Paragon Capital Management Ltd Buys 223 Shares of Chevron Co. (NYSE:CVX)

Paragon Capital Management Ltd increased its stake in Chevron Co. (NYSE:CVX) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,917 shares of the oil and gas company’s stock after buying an additional 223 shares during the period. Paragon Capital Management Ltd’s holdings in Chevron were worth $616,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CVX. Morgan Stanley increased its stake in shares of Chevron by 12.7% during the fourth quarter. Morgan Stanley now owns 32,906,060 shares of the oil and gas company’s stock valued at $5,906,309,000 after purchasing an additional 3,711,923 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Chevron by 104,997.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,490,824 shares of the oil and gas company’s stock valued at $4,395,858,000 after purchasing an additional 24,467,521 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Chevron by 76.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,667,484 shares of the oil and gas company’s stock valued at $3,839,241,000 after purchasing an additional 10,257,980 shares in the last quarter. Norges Bank bought a new position in shares of Chevron during the fourth quarter valued at approximately $3,058,235,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Chevron by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,844,054 shares of the oil and gas company’s stock valued at $2,421,958,000 after purchasing an additional 948,045 shares in the last quarter. 68.87% of the stock is owned by institutional investors.

Insider Activity at Chevron

In other Chevron news, CFO Pierre R. Breber sold 25,000 shares of Chevron stock in a transaction on Friday, August 11th. The shares were sold at an average price of $164.00, for a total value of $4,100,000.00. Following the sale, the chief financial officer now directly owns 6,021 shares in the company, valued at approximately $987,444. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total value of $603,300.00. Following the sale, the vice president now directly owns 1,718 shares in the company, valued at approximately $276,391.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Pierre R. Breber sold 25,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $164.00, for a total transaction of $4,100,000.00. Following the completion of the sale, the chief financial officer now owns 6,021 shares in the company, valued at $987,444. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Chevron Trading Up 0.4 %

Shares of Chevron stock opened at $167.22 on Tuesday. The company’s fifty day simple moving average is $160.80 and its 200-day simple moving average is $160.15. The stock has a market capitalization of $312.24 billion, a PE ratio of 10.60, a P/E/G ratio of 0.88 and a beta of 1.18. Chevron Co. has a 1-year low of $140.46 and a 1-year high of $189.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.43 and a quick ratio of 1.13.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.13. Chevron had a net margin of 13.54% and a return on equity of 19.48%. The business had revenue of $48.90 billion for the quarter, compared to analysts’ expectations of $48 billion. During the same quarter last year, the company posted $5.82 EPS. The company’s revenue was down 28.9% compared to the same quarter last year. As a group, equities analysts anticipate that Chevron Co. will post 13.23 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, August 17th. Chevron’s dividend payout ratio (DPR) is 38.30%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CVX shares. UBS Group raised their price target on shares of Chevron from $202.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Piper Sandler reduced their price target on shares of Chevron from $196.00 to $188.00 in a research report on Tuesday, June 13th. Mizuho raised their price target on shares of Chevron from $209.00 to $215.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised shares of Chevron from an “underweight” rating to a “neutral” rating and raised their price target for the company from $161.00 to $170.00 in a research report on Wednesday, May 31st. Finally, Morgan Stanley raised their price target on shares of Chevron from $197.00 to $198.00 and gave the company an “equal weight” rating in a research report on Friday, August 18th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.61.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. 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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.