Capstone Wealth Management Group LLC Has $1.62 Million Stock Position in Chevron Co. (NYSE:CVX)

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Capstone Wealth Management Group LLC lifted its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,960 shares of the oil and gas company’s stock after purchasing an additional 1,171 shares during the quarter. Chevron makes up about 1.6% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 16th largest position. Capstone Wealth Management Group LLC’s holdings in Chevron were worth $1,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avondale Wealth Management bought a new stake in Chevron in the fourth quarter valued at about $26,000. Rational Advisors LLC boosted its holdings in Chevron by 116.3% during the fourth quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 121 shares in the last quarter. Curi Wealth Management LLC bought a new stake in shares of Chevron in the 4th quarter valued at approximately $30,000. Byrne Asset Management LLC bought a new stake in shares of Chevron in the 4th quarter valued at approximately $36,000. Finally, West Bancorporation Inc. acquired a new position in shares of Chevron in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 65.89% of the company’s stock.

A number of brokerages have weighed in on CVX. Wells Fargo & Company upped their price target on Chevron from $150.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 11th. Credit Suisse Group upped their target price on shares of Chevron from $190.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, June 9th. Barclays lifted their price target on shares of Chevron from $183.00 to $196.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Royal Bank of Canada cut shares of Chevron from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $160.00 to $165.00 in a research note on Thursday, April 21st. Finally, The Goldman Sachs Group cut their target price on shares of Chevron from $181.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $169.57.

In other news, Director Wanda M. Austin sold 12,039 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $177.29, for a total transaction of $2,134,394.31. Following the completion of the transaction, the director now directly owns 3,543 shares in the company, valued at approximately $628,138.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark A. Nelson sold 117,400 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the completion of the sale, the executive vice president now owns 788 shares in the company, valued at $125,662.36. The disclosure for this sale can be found here. In the last three months, insiders sold 561,726 shares of company stock worth $94,057,396. 0.32% of the stock is currently owned by company insiders.

Shares of NYSE:CVX opened at $142.43 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Chevron Co. has a 1-year low of $92.86 and a 1-year high of $182.40. The stock has a market capitalization of $279.85 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.64 and a beta of 1.09. The business has a 50-day moving average price of $166.83 and a two-hundred day moving average price of $149.63.

Chevron (NYSE:CVXGet Rating) last issued its quarterly earnings results on Friday, April 29th. The oil and gas company reported $3.36 EPS for the quarter, missing the consensus estimate of $3.44 by ($0.08). Chevron had a return on equity of 14.66% and a net margin of 11.10%. The business had revenue of $54.37 billion for the quarter, compared to analyst estimates of $54.96 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 69.8% compared to the same quarter last year. As a group, equities analysts predict that Chevron Co. will post 17.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Thursday, May 19th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Wednesday, May 18th. Chevron’s payout ratio is 53.38%.

Chevron Company Profile (Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 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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