Chevron Co. (NYSE:CVX) Shares Sold by Arlington Financial Advisors LLC

Arlington Financial Advisors LLC decreased its stake in shares of Chevron Co. (NYSE:CVXGet Rating) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,994 shares of the oil and gas company’s stock after selling 1,032 shares during the period. Chevron accounts for 1.8% of Arlington Financial Advisors LLC’s portfolio, making the stock its 13th largest position. Arlington Financial Advisors LLC’s holdings in Chevron were worth $3,908,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Your Advocates Ltd. LLP purchased a new stake in Chevron during the first quarter worth approximately $25,000. Cordant Inc. purchased a new stake in Chevron during the first quarter worth approximately $29,000. Joseph P. Lucia & Associates LLC purchased a new position in shares of Chevron in the first quarter valued at $30,000. Landmark Wealth Management LLC purchased a new position in shares of Chevron in the first quarter valued at $34,000. Finally, Byrne Asset Management LLC purchased a new position in shares of Chevron in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 69.30% of the company’s stock.

Insider Activity at Chevron

In related news, CFO Pierre R. Breber sold 22,500 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $158.11, for a total value of $3,557,475.00. Following the completion of the transaction, the chief financial officer now owns 7 shares in the company, valued at approximately $1,106.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Pierre R. Breber sold 22,500 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $158.11, for a total value of $3,557,475.00. Following the completion of the transaction, the chief financial officer now owns 7 shares in the company, valued at approximately $1,106.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James William Johnson sold 85,300 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $164.01, for a total transaction of $13,990,053.00. The disclosure for this sale can be found here. Insiders sold 141,732 shares of company stock worth $23,024,499 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Chevron Stock Down 0.1 %

CVX stock opened at $154.89 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. Chevron Co. has a fifty-two week low of $97.75 and a fifty-two week high of $182.40. The firm’s 50-day simple moving average is $155.74 and its 200 day simple moving average is $160.31. The stock has a market cap of $304.33 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. Chevron had a net margin of 13.45% and a return on equity of 19.73%. The business had revenue of $68.76 billion for the quarter, compared to analysts’ expectations of $57.69 billion. During the same quarter last year, the company earned $1.71 EPS. The company’s revenue for the quarter was up 82.9% compared to the same quarter last year. As a group, sell-side analysts predict that Chevron Co. will post 18.37 EPS for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were given a $1.42 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $5.68 dividend on an annualized basis and a yield of 3.67%. Chevron’s dividend payout ratio is presently 37.89%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CVX shares. Credit Suisse Group restated an “outperform” rating and issued a $202.00 target price on shares of Chevron in a research note on Thursday, August 11th. Truist Financial decreased their target price on shares of Chevron from $170.00 to $166.00 and set a “hold” rating for the company in a research note on Tuesday, July 19th. Citigroup decreased their target price 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. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and decreased their target price for the company from $183.00 to $167.00 in a research note on Wednesday, July 20th. Finally, Wells Fargo & Company increased their price objective on shares of Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus target price of $169.20.

Chevron Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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