Oxbow Advisors LLC Buys 2,815 Shares of Chevron Corporation $CVX

Oxbow Advisors LLC boosted its stake in Chevron Corporation (NYSE:CVXFree Report) by 3.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 87,234 shares of the oil and gas company’s stock after buying an additional 2,815 shares during the period. Chevron makes up 1.2% of Oxbow Advisors LLC’s portfolio, making the stock its 15th largest holding. Oxbow Advisors LLC’s holdings in Chevron were worth $13,295,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Strategic Wealth Advisors LLC bought a new position in shares of Chevron during the fourth quarter worth approximately $33,000. Decker Retirement Planning Inc. bought a new stake in Chevron in the 3rd quarter valued at $34,000. Marquette Asset Management LLC acquired a new position in Chevron in the 3rd quarter valued at $41,000. Daytona Street Capital LLC bought a new position in Chevron during the 4th quarter worth $44,000. Finally, Maseco LLP acquired a new stake in shares of Chevron during the fourth quarter worth $49,000. 72.42% of the stock is owned by institutional investors.

Chevron Trading Down 0.6%

Shares of CVX opened at $181.37 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 52-week low of $133.77 and a 52-week high of $214.71. The firm has a market cap of $361.35 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 0.63 and a beta of 0.51. The business’s fifty day moving average is $193.21 and its 200-day moving average is $172.09.

Chevron (NYSE:CVXGet Free Report) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 7.01% and a net margin of 5.79%.Chevron’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.18 EPS. Equities analysts anticipate that Chevron Corporation will post 15.02 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is presently 123.40%.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 195,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $184.78, for a total value of $36,032,100.00. Following the sale, the director owned 658,045 shares in the company, valued at $121,593,555.10. This trade represents a 22.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 816,439 shares of company stock worth $154,339,900 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 20th. Argus set a $203.00 price objective on shares of Chevron in a report on Tuesday, February 3rd. Mizuho raised their price target on Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, Wells Fargo & Company upped their price objective on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $202.74.

Check Out Our Latest Research Report on CVX

Chevron News Summary

Here are the key news stories impacting Chevron this week:

Chevron Company Profile

(Free Report)

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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