Brighton Jones LLC Has $3.33 Million Position in Chevron Co. (NYSE:CVX)

Brighton Jones LLC grew its stake in Chevron Co. (NYSE:CVX) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,326 shares of the oil and gas company’s stock after buying an additional 740 shares during the period. Brighton Jones LLC’s holdings in Chevron were worth $3,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. raised its stake in shares of Chevron by 2.6% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 8,019 shares of the oil and gas company’s stock valued at $1,352,000 after purchasing an additional 206 shares during the period. Riversedge Advisors LLC lifted its position in shares of Chevron by 19.5% in the third quarter. Riversedge Advisors LLC now owns 4,211 shares of the oil and gas company’s stock worth $710,000 after buying an additional 688 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Chevron by 44.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 12,736 shares of the oil and gas company’s stock worth $2,148,000 after purchasing an additional 3,897 shares during the period. Alta Wealth Advisors LLC increased its holdings in shares of Chevron by 463.2% in the 3rd quarter. Alta Wealth Advisors LLC now owns 8,871 shares of the oil and gas company’s stock valued at $1,496,000 after acquiring an additional 7,296 shares during the period. Finally, Connecticut Wealth Management LLC grew its stake in shares of Chevron by 88.4% during the third quarter. Connecticut Wealth Management LLC now owns 8,123 shares of the oil and gas company’s stock worth $1,370,000 after acquiring an additional 3,811 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total transaction of $462,000.00. Following the sale, the vice president now directly owns 276 shares in the company, valued at approximately $45,540. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Chevron Price Performance

Shares of NYSE CVX traded down $5.06 during mid-day trading on Tuesday, hitting $161.27. 8,382,708 shares of the company’s stock traded hands, compared to its average volume of 8,454,227. The company has a market capitalization of $299.52 billion, a P/E ratio of 15.07, a PEG ratio of 2.44 and a beta of 1.12. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The company’s 50-day moving average is $156.81 and its two-hundred day moving average is $151.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The business had revenue of $48.72 billion for the quarter, compared to analysts’ expectations of $48.42 billion. During the same period last year, the business earned $3.55 EPS. The company’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Chevron Co. will post 13.58 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a $1.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.04%. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Analyst Ratings Changes

CVX has been the subject of a number of recent research reports. TD Cowen increased their target price on shares of Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Monday. Truist Financial lowered their target price on shares of Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Jefferies Financial Group upgraded Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research report on Monday, January 8th. Wells Fargo & Company raised their target price on shares of Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $185.35.

Chevron Company 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; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.