180 Wealth Advisors LLC Reduces Stake in Chevron Co. (NYSE:CVX)

180 Wealth Advisors LLC lowered its stake in Chevron Co. (NYSE:CVXGet Rating) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,739 shares of the oil and gas company’s stock after selling 1,439 shares during the period. 180 Wealth Advisors LLC’s holdings in Chevron were worth $2,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KRS Capital Management LLC bought a new stake in Chevron in the fourth quarter worth about $177,000. Axiom Advisory LLC bought a new stake in Chevron in the fourth quarter worth about $573,000. Invesco Ltd. lifted its stake in Chevron by 6.8% in the fourth quarter. Invesco Ltd. now owns 14,400,260 shares of the oil and gas company’s stock worth $1,689,870,000 after purchasing an additional 917,773 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in Chevron by 2.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 20,096 shares of the oil and gas company’s stock worth $2,358,000 after purchasing an additional 405 shares during the last quarter. Finally, Quilter Plc lifted its stake in Chevron by 53.3% in the fourth quarter. Quilter Plc now owns 397,254 shares of the oil and gas company’s stock worth $47,377,000 after purchasing an additional 138,153 shares during the last quarter. Hedge funds and other institutional investors own 69.30% of the company’s stock.

Insider Activity at Chevron

In related news, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the completion of the sale, the director now owns 3,560 shares of the company’s stock, valued at approximately $574,762. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the completion of the sale, the director now owns 3,560 shares of the company’s stock, valued at approximately $574,762. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Pierre R. Breber sold 22,500 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $158.11, for a total transaction of $3,557,475.00. Following the completion of the sale, the chief financial officer now directly owns 7 shares of the company’s stock, valued at approximately $1,106.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,732 shares of company stock valued at $23,024,499. Corporate insiders own 0.32% of the company’s stock.

Chevron Stock Down 2.6 %

CVX opened at $156.45 on Monday. Chevron Co. has a twelve month low of $93.31 and a twelve month high of $182.40. The company has a quick ratio of 1.11, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $154.36 and a 200 day moving average price of $160.41. The company has a market cap of $307.39 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping the consensus estimate of $4.66 by $1.16. Chevron had a net margin of 13.45% and a return on equity of 19.73%. The firm had revenue of $68.76 billion during the quarter, compared to the consensus estimate of $57.69 billion. During the same quarter in the prior year, the firm earned $1.71 EPS. The company’s revenue for the quarter was up 82.9% on a year-over-year basis. Sell-side analysts expect that Chevron Co. will post 18.4 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $5.68 annualized dividend and a yield of 3.63%. Chevron’s dividend payout ratio is presently 37.89%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Chevron from $189.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. Barclays lifted their price target on shares of Chevron from $183.00 to $196.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Cowen lifted their price target on shares of Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Societe Generale raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Finally, Citigroup reduced their price objective on shares of Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.20.

Chevron Profile

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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