Mission Creek Capital Partners Inc. Sells 781 Shares of Chevron Corporation $CVX

Mission Creek Capital Partners Inc. reduced its stake in Chevron Corporation (NYSE:CVX) by 1.5% in the 1st quarter, Holdings Channel reports. The firm owned 50,714 shares of the oil and gas company’s stock after selling 781 shares during the period. Chevron accounts for approximately 1.9% of Mission Creek Capital Partners Inc.’s holdings, making the stock its 11th biggest position. Mission Creek Capital Partners Inc.’s holdings in Chevron were worth $8,484,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northstar Financial Companies Inc. raised its holdings in Chevron by 12.5% in the 1st quarter. Northstar Financial Companies Inc. now owns 10,540 shares of the oil and gas company’s stock worth $1,763,000 after acquiring an additional 1,168 shares during the period. Truvestments Capital LLC boosted its stake in Chevron by 106.6% during the 1st quarter. Truvestments Capital LLC now owns 2,173 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 1,121 shares during the period. Wealth Preservation Advisors LLC bought a new stake in Chevron during the 1st quarter valued at approximately $82,000. B. Metzler seel. Sohn & Co. AG grew its holdings in Chevron by 50.5% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 62,809 shares of the oil and gas company’s stock valued at $10,507,000 after buying an additional 21,072 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Chevron by 1.5% during the first quarter. Transamerica Financial Advisors LLC now owns 11,009 shares of the oil and gas company’s stock worth $1,842,000 after buying an additional 161 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CVX shares. DZ Bank downgraded shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 6th. 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 on the stock. Morgan Stanley initiated coverage on Chevron in a report on Monday, August 4th. They set an “overweight” rating and a $174.00 price objective on the stock. TD Cowen increased their price objective on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, August 4th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Chevron in a research report on Friday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $163.95.

Chevron Price Performance

CVX opened at $159.14 on Thursday. 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 company’s 50 day simple moving average is $151.84 and its 200-day simple moving average is $148.78. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The stock has a market capitalization of $274.99 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.33 and a beta of 0.87.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 EPS 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 analyst estimates of $44.59 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the company earned $2.55 EPS. Sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.3%. Chevron’s dividend payout ratio is currently 88.03%.

Insider Activity at Chevron

In related news, Director John B. Hess sold 375,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the sale, the director directly owned 1,403,045 shares of the company’s stock, valued at approximately $222,102,023.50. The trade was a 21.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

Chevron 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.