Whittier Trust Co. of Nevada Inc. Buys 3,848 Shares of Chevron Co. (NYSE:CVX)

Whittier Trust Co. of Nevada Inc. raised its stake in shares of Chevron Co. (NYSE:CVX) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,239 shares of the oil and gas company’s stock after buying an additional 3,848 shares during the period. Chevron accounts for approximately 0.8% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its 23rd biggest holding. Whittier Trust Co. of Nevada Inc.’s holdings in Chevron were worth $28,431,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CVX. American Capital Advisory LLC increased its stake in shares of Chevron by 403.2% in the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 125 shares during the period. Bare Financial Services Inc bought a new position in shares of Chevron in the fourth quarter worth about $27,000. Frank Rimerman Advisors LLC bought a new position in shares of Chevron in the fourth quarter worth about $30,000. Valued Wealth Advisors LLC acquired a new stake in Chevron during the fourth quarter worth about $33,000. Finally, Cooksen Wealth LLC acquired a new stake in Chevron during the fourth quarter worth about $40,000. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CVX. UBS Group lifted their target price on Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Mizuho lifted their target price on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. HSBC lifted their price objective on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. TD Cowen lifted their price objective on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a report on Monday, April 29th. Finally, Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $170.00 to $195.00 in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $186.95.

Chevron Trading Down 0.9 %

CVX stock traded down $1.34 during trading on Tuesday, hitting $152.99. The company had a trading volume of 5,301,619 shares, compared to its average volume of 7,960,558. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $158.21 and a 200-day moving average price of $155.01. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70. The stock has a market cap of $281.96 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 2.35 and a beta of 1.10.

Chevron (NYSE:CVX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The company had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.55 EPS. As a group, analysts predict that Chevron Co. will post 13.18 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Thursday, May 16th. Chevron’s payout ratio is 59.98%.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total transaction of $462,000.00. Following the completion of the sale, the vice president now owns 276 shares in the company, valued at approximately $45,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total value of $410,389.00. Following the completion of the sale, the director now owns 7,647 shares in the company, valued at approximately $1,231,167. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total transaction of $462,000.00. Following the completion of the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $45,540. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,746 shares of company stock worth $2,727,971. Insiders own 0.20% of the company’s stock.

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; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.