Chevron Corporation $CVX Position Increased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its holdings in Chevron Corporation (NYSE:CVX) by 18.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 129,860 shares of the oil and gas company’s stock after buying an additional 20,624 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Chevron were worth $18,595,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CVX. Carrera Capital Advisors lifted its stake in Chevron by 100.1% in the first quarter. Carrera Capital Advisors now owns 5,068 shares of the oil and gas company’s stock valued at $848,000 after buying an additional 2,535 shares during the last quarter. Shoker Investment Counsel Inc. lifted its holdings in shares of Chevron by 1.7% in the first quarter. Shoker Investment Counsel Inc. now owns 22,488 shares of the oil and gas company’s stock valued at $3,762,000 after buying an additional 382 shares during the period. Galvin Gaustad & Stein LLC boosted its position in shares of Chevron by 1.6% during the 1st quarter. Galvin Gaustad & Stein LLC now owns 72,517 shares of the oil and gas company’s stock valued at $12,131,000 after purchasing an additional 1,114 shares in the last quarter. Beacon Bridge Wealth Partners LLC acquired a new stake in Chevron during the first quarter valued at approximately $203,000. Finally, Eagle Bluffs Wealth Management LLC boosted its stake in shares of Chevron by 2.4% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 6,064 shares of the oil and gas company’s stock worth $1,014,000 after acquiring an additional 141 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the transaction, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alana K. Knowles sold 3,978 shares of the 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 owned 1,181 shares in the company, valued at $188,960. The trade was a 77.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Chevron Stock Performance

CVX stock opened at $149.79 on Tuesday. The firm has a 50 day moving average of $154.68 and a two-hundred day moving average of $151.04. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a market capitalization of $301.61 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 4.40 and a beta of 0.83. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The company had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter in the prior year, the company posted $2.48 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.6%. Chevron’s dividend payout ratio is currently 96.20%.

Analyst Ratings Changes

Several analysts have issued reports on CVX shares. Melius Research began coverage on Chevron in a report on Wednesday, August 20th. They set a “hold” rating and a $155.00 price objective on the stock. Scotiabank lifted their target price on shares of Chevron from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. TD Cowen boosted their price target on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a report on Monday, August 4th. Wells Fargo & Company upped their price target on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, Morgan Stanley raised their price objective on shares of Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $166.55.

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.