Community Bank of Raymore Boosts Stock Position in Chevron Co. (NYSE:CVX)

Community Bank of Raymore raised its position in shares of Chevron Co. (NYSE:CVX) by 12.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,062 shares of the oil and gas company’s stock after purchasing an additional 345 shares during the quarter. Community Bank of Raymore’s holdings in Chevron were worth $363,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CVX. Murphy Middleton Hinkle & Parker Inc. boosted its stake in shares of Chevron by 0.6% in the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 14,149 shares of the oil and gas company’s stock worth $1,761,000 after buying an additional 84 shares during the last quarter. Arlington Financial Advisors LLC boosted its stake in shares of Chevron by 0.4% in the second quarter. Arlington Financial Advisors LLC now owns 20,221 shares of the oil and gas company’s stock worth $2,516,000 after buying an additional 85 shares during the last quarter. Horan Capital Advisors LLC. boosted its stake in shares of Chevron by 2.6% in the third quarter. Horan Capital Advisors LLC. now owns 3,311 shares of the oil and gas company’s stock worth $393,000 after buying an additional 85 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC boosted its stake in shares of Chevron by 1.7% in the second quarter. Landsberg Bennett & Dubbaneh LLC now owns 5,051 shares of the oil and gas company’s stock worth $631,000 after buying an additional 86 shares during the last quarter. Finally, JNBA Financial Advisors boosted its stake in shares of Chevron by 1.6% in the second quarter. JNBA Financial Advisors now owns 5,604 shares of the oil and gas company’s stock worth $697,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 65.68% of the company’s stock.

In other Chevron news, EVP Joseph C. Geagea sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $116.98, for a total transaction of $1,754,700.00. Following the completion of the transaction, the executive vice president now owns 6,243 shares of the company’s stock, valued at $730,306.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael K. Wirth sold 33,750 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $125.00, for a total value of $4,218,750.00. Following the transaction, the chief executive officer now directly owns 33,750 shares of the company’s stock, valued at approximately $4,218,750. The disclosure for this sale can be found here. Insiders have sold 91,750 shares of company stock valued at $11,216,850 in the last three months. Insiders own 0.31% of the company’s stock.

CVX has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Chevron from $144.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. ValuEngine upgraded Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price target on Chevron from $142.00 to $139.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. BMO Capital Markets started coverage on Chevron in a research report on Tuesday, August 20th. They set an “outperform” rating and a $165.00 price target on the stock. Finally, Barclays started coverage on Chevron in a research report on Monday, August 19th. They set an “overweight” rating and a $145.00 price target on the stock. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $135.88.

Shares of Chevron stock opened at $120.93 on Friday. The business has a 50 day simple moving average of $117.65 and a two-hundred day simple moving average of $119.96. Chevron Co. has a 12 month low of $100.22 and a 12 month high of $127.34. The stock has a market capitalization of $231.49 billion, a P/E ratio of 14.66, a PEG ratio of 3.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.15 and a quick ratio of 0.91.

Chevron (NYSE:CVX) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The firm had revenue of $36.12 billion for the quarter, compared to analyst estimates of $37.69 billion. During the same period in the previous year, the company earned $2.11 EPS. Chevron’s revenue was down 17.9% compared to the same quarter last year. As a group, research analysts anticipate that Chevron Co. will post 6.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 15th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 3.94%. Chevron’s payout ratio is currently 57.70%.

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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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