3,033 Shares in Chevron Corporation $CVX Purchased by Warwick Investment Management Inc.

Key Points

• Warwick Investment Management Inc. has acquired a new stake in Chevron Corporation, purchasing 3,033 shares valued at approximately $507,000.
• Chevron recently reported a quarterly earnings per share (EPS) of $1.77, surpassing the consensus estimate of $1.58, with a revenue of $44.82 billion for the quarter.
• The company announced a quarterly dividend of $1.71, to be paid on September 10th, representing a 4.3% yield on an annualized basis.

Warwick Investment Management Inc. acquired a new stake in shares of Chevron Corporation (NYSE:CVX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,033 shares of the oil and gas company's stock, valued at approximately $507,000.

A number of other hedge funds have also recently made changes to their positions in the business. Sage Capital Advisors llc lifted its position in shares of Chevron by 2.2% during the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock valued at $7,097,000 after purchasing an additional 919 shares in the last quarter. CCG Wealth Management LLC lifted its position in shares of Chevron by 2.3% during the first quarter. CCG Wealth Management LLC now owns 6,334 shares of the oil and gas company's stock valued at $1,060,000 after purchasing an additional 145 shares in the last quarter. Ignite Planners LLC lifted its position in shares of Chevron by 14.1% during the first quarter. Ignite Planners LLC now owns 12,316 shares of the oil and gas company's stock valued at $2,060,000 after purchasing an additional 1,519 shares in the last quarter. Vista Capital Partners Inc. lifted its position in shares of Chevron by 9.1% during the first quarter. Vista Capital Partners Inc. now owns 5,938 shares of the oil and gas company's stock valued at $993,000 after purchasing an additional 495 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Chevron by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 143,914 shares of the oil and gas company's stock valued at $24,075,000 after purchasing an additional 675 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 0.0%

NYSE:CVX traded up $0.05 during trading hours on Thursday, reaching $159.29. The company's stock had a trading volume of 6,501,985 shares, compared to its average volume of 8,245,963. The firm has a market capitalization of $275.26 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.36 and a beta of 0.87. The firm has a 50-day simple moving average of $152.06 and a 200-day simple moving average of $148.80. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.19. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The company had revenue of $44.82 billion during the quarter, compared to analyst estimates of $44.59 billion. During the same period in the prior year, the business posted $2.55 EPS. The firm's revenue was down 12.4% compared to the same quarter last year. Research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be issued a $1.71 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $6.84 annualized dividend and a yield of 4.3%. Chevron's dividend payout ratio is 88.03%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CVX. Melius Research started coverage on shares of Chevron in a research report on Wednesday, August 20th. They set a "hold" rating and a $155.00 price target on the stock. Morgan Stanley began coverage on shares of Chevron in a research report on Monday, August 4th. They issued an "overweight" rating and a $174.00 price target on the stock. TD Cowen boosted their price objective on shares of Chevron from $150.00 to $155.00 and gave the company a "hold" rating in a research note on Monday, August 4th. UBS Group boosted their price objective on shares of Chevron from $186.00 to $197.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Melius began coverage on shares of Chevron in a research note on Wednesday, August 20th. They set a "hold" rating and a $155.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Chevron presently has an average rating of "Hold" and a consensus price target of $163.95.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 375,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the completion of the transaction, the director directly owned 1,403,045 shares in the company, valued at approximately $222,102,023.50. This represents a 21.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% 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.