180 Wealth Advisors LLC Lowers Position in Chevron Corporation $CVX

by · The Cerbat Gem

180 Wealth Advisors LLC lessened its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,133 shares of the oil and gas company’s stock after selling 177 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Chevron were worth $2,596,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Chevron by 27.3% during the first quarter. GAMMA Investing LLC now owns 32,329 shares of the oil and gas company’s stock valued at $5,408,000 after purchasing an additional 6,928 shares in the last quarter. Strategic Investment Advisors MI boosted its stake in Chevron by 12.8% in the first quarter. Strategic Investment Advisors MI now owns 1,729 shares of the oil and gas company’s stock worth $289,000 after buying an additional 196 shares in the last quarter. waypoint wealth counsel grew its position in Chevron by 4.4% during the first quarter. waypoint wealth counsel now owns 2,325 shares of the oil and gas company’s stock valued at $389,000 after acquiring an additional 98 shares during the last quarter. Independent Solutions Wealth Management LLC raised its stake in shares of Chevron by 0.8% during the first quarter. Independent Solutions Wealth Management LLC now owns 24,573 shares of the oil and gas company’s stock worth $4,111,000 after acquiring an additional 202 shares in the last quarter. Finally, DORVAL Corp purchased a new position in shares of Chevron during the first quarter worth approximately $215,000. 72.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 3,978 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $160.00, for a total value of $636,480.00. Following the sale, the vice president directly owned 1,181 shares of the company’s stock, valued at $188,960. This represents a 77.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Hess sold 375,000 shares of the firm’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 transaction, the director directly owned 1,403,045 shares of the company’s stock, valued at $222,102,023.50. This represents a 21.09% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

Chevron Price Performance

Shares of CVX stock opened at $156.48 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00. The firm has a market cap of $270.39 billion, a P/E ratio of 20.14, a P/E/G ratio of 4.42 and a beta of 0.84. The business’s 50 day moving average price is $156.05 and its 200-day moving average price is $148.25. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

Chevron (NYSE:CVX – Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.58 by $0.19. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The firm had revenue of $44.82 billion during the quarter, compared to analysts’ expectations of $44.59 billion. During the same period last year, the company posted $2.55 EPS. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, August 19th. Chevron’s payout ratio is presently 88.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CVX shares. Wells Fargo & Company started coverage on shares of Chevron in a research note on Friday, October 17th. They issued an “overweight” rating and a $190.00 price objective for the company. Piper Sandler raised their price objective on Chevron from $164.00 to $168.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Scotiabank increased their target price on Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, TD Cowen lifted their price target on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Chevron presently has a consensus rating of “Hold” and an average price target of $165.25.

View Our Latest Analysis on CVX

Chevron Company Profile

(Free Report)

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.

Featured Stories