180 Wealth Advisors LLC Purchases New Position in Chevron Co. (NYSE:CVX)

180 Wealth Advisors LLC acquired a new position in shares of Chevron Co. (NYSE:CVX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,757 shares of the oil and gas company’s stock, valued at approximately $3,600,000. Chevron accounts for about 1.8% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest holding.

Several other institutional investors also recently made changes to their positions in the stock. Commonwealth Equity Services Inc boosted its position in shares of Chevron by 1.2% during the third quarter. Commonwealth Equity Services Inc now owns 757,436 shares of the oil and gas company’s stock worth $88,998,000 after buying an additional 9,206 shares during the period. 361 Capital LLC bought a new stake in Chevron in the third quarter valued at approximately $3,818,000. Sowell Financial Services LLC raised its stake in Chevron by 6.4% in the third quarter. Sowell Financial Services LLC now owns 60,479 shares of the oil and gas company’s stock valued at $7,010,000 after buying an additional 3,619 shares during the period. Ameriprise Financial Inc. raised its stake in Chevron by 7.5% in the third quarter. Ameriprise Financial Inc. now owns 13,499,859 shares of the oil and gas company’s stock valued at $1,586,183,000 after buying an additional 941,196 shares during the period. Finally, Pictet & Cie Europe SA raised its stake in Chevron by 87.4% in the third quarter. Pictet & Cie Europe SA now owns 10,721 shares of the oil and gas company’s stock valued at $1,260,000 after buying an additional 5,000 shares during the period. 64.37% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Patricia E. Yarrington sold 135,000 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $130.00, for a total value of $17,550,000.00. Following the completion of the transaction, the chief financial officer now directly owns 139,838 shares in the company, valued at approximately $18,178,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $121.97, for a total value of $3,110,235.00. Following the completion of the transaction, the vice president now owns 25,500 shares of the company’s stock, valued at $3,110,235. The disclosure for this sale can be found here. In the last ninety days, insiders sold 386,500 shares of company stock worth $49,748,880. Company insiders own 0.46% of the company’s stock.



Several analysts have issued reports on the company. Zacks Investment Research upgraded Chevron from a “hold” rating to a “strong-buy” rating and set a $147.00 price objective on the stock in a research note on Wednesday. Wells Fargo & Co upped their price objective on Chevron from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, June 7th. Mizuho assumed coverage on Chevron in a research note on Friday, June 8th. They issued a “buy” rating and a $145.00 price objective on the stock. Credit Suisse Group upped their price objective on Chevron from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, April 30th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $140.00 price objective on shares of Chevron in a research note on Monday, April 23rd. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $135.52.

NYSE:CVX traded down $0.56 during trading hours on Thursday, reaching $126.51. 5,022,722 shares of the company were exchanged, compared to its average volume of 6,973,756. The company has a market capitalization of $243.67 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.30 and a beta of 1.14. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last issued its earnings results on Friday, April 27th. The oil and gas company reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.45. The firm had revenue of $37.76 billion for the quarter, compared to the consensus estimate of $40.34 billion. Chevron had a return on equity of 5.83% and a net margin of 6.95%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. sell-side analysts anticipate that Chevron Co. will post 7.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Friday, May 18th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Thursday, May 17th. Chevron’s dividend payout ratio is presently 121.08%.

About Chevron

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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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