Garde Capital Inc. Acquires 72 Shares of Chevron Corporation $CVX

Garde Capital Inc. raised its holdings in Chevron Corporation (NYSE:CVX) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,355 shares of the oil and gas company’s stock after purchasing an additional 72 shares during the quarter. Garde Capital Inc.’s holdings in Chevron were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Collective Family Office LLC raised its stake in Chevron by 16.5% in the second quarter. Collective Family Office LLC now owns 4,926 shares of the oil and gas company’s stock valued at $705,000 after buying an additional 698 shares during the period. Sage Capital Advisors llc raised its stake in Chevron by 2.2% in the second quarter. Sage Capital Advisors llc now owns 43,338 shares of the oil and gas company’s stock valued at $6,206,000 after buying an additional 917 shares during the period. Trust Co of the South raised its stake in Chevron by 6.0% in the second quarter. Trust Co of the South now owns 2,403 shares of the oil and gas company’s stock valued at $344,000 after buying an additional 137 shares during the period. Fiduciary Financial Group LLC increased its stake in shares of Chevron by 8.6% during the second quarter. Fiduciary Financial Group LLC now owns 4,620 shares of the oil and gas company’s stock worth $673,000 after purchasing an additional 366 shares during the period. Finally, City Center Advisors LLC increased its stake in shares of Chevron by 52.2% during the second quarter. City Center Advisors LLC now owns 2,108 shares of the oil and gas company’s stock worth $302,000 after purchasing an additional 723 shares during the period. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CVX shares. Evercore ISI reiterated an “outperform” rating and set a $180.00 target price on shares of Chevron in a research note on Thursday, July 31st. Melius started coverage on Chevron in a research note on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price on the stock. Melius Research started coverage on Chevron in a research note on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price on the stock. Piper Sandler increased their target price on Chevron from $164.00 to $168.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Finally, TD Cowen increased 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. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $164.80.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 375,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $158.30, for a total value of $59,362,500.00. Following the sale, the director owned 1,403,045 shares of the company’s stock, valued at approximately $222,102,023.50. This trade represents a 21.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Alana K. Knowles sold 3,978 shares of the firm’s stock in a transaction 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 directly owned 1,181 shares in the company, valued at approximately $188,960. This represents a 77.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Chevron Price Performance

Chevron stock opened at $157.23 on Friday. The stock’s fifty day moving average price is $154.67 and its two-hundred day moving average price is $148.85. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. 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 firm has a market cap of $271.69 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.90.

Chevron (NYSE:CVX) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. The firm had revenue of $44.82 billion for the quarter, compared to the consensus estimate of $44.59 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 EPS. As a group, research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 88.03%.

Chevron Company 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.