Chevron Corporation $CVX Stock Holdings Boosted by Northwest Wealth Management LLC

Northwest Wealth Management LLC increased its stake in Chevron Corporation (NYSE:CVX) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,842 shares of the oil and gas company’s stock after purchasing an additional 93 shares during the quarter. Northwest Wealth Management LLC’s holdings in Chevron were worth $264,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Raleigh Capital Management Inc. lifted its holdings in Chevron by 3.3% in the second quarter. Raleigh Capital Management Inc. now owns 13,452 shares of the oil and gas company’s stock worth $1,926,000 after purchasing an additional 432 shares during the period. LexAurum Advisors LLC lifted its holdings in Chevron by 17.3% in the second quarter. LexAurum Advisors LLC now owns 12,710 shares of the oil and gas company’s stock worth $1,820,000 after purchasing an additional 1,872 shares during the period. Kavar Capital Partners Group LLC lifted its holdings in Chevron by 3.5% in the second quarter. Kavar Capital Partners Group LLC now owns 23,294 shares of the oil and gas company’s stock worth $3,335,000 after purchasing an additional 784 shares during the period. Claris Advisors LLC MO lifted its holdings in Chevron by 9.2% in the second quarter. Claris Advisors LLC MO now owns 2,467 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 208 shares during the period. Finally, Venture Visionary Partners LLC lifted its holdings in Chevron by 0.7% in the second quarter. Venture Visionary Partners LLC now owns 108,396 shares of the oil and gas company’s stock worth $15,521,000 after purchasing an additional 744 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CVX. Scotiabank reaffirmed a “sector perform” rating and issued a $160.00 price objective (up previously from $143.00) on shares of Chevron in a report on Friday, July 11th. Bank of America upped their price objective on shares of Chevron from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Melius initiated coverage on shares of Chevron in a report on Wednesday, August 20th. They issued a “hold” rating and a $155.00 price target for the company. Morgan Stanley initiated coverage on shares of Chevron in a report on Monday, August 4th. They issued an “overweight” rating and a $174.00 price target for the company. Finally, Barclays reissued an “equal weight” rating on shares of Chevron in a report on Tuesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $165.05.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 375,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the completion of the sale, the director directly owned 1,403,045 shares of the company’s stock, valued at approximately $222,102,023.50. This represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alana K. Knowles sold 3,978 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $160.00, for a total transaction 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 disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Chevron Price Performance

CVX stock opened at $156.13 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The firm has a market capitalization of $269.79 billion, a PE ratio of 20.09, a P/E/G ratio of 2.00 and a beta of 0.90. The firm has a 50-day moving average of $156.17 and a two-hundred day moving average of $149.09.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The company had revenue of $44.82 billion during the quarter, compared to analyst estimates of $44.59 billion. During the same period in the prior year, the firm earned $2.55 earnings per share. The business’s quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts forecast 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 paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.4%. Chevron’s dividend payout ratio is currently 88.03%.

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.