Bcwm LLC Has $6.12 Million Stock Holdings in Chevron Corporation $CVX

Bcwm LLC boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 10.3% in the second quarter, HoldingsChannel reports. The firm owned 36,935 shares of the oil and gas company’s stock after purchasing an additional 3,464 shares during the quarter. Bcwm LLC’s holdings in Chevron were worth $6,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron during the 1st quarter worth about $25,000. Core Wealth Advisors LLC acquired a new position in Chevron in the 4th quarter valued at about $26,000. Phillip James Consulting Co. acquired a new position in Chevron in the 4th quarter valued at about $26,000. Basso Capital Management L.P. bought a new position in Chevron in the 4th quarter valued at about $27,000. Finally, Karpus Management Inc. bought a new position in Chevron in the 4th quarter valued at about $27,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CVX shares. Jefferies Financial Group restated a “buy” rating and set a $216.00 price objective on shares of Chevron in a research report on Friday, July 10th. Weiss Ratings raised Chevron from a “hold (c)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Bank of America lifted their price target on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, TD Cowen boosted their price target on Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.48.

Insider Buying and Selling

In other Chevron news, insider Andrew Benjamin Walz sold 16,800 shares of Chevron stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares of the company’s stock, valued at $2,814.84. The trade was a 99.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Hewitt Pate sold 2,470 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. The trade was a 18.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by corporate insiders.

Chevron Price Performance

Shares of Chevron stock opened at $200.26 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $395.67 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 0.60 and a beta of 0.49. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $214.71. The company has a 50-day simple moving average of $186.34 and a two-hundred day simple moving average of $188.63.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same quarter in the prior year, the business posted $1.77 EPS. The business’s revenue was up 57.4% compared to the same quarter last year. Analysts forecast that Chevron Corporation will post 16.17 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, August 19th. Chevron’s payout ratio is 68.26%.

About Chevron

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.