Asset Planning Services Inc. LA ADV Boosts Stake in Chevron Corporation $CVX

Asset Planning Services Inc. LA ADV boosted its holdings in Chevron Corporation (NYSE:CVX) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,705 shares of the oil and gas company’s stock after acquiring an additional 115 shares during the quarter. Chevron accounts for about 2.9% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 14th largest position. Asset Planning Services Inc. LA ADV’s holdings in Chevron were worth $6,258,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of Chevron by 1.0% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 29,342 shares of the oil and gas company’s stock worth $4,201,000 after purchasing an additional 286 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in Chevron by 0.4% in the 2nd quarter. Confluence Wealth Services Inc. now owns 42,074 shares of the oil and gas company’s stock worth $6,025,000 after buying an additional 170 shares in the last quarter. Eads & Heald Wealth Management grew its stake in Chevron by 6.7% in the 2nd quarter. Eads & Heald Wealth Management now owns 13,390 shares of the oil and gas company’s stock worth $1,917,000 after buying an additional 839 shares in the last quarter. Autumn Glory Partners LLC increased its holdings in shares of Chevron by 44.8% in the 2nd quarter. Autumn Glory Partners LLC now owns 16,059 shares of the oil and gas company’s stock worth $2,299,000 after buying an additional 4,971 shares during the last quarter. Finally, PUREfi Wealth LLC raised its position in shares of Chevron by 33.0% during the 2nd quarter. PUREfi Wealth LLC now owns 2,864 shares of the oil and gas company’s stock valued at $410,000 after buying an additional 710 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of Chevron stock opened at $153.59 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The business’s 50 day simple moving average is $156.23 and its two-hundred day simple moving average is $148.87. The stock has a market capitalization of $265.40 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.99 and a beta of 0.84.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The firm had revenue of $44.82 billion during the quarter, compared to analyst estimates of $44.59 billion. During the same quarter in the prior year, the firm posted $2.55 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. Analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, August 19th. Chevron’s payout ratio is currently 88.03%.

Insider Buying and Selling

In other Chevron news, VP Alana K. Knowles sold 3,978 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president owned 1,181 shares in the company, valued at approximately $188,960. This trade represents a 77.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John B. Hess sold 375,000 shares of Chevron stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $158.30, for a total value of $59,362,500.00. Following the completion of the sale, the director owned 1,403,045 shares in the company, valued at approximately $222,102,023.50. This represents a 21.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

CVX has been the subject of several research reports. UBS Group upped their target price on shares of Chevron from $186.00 to $197.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. TD Cowen upped their price objective on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a report on Monday, August 4th. Raymond James Financial reiterated an “outperform” rating on shares of Chevron in a research report on Friday, August 1st. Barclays restated an “equal weight” rating on shares of Chevron in a research report on Tuesday, July 15th. Finally, Mizuho cut their target price on Chevron from $192.00 to $191.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $165.05.

About Chevron

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.