Chevron Corporation $CVX Shares Purchased by Kelleher Financial Advisors

Kelleher Financial Advisors boosted its stake in Chevron Corporation (NYSE:CVX) by 32.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,620 shares of the oil and gas company’s stock after acquiring an additional 400 shares during the quarter. Kelleher Financial Advisors’ holdings in Chevron were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVX. Wealth Alliance LLC increased its position in Chevron by 3.0% in the 2nd quarter. Wealth Alliance LLC now owns 22,830 shares of the oil and gas company’s stock worth $3,269,000 after purchasing an additional 656 shares during the last quarter. Bouchey Financial Group Ltd increased its holdings in shares of Chevron by 192.2% during the second quarter. Bouchey Financial Group Ltd now owns 3,837 shares of the oil and gas company’s stock worth $549,000 after buying an additional 2,524 shares in the last quarter. KBC Group NV raised its position in shares of Chevron by 5.2% during the second quarter. KBC Group NV now owns 179,044 shares of the oil and gas company’s stock worth $25,637,000 after acquiring an additional 8,915 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Chevron in the second quarter valued at about $5,056,000. Finally, Wealth Quarterback LLC boosted its position in Chevron by 19.2% during the 2nd quarter. Wealth Quarterback LLC now owns 9,324 shares of the oil and gas company’s stock worth $1,335,000 after acquiring an additional 1,503 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 375,000 shares of Chevron stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the completion of the transaction, the director owned 1,403,045 shares in the company, valued at approximately $222,102,023.50. This trade represents a 21.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Alana K. Knowles sold 3,978 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $160.00, for a total value of $636,480.00. Following the completion of the sale, the vice president owned 1,181 shares of the company’s stock, valued at $188,960. This trade represents a 77.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CVX. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Melius Research assumed coverage on Chevron in a research report on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price for the company. Evercore ISI reiterated an “outperform” rating and set a $180.00 target price on shares of Chevron in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Saturday. Finally, TD Cowen boosted their target price on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Chevron has a consensus rating of “Hold” and an average target price of $165.45.

Chevron Trading Up 0.3%

Chevron stock opened at $156.05 on Wednesday. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The business’s fifty day moving average is $155.33 and its 200 day moving average is $150.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74. The stock has a market capitalization of $269.65 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 4.40 and a beta of 0.83.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $2.48 earnings per share. On average, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, November 18th. Chevron’s payout ratio is presently 96.20%.

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.