NBW Capital LLC Invests $216,000 in Chevron Co. (NYSE:CVX)

NBW Capital LLC acquired a new position in Chevron Co. (NYSE:CVX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,369 shares of the oil and gas company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Capital Advisory LLC raised its position in Chevron by 403.2% in the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after buying an additional 125 shares during the last quarter. Bare Financial Services Inc bought a new position in Chevron during the fourth quarter valued at approximately $27,000. Frank Rimerman Advisors LLC bought a new position in Chevron during the fourth quarter valued at approximately $30,000. Cooksen Wealth LLC purchased a new stake in Chevron in the fourth quarter worth approximately $40,000. Finally, Clear Investment Research LLC grew its position in Chevron by 264.9% in the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 204 shares during the period. 72.42% of the stock is owned by institutional investors.

Insider Activity at Chevron

In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $165.24, for a total value of $421,196.76. Following the sale, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Enrique Hernandez, Jr. sold 5,098 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.50, for a total transaction of $833,523.00. Following the sale, the director now owns 2,549 shares in the company, valued at approximately $416,761.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $165.24, for a total transaction of $421,196.76. Following the completion of the sale, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,397 shares of company stock valued at $1,855,582. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Scotiabank dropped their price target on Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. UBS Group boosted their price target on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Barclays began coverage on shares of Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective on the stock. Raymond James boosted their target price on shares of Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Company increased their price target on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Chevron Price Performance

CVX traded down $4.07 on Friday, hitting $148.55. 13,278,618 shares of the company’s stock traded hands, compared to its average volume of 6,585,736. Chevron Co. has a one year low of $139.62 and a one year high of $171.70. The company’s 50 day simple moving average is $156.37 and its 200-day simple moving average is $156.00. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13. The firm has a market cap of $273.77 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.45 and a beta of 1.10.

Chevron (NYSE:CVX) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.33). Chevron had a return on equity of 14.40% and a net margin of 10.21%. The firm had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. During the same period last year, the firm posted $3.08 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate that Chevron Co. will post 12.45 EPS for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. Chevron’s dividend payout ratio is currently 59.98%.

Chevron Company 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.