Chevron Co. (NYSE:CVX) Shares Bought by Ellis Investment Partners LLC

Ellis Investment Partners LLC grew its holdings in shares of Chevron Co. (NYSE:CVX) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,415 shares of the oil and gas company’s stock after purchasing an additional 104 shares during the quarter. Ellis Investment Partners LLC’s holdings in Chevron were worth $860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Guidant Wealth Advisors raised its holdings in shares of Chevron by 63.9% during the 2nd quarter. Guidant Wealth Advisors now owns 259 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 101 shares during the period. Evolution Wealth Advisors LLC purchased a new position in shares of Chevron during the 2nd quarter worth $34,000. Transamerica Financial Advisors Inc. purchased a new position in shares of Chevron during the 2nd quarter worth $46,000. Cordasco Financial Network raised its holdings in shares of Chevron by 55.3% during the 2nd quarter. Cordasco Financial Network now owns 379 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 135 shares during the period. Finally, CKW Financial Group raised its holdings in shares of Chevron by 154.0% during the 2nd quarter. CKW Financial Group now owns 414 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 251 shares during the period. 65.61% of the stock is currently owned by institutional investors.

CVX traded up $1.43 on Wednesday, hitting $113.14. The company had a trading volume of 3,623,247 shares, compared to its average volume of 6,602,001. The firm has a market cap of $216.13 billion, a P/E ratio of 13.71, a PEG ratio of 4.20 and a beta of 0.99. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $127.60. The company’s fifty day moving average price is $118.52 and its 200 day moving average price is $120.82. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.



Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.53. The firm had revenue of $38.85 billion for the quarter, compared to analyst estimates of $40.14 billion. Chevron had a net margin of 9.18% and a return on equity of 9.58%. Chevron’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. On average, analysts predict that Chevron Co. will post 6.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.76 dividend on an annualized basis and a yield of 4.21%. Chevron’s dividend payout ratio (DPR) is presently 57.70%.

CVX has been the topic of several analyst reports. BMO Capital Markets initiated coverage on Chevron in a report on Tuesday, August 20th. They set an “outperform” rating and a $165.00 price target on the stock. Independent Research set a $127.00 price objective on shares of Chevron and gave the company a “neutral” rating in a report on Thursday, August 29th. ValuEngine upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Cowen set a $140.00 price objective on shares of Chevron and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Morgan Stanley reduced their price objective on shares of Chevron from $146.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $137.47.

In other Chevron news, CEO Michael K. Wirth sold 33,750 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 33,750 shares in the company, valued at $4,218,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Debra L. Reed purchased 4,250 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $118.14 per share, for a total transaction of $502,095.00. The disclosure for this purchase can be found here. Insiders have sold 86,750 shares of company stock worth $10,648,200 over the last quarter. Insiders own 0.31% of the company’s stock.

Chevron Company Profile

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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