TriaGen Wealth Management LLC Has $1.36 Million Stake in Chevron Co. (NYSE:CVX)

TriaGen Wealth Management LLC lessened its holdings in shares of Chevron Co. (NYSE:CVX) by 2.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,369 shares of the oil and gas company’s stock after selling 304 shares during the period. TriaGen Wealth Management LLC’s holdings in Chevron were worth $1,356,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ARGI Investment Services LLC grew its stake in Chevron by 2.0% in the 3rd quarter. ARGI Investment Services LLC now owns 10,282 shares of the oil and gas company’s stock valued at $1,043,000 after buying an additional 203 shares during the last quarter. IndexIQ Advisors LLC increased its position in Chevron by 309.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 6,792 shares of the oil and gas company’s stock valued at $689,000 after acquiring an additional 5,135 shares during the period. D Orazio & Associates Inc. increased its position in shares of Chevron by 9.1% during the third quarter. D Orazio & Associates Inc. now owns 4,777 shares of the oil and gas company’s stock worth $485,000 after buying an additional 400 shares during the period. Covington Investment Advisors Inc. grew its holdings in Chevron by 17.3% in the third quarter. Covington Investment Advisors Inc. now owns 28,629 shares of the oil and gas company’s stock worth $2,904,000 after purchasing an additional 4,230 shares during the period. Finally, PICTET BANK & TRUST Ltd lifted its stake in shares of Chevron by 1.3% in the third quarter. PICTET BANK & TRUST Ltd now owns 7,750 shares of the oil and gas company’s stock valued at $786,000 after buying an additional 100 shares in the last quarter. 64.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CVX traded up $1.34 during trading on Friday, hitting $128.14. The company’s stock had a trading volume of 230,280 shares, compared to its average volume of 10,873,027. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.03 and a current ratio of 1.28. Chevron Co. has a fifty-two week low of $84.57 and a fifty-two week high of $128.43. The stock’s 50-day moving average price is $117.33 and its two-hundred day moving average price is $107.79. The company has a market capitalization of $247.01 billion, a PE ratio of 24.83, a PEG ratio of 2.87 and a beta of 1.28.

Chevron (NYSE:CVX) last posted its earnings results on Thursday, October 28th. The oil and gas company reported $2.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.75. Chevron had a return on equity of 7.95% and a net margin of 7.10%. The company had revenue of $44.71 billion during the quarter, compared to analyst estimates of $40.89 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The business’s revenue was up 82.9% compared to the same quarter last year. On average, equities analysts predict that Chevron Co. will post 8.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Thursday, November 18th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Wednesday, November 17th. Chevron’s payout ratio is currently 103.47%.

CVX has been the subject of several recent analyst reports. Raymond James boosted their price objective on shares of Chevron from $134.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, November 1st. Zacks Investment Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a research report on Monday, December 6th. Societe Generale initiated coverage on shares of Chevron in a research report on Friday, October 22nd. They issued a “buy” rating and a $130.00 target price on the stock. Wells Fargo & Company raised shares of Chevron from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 5th. Finally, Morgan Stanley restated a “buy” rating and set a $154.00 target price on shares of Chevron in a research note on Friday, December 3rd. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $125.60.

In other news, insider David A. Inchausti sold 5,600 shares of the stock in a transaction on Wednesday, October 20th. The stock was sold at an average price of $112.01, for a total value of $627,256.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James William Johnson sold 40,000 shares of the stock in a transaction on Tuesday, January 11th. The stock was sold at an average price of $126.69, for a total transaction of $5,067,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 475,801 shares of company stock valued at $55,502,677. 0.28% of the stock is currently owned by corporate insiders.

Chevron Profile

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; processing, transporting, storage, and marketing of natural gas; and a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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