Captrust Financial Advisors Acquires 12,688 Shares of Chevron Co. (NYSE:CVX)

Captrust Financial Advisors raised its stake in Chevron Co. (NYSE:CVX) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,084,013 shares of the oil and gas company’s stock after buying an additional 12,688 shares during the quarter. Captrust Financial Advisors owned about 0.06% of Chevron worth $159,643,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CVX. Kingfisher Capital LLC boosted its position in Chevron by 1.5% during the 3rd quarter. Kingfisher Capital LLC now owns 5,440 shares of the oil and gas company’s stock worth $801,000 after acquiring an additional 82 shares during the last quarter. CWS Financial Advisors LLC lifted its position in shares of Chevron by 18.5% in the third quarter. CWS Financial Advisors LLC now owns 5,071 shares of the oil and gas company’s stock worth $747,000 after purchasing an additional 790 shares in the last quarter. Providence Wealth Advisors LLC boosted its holdings in Chevron by 1.1% during the third quarter. Providence Wealth Advisors LLC now owns 14,113 shares of the oil and gas company’s stock worth $2,114,000 after purchasing an additional 150 shares during the last quarter. Martingale Asset Management L P grew its position in Chevron by 2.8% in the third quarter. Martingale Asset Management L P now owns 183,259 shares of the oil and gas company’s stock valued at $26,989,000 after purchasing an additional 4,924 shares in the last quarter. Finally, Peterson Wealth Management lifted its position in Chevron by 1.8% during the 3rd quarter. Peterson Wealth Management now owns 8,362 shares of the oil and gas company’s stock worth $1,232,000 after buying an additional 149 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays raised their price objective on Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Royal Bank of Canada raised their price target on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Tuesday, November 5th. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $185.00 in a report on Tuesday. Finally, UBS Group increased their price target on shares of Chevron from $192.00 to $194.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $175.56.

Chevron Stock Down 0.3 %

Chevron stock opened at $162.11 on Friday. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The stock has a market cap of $291.33 billion, a P/E ratio of 17.81, a P/E/G ratio of 3.58 and a beta of 1.09. The company’s 50-day moving average price is $153.03 and its two-hundred day moving average price is $152.62. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.05 earnings per share. As a group, analysts expect that Chevron Co. will post 10.53 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.02%. Chevron’s payout ratio is presently 71.65%.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

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.