Sequoia Financial Advisors LLC Purchases 13,053 Shares of Chevron Corporation $CVX

Sequoia Financial Advisors LLC boosted its position in shares of Chevron Corporation (NYSE:CVX) by 8.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 173,771 shares of the oil and gas company’s stock after purchasing an additional 13,053 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Chevron were worth $28,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Midwest Capital Advisors LLC bought a new stake in shares of Chevron during the first quarter worth approximately $25,000. Main Street Group LTD bought a new position in Chevron in the first quarter valued at approximately $28,000. Phillip James Consulting Co. bought a new position in Chevron in the fourth quarter valued at approximately $26,000. Kilter Group LLC acquired a new stake in Chevron during the 2nd quarter worth $28,000. Finally, Core Wealth Advisors LLC acquired a new stake in Chevron during the 4th quarter worth $26,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 1.9%

CVX opened at $213.69 on Thursday. The firm’s fifty day moving average is $193.75 and its two-hundred day moving average is $190.40. The firm has a market cap of $422.20 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 0.62 and a beta of 0.50. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $215.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The firm’s revenue was up 57.4% on a year-over-year basis. Equities research analysts anticipate that Chevron Corporation will post 16.51 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $1.78 per share. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.3%. Chevron’s payout ratio is currently 68.26%.

Insiders Place Their Bets

In other Chevron news, Director John Hess sold 710,665 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the completion of the transaction, the director directly owned 363,711 shares of the company’s stock, valued at approximately $70,596,305.10. The trade was a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares in the company, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last three months. Insiders own 0.56% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Brent crude rose above $100 per barrel and WTI topped $95 amid escalating Middle East tensions. Higher oil prices can support Chevron’s upstream revenue, earnings and cash flow. Comparing Energy ETFs: Positioning Portfolios as Oil Hits $100
• Positive Sentiment: Chevron plans to double its Venezuelan oil rigs as part of a five-year, roughly $7 billion investment program, targeting production of up to 600,000 barrels per day by 2031. The expansion offers significant long-term volume growth if political, regulatory and operating conditions cooperate. Chevron to double oil rigs in Venezuela as part of growth plan
• Positive Sentiment: Chief Financial Officer Eimear Bonner emphasized Chevron’s scale, cost-efficiency efforts in U.S. shale and global expansion. Investors may view these initiatives, along with Hess-related synergies and strong free cash flow, as evidence of greater financial flexibility. Chevron CFO Says Oil Giant Is Bigger, Better and Stronger Than We’ve Ever Been
• Positive Sentiment: Chevron remains attractive to income-oriented investors because of its scale, balance-sheet strength and shareholder returns, particularly while energy prices are elevated. Oil Prices Are Climbing, Yet These 3 Energy Stocks Yield 3%+

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Barclays decreased their price objective on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $216.00 price objective on shares of Chevron in a report on Friday, July 10th. Bank of America increased their target price on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, UBS Group restated a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Twenty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average target price of $211.35.

About Chevron

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.