron had a net margin of 13.54% and a return on equity of 19.48%. The firm’s revenue was down 28.9% on a year-over-year basis. During the same period in the prior year, the company earned $5.82 earnings per share. Analysts anticipate that Chevron Co. will post 13.19 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be given a $1.51 dividend. The ex-dividend date is Thursday, August 17th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 3.61%. Chevron’s dividend payout ratio (DPR) is currently 38.30%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CVX shares. Royal Bank of Canada raised Chevron from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $180.00 in a research report on Thursday, June 1st. UBS Group upped their price target on Chevron from $202.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. JPMorgan Chase & Co. raised shares of Chevron from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $161.00 to $170.00 in a report on Wednesday, May 31st. HSBC boosted their price objective on shares of Chevron from $180.00 to $184.00 in a report on Wednesday, August 9th. Finally, Morgan Stanley boosted their price objective on shares of Chevron from $197.00 to $198.00 and gave the company an “equal weight” rating in a report on Friday, August 18th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.28.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. 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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.