Chevron Co. (NYSE:CVX) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its stake in Chevron Co. (NYSE:CVX) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,493,739 shares of the oil and gas company’s stock after purchasing an additional 45,076 shares during the period. First Trust Advisors LP’s holdings in Chevron were worth $177,157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CVX. Nuveen Asset Management LLC boosted its stake in Chevron by 2,073.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 14,886,232 shares of the oil and gas company’s stock worth $1,852,443,000 after purchasing an additional 14,201,379 shares in the last quarter. BlackRock Inc. boosted its stake in Chevron by 3.5% in the 2nd quarter. BlackRock Inc. now owns 131,522,440 shares of the oil and gas company’s stock worth $16,366,651,000 after purchasing an additional 4,401,622 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in Chevron by 12,204.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,259,805 shares of the oil and gas company’s stock worth $325,980,000 after purchasing an additional 3,233,312 shares in the last quarter. APG Asset Management N.V. boosted its stake in Chevron by 59.6% in the 2nd quarter. APG Asset Management N.V. now owns 5,518,090 shares of the oil and gas company’s stock worth $602,978,000 after purchasing an additional 2,061,187 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Chevron by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 157,513,617 shares of the oil and gas company’s stock worth $19,600,995,000 after purchasing an additional 1,572,940 shares in the last quarter. Institutional investors own 65.68% of the company’s stock.

CVX traded down $0.96 during trading on Friday, reaching $120.93. 4,223,607 shares of the company’s stock were exchanged, compared to its average volume of 6,442,372. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $127.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.15 and a quick ratio of 0.91. The stock has a market capitalization of $231.49 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 3.25 and a beta of 0.99. The company’s fifty day simple moving average is $117.71 and its 200-day simple moving average is $119.95.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). The business had revenue of $36.12 billion for the quarter, compared to analysts’ expectations of $37.69 billion. Chevron had a return on equity of 8.89% and a net margin of 8.70%. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 earnings per share. Equities analysts forecast that Chevron Co. will post 6.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, November 15th. Chevron’s dividend payout ratio (DPR) is 57.70%.

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Chevron from $142.00 to $139.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley lowered their target price on shares of Chevron from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday. BMO Capital Markets assumed coverage on shares of Chevron in a research note on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 target price for the company. Cowen lowered their target price on shares of Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Barclays assumed coverage on shares of Chevron in a research note on Monday, August 19th. They issued an “overweight” rating and a $145.00 target price for the company. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $135.88.

In other news, EVP Joseph C. Geagea sold 5,000 shares of Chevron stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $118.10, for a total transaction of $590,500.00. Following the completion of the transaction, the executive vice president now directly owns 6,243 shares of the company’s stock, valued at approximately $737,298.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael K. Wirth sold 33,750 shares of Chevron stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $125.00, for a total transaction of $4,218,750.00. Following the transaction, the chief executive officer now directly owns 33,750 shares of the company’s stock, valued at $4,218,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,750 shares of company stock valued at $11,216,850. Insiders own 0.31% of the company’s stock.

About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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