Vanguard Personalized Indexing Management LLC Acquires 55,511 Shares of Chevron Corporation $CVX

Vanguard Personalized Indexing Management LLC grew its stake in shares of Chevron Corporation (NYSE:CVX) by 30.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 237,091 shares of the oil and gas company’s stock after buying an additional 55,511 shares during the period. Chevron comprises 0.4% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 29th biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Chevron were worth $37,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CVX. Instrumental Wealth LLC raised its stake in shares of Chevron by 16.4% during the 3rd quarter. Instrumental Wealth LLC now owns 2,560 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 360 shares during the period. Monte Financial Group LLC increased its position in shares of Chevron by 5.0% during the third quarter. Monte Financial Group LLC now owns 41,817 shares of the oil and gas company’s stock valued at $6,494,000 after buying an additional 1,983 shares during the period. White Wing Wealth Management increased its position in shares of Chevron by 2.0% during the third quarter. White Wing Wealth Management now owns 3,429 shares of the oil and gas company’s stock valued at $530,000 after buying an additional 68 shares during the period. Avantax Planning Partners Inc. lifted its holdings in shares of Chevron by 5.2% in the third quarter. Avantax Planning Partners Inc. now owns 64,526 shares of the oil and gas company’s stock worth $10,020,000 after buying an additional 3,179 shares in the last quarter. Finally, Heritage Wealth Management Inc. Texas boosted its position in shares of Chevron by 65.6% in the third quarter. Heritage Wealth Management Inc. Texas now owns 3,232 shares of the oil and gas company’s stock valued at $502,000 after acquiring an additional 1,280 shares during the period. 72.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley decreased their target price on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a report on Tuesday, January 20th. Sanford C. Bernstein increased their price objective on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Freedom Capital cut Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $160.00 target price (down from $170.00) on shares of Chevron in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $170.00.

Chevron Stock Up 0.0%

Shares of NYSE:CVX opened at $166.74 on Monday. The firm has a market capitalization of $335.73 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 11.38 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $169.37. The firm has a fifty day moving average of $154.52 and a 200 day moving average of $154.84.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. During the same quarter in the previous year, the company posted $2.48 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.1%. Chevron’s dividend payout ratio is currently 96.20%.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 275,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the transaction, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eimear P. Bonner sold 28,334 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. The trade was a 86.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 635,190 shares of company stock worth $100,254,408 in the last three months. Corporate insiders own 0.20% of the company’s stock.

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.