Chevron Co. (NYSE:CVX) Shares Acquired by Calamos Wealth Management LLC

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Calamos Wealth Management LLC increased its stake in Chevron Co. (NYSE:CVXGet Rating) by 83.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 99,195 shares of the oil and gas company’s stock after buying an additional 45,182 shares during the period. Chevron accounts for approximately 1.2% of Calamos Wealth Management LLC’s portfolio, making the stock its 14th largest position. Calamos Wealth Management LLC’s holdings in Chevron were worth $16,152,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CVX. Clarity Financial LLC increased its stake in shares of Chevron by 2.2% in the first quarter. Clarity Financial LLC now owns 2,790 shares of the oil and gas company’s stock worth $454,000 after buying an additional 61 shares during the last quarter. SYM FINANCIAL Corp increased its stake in shares of Chevron by 3.4% in the first quarter. SYM FINANCIAL Corp now owns 1,895 shares of the oil and gas company’s stock worth $309,000 after buying an additional 62 shares during the last quarter. LCM Capital Management Inc increased its stake in shares of Chevron by 0.9% in the first quarter. LCM Capital Management Inc now owns 7,306 shares of the oil and gas company’s stock worth $1,190,000 after buying an additional 63 shares during the last quarter. John G Ullman & Associates Inc. increased its stake in shares of Chevron by 1.1% in the first quarter. John G Ullman & Associates Inc. now owns 6,002 shares of the oil and gas company’s stock worth $977,000 after buying an additional 67 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC increased its stake in shares of Chevron by 30.7% in the first quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the oil and gas company’s stock worth $48,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 65.89% of the company’s stock.

Chevron Stock Performance

CVX stock opened at $148.48 on Tuesday. The company has a market capitalization of $291.73 billion, a P/E ratio of 13.95, a PEG ratio of 0.60 and a beta of 1.14. The company has a 50-day simple moving average of $157.58 and a 200 day simple moving average of $154.05. Chevron Co. has a fifty-two week low of $92.86 and a fifty-two week high of $182.40. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20.

Chevron (NYSE:CVXGet Rating) last issued its quarterly earnings results on Friday, April 29th. The oil and gas company reported $3.36 EPS for the quarter, missing the consensus estimate of $3.44 by ($0.08). Chevron had a return on equity of 14.66% and a net margin of 11.10%. The business had revenue of $54.37 billion during the quarter, compared to the consensus estimate of $54.96 billion. During the same quarter last year, the firm posted $0.90 earnings per share. Chevron’s revenue was up 69.8% compared to the same quarter last year. Sell-side analysts predict that Chevron Co. will post 18.08 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Thursday, May 19th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.83%. The ex-dividend date was Wednesday, May 18th. Chevron’s dividend payout ratio (DPR) is presently 53.38%.

Insiders Place Their Bets

In other Chevron news, insider David A. Inchausti sold 4,700 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $161.09, for a total value of $757,123.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chevron news, insider David A. Inchausti sold 4,700 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $161.09, for a total transaction of $757,123.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark A. Nelson sold 117,400 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the sale, the executive vice president now directly owns 788 shares of the company’s stock, valued at $125,662.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 561,726 shares of company stock worth $94,057,396. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CVX. Citigroup dropped their price target on shares of Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 13th. Barclays lifted their price objective on shares of Chevron from $183.00 to $196.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Truist Financial decreased their price objective on shares of Chevron from $170.00 to $166.00 and set a “hold” rating for the company in a report on Tuesday, July 19th. Bank of America decreased their price objective on shares of Chevron from $205.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Finally, Raymond James lifted their price objective on shares of Chevron from $173.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, April 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $172.35.

About Chevron

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 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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