Vanguard Capital Wealth Advisors Has $562,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Vanguard Capital Wealth Advisors increased its position in Chevron Co. (NYSE:CVX) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,565 shares of the oil and gas company’s stock after purchasing an additional 225 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Chevron were worth $562,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CVX. Caxton Associates LP bought a new stake in Chevron in the third quarter valued at about $207,000. Richard Bernstein Advisors LLC increased its stake in shares of Chevron by 183.2% in the 3rd quarter. Richard Bernstein Advisors LLC now owns 53,174 shares of the oil and gas company’s stock valued at $8,966,000 after acquiring an additional 34,398 shares during the last quarter. Dempze Nancy E boosted its stake in Chevron by 6.9% during the 3rd quarter. Dempze Nancy E now owns 4,617 shares of the oil and gas company’s stock worth $779,000 after acquiring an additional 300 shares during the last quarter. Waverly Advisors LLC boosted its stake in Chevron by 34.6% during the 3rd quarter. Waverly Advisors LLC now owns 35,392 shares of the oil and gas company’s stock worth $5,968,000 after acquiring an additional 9,095 shares during the last quarter. Finally, Blackstone Inc. grew its holdings in Chevron by 76.2% during the third quarter. Blackstone Inc. now owns 13,529 shares of the oil and gas company’s stock valued at $2,281,000 after purchasing an additional 5,851 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CVX shares. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a research report on Monday, April 1st. Mizuho boosted their target price on Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Piper Sandler raised their price target on Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Wells Fargo & Company boosted their price objective on Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Truist Financial lifted their price target on shares of Chevron from $156.00 to $166.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Five equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.95.

Chevron Stock Up 0.6 %

CVX stock traded up $0.89 during trading on Friday, reaching $157.21. The stock had a trading volume of 1,676,994 shares, compared to its average volume of 8,003,218. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $289.73 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 2.37 and a beta of 1.12. Chevron Co. has a one year low of $139.62 and a one year high of $171.70. The company’s 50 day moving average is $159.32 and its two-hundred day moving average is $154.52.

Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.09. The company had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. Chevron’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.55 earnings per share. Equities research analysts forecast that Chevron Co. will post 13.15 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, May 16th. Chevron’s payout ratio is 59.98%.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the sale, the vice president now owns 276 shares in the company, valued at $44,184.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company’s stock, valued at $44,184.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.50, for a total value of $833,523.00. Following the transaction, the director now directly owns 2,549 shares in the company, valued at approximately $416,761.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,546 shares of company stock valued at $3,176,223. 0.20% of the stock is owned by insiders.

About Chevron

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.