Chevron Corporation $CVX Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC cut its position in shares of Chevron Corporation (NYSE:CVX) by 25.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 80,853 shares of the oil and gas company’s stock after selling 27,543 shares during the quarter. Venture Visionary Partners LLC’s holdings in Chevron were worth $12,556,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CVX. Greenfield Savings Bank raised its position in Chevron by 1.4% during the third quarter. Greenfield Savings Bank now owns 11,773 shares of the oil and gas company’s stock valued at $1,828,000 after buying an additional 162 shares during the period. Bank & Trust Co grew its holdings in Chevron by 5.0% during the third quarter. Bank & Trust Co now owns 10,239 shares of the oil and gas company’s stock valued at $1,590,000 after purchasing an additional 484 shares during the last quarter. Strathmore Capital Advisors Inc. boosted its holdings in Chevron by 23.1% during the third quarter. Strathmore Capital Advisors Inc. now owns 3,447 shares of the oil and gas company’s stock valued at $535,000 after acquiring an additional 647 shares during the period. Nilsine Partners LLC grew its position in shares of Chevron by 9.9% in the third quarter. Nilsine Partners LLC now owns 17,259 shares of the oil and gas company’s stock valued at $2,680,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Martin Capital Partners LLC grew its stake in shares of Chevron by 26.4% in the third quarter. Martin Capital Partners LLC now owns 50,468 shares of the oil and gas company’s stock worth $7,837,000 after acquiring an additional 10,556 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. HSBC set a $169.00 target price on shares of Chevron and gave the company a “buy” rating in a research note on Monday, December 1st. UBS Group reiterated a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Piper Sandler lowered their price target on shares of Chevron from $171.00 to $169.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Morgan Stanley increased their price target on Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Finally, Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $166.00.

Chevron Stock Performance

NYSE:CVX opened at $146.81 on Wednesday. The stock has a 50 day simple moving average of $152.50 and a 200 day simple moving average of $152.35. The stock has a market cap of $295.60 billion, a P/E ratio of 20.65, a PEG ratio of 8.90 and a beta of 0.68. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.48 earnings per share. Research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were given a $1.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.7%. Chevron’s dividend payout ratio (DPR) is currently 96.20%.

Insider Activity at Chevron

In other news, Director John B. Hess sold 275,000 shares of Chevron stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

About Chevron

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.