5,930 Shares in Chevron Corporation $CVX Purchased by Gaddis Premier Wealth Advisors LLC

Gaddis Premier Wealth Advisors LLC purchased a new position in Chevron Corporation (NYSE:CVX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,930 shares of the oil and gas company’s stock, valued at approximately $904,000. Chevron makes up about 0.7% of Gaddis Premier Wealth Advisors LLC’s holdings, making the stock its 28th largest position.

Other institutional investors also recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in Chevron in the fourth quarter worth about $26,000. Strategic Wealth Advisors LLC bought a new position in Chevron in the fourth quarter worth about $33,000. Daytona Street Capital LLC bought a new position in Chevron in the fourth quarter worth about $44,000. Maseco LLP bought a new position in Chevron in the fourth quarter worth about $49,000. Finally, Turning Point Benefit Group Inc. bought a new position in Chevron in the third quarter worth about $49,000. 72.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider R. Hewitt Pate sold 40,200 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the sale, the insider owned 8,638 shares in the company, valued at $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John B. Hess sold 380,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the sale, the director owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 615,200 shares of company stock worth $118,022,760. Corporate insiders own 0.56% of the company’s stock.

Chevron Price Performance

Shares of CVX opened at $189.18 on Tuesday. The stock has a market cap of $376.77 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 0.62 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. Chevron Corporation has a fifty-two week low of $139.68 and a fifty-two week high of $214.71. The firm’s 50-day simple moving average is $190.29 and its two-hundred day simple moving average is $177.22.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same quarter in the prior year, the company earned $2.18 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Chevron Corporation will post 15.74 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. Chevron’s dividend payout ratio is presently 123.40%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts and market commentary are pointing to Chevron as a strong long-term buy, citing its scale, integrated business model, and durable cash generation. Why Chevron (CVX) is a Top Stock for the Long-Term
• Positive Sentiment: Chevron was also highlighted as one of the better energy dividend stocks for income investors, with its payout seen as dependable amid oil-price volatility. Want Income? Buy These 3 Top Energy Dividend Stocks Now
• Positive Sentiment: Recent coverage of Chevron’s first-quarter results emphasized a 24% jump in U.S. production and $6 billion returned to shareholders through dividends and buybacks, reinforcing the company’s cash-return story. Q1 Results Are In: Chevron Boosted U.S. Production 24% and Returned $6 Billion to Shareholders. Is CVX Stock a Buy Now?
• Neutral Sentiment: Chevron was included in a Zacks analyst roundup alongside Micron and Quanta Services as a market idea, but the mention was broad and not tied to a fresh company-specific catalyst. The Zacks Analyst Blog Highlights Micron, Chevron and Quanta Services
• Neutral Sentiment: Other energy-sector pieces discussed oil pricing, LNG disruptions, and peers like Exxon Mobil and Matador, which frame the backdrop for Chevron but do not directly change the company’s outlook. Is XOM Worth Betting on at its Premium Price or Should Investors Wait?

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CVX shares. Morgan Stanley increased their price target on shares of Chevron from $212.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Barclays upped their price objective on shares of Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. TD Cowen upped their price objective on shares of Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $220.00 price objective on shares of Chevron in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.70.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.