Asset Planning Services Inc. LA ADV Purchases 115 Shares of Chevron Corporation $CVX

Asset Planning Services Inc. LA ADV grew its position in shares of Chevron Corporation (NYSE:CVX) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 43,705 shares of the oil and gas company’s stock after acquiring an additional 115 shares during the period. Chevron comprises about 2.9% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 14th largest holding. Asset Planning Services Inc. LA ADV’s holdings in Chevron were worth $6,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sovereign Financial Group Inc. lifted its position in Chevron by 7.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 2,895 shares of the oil and gas company’s stock valued at $484,000 after acquiring an additional 207 shares during the period. Congress Asset Management Co. increased its stake in shares of Chevron by 0.8% during the first quarter. Congress Asset Management Co. now owns 83,034 shares of the oil and gas company’s stock valued at $13,891,000 after purchasing an additional 626 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Chevron by 43.7% during the first quarter. Princeton Global Asset Management LLC now owns 1,602 shares of the oil and gas company’s stock valued at $268,000 after purchasing an additional 487 shares during the last quarter. Perennial Advisors LLC bought a new stake in shares of Chevron in the 1st quarter worth approximately $867,000. Finally, Wedmont Private Capital boosted its position in shares of Chevron by 9.2% in the 1st quarter. Wedmont Private Capital now owns 15,023 shares of the oil and gas company’s stock worth $2,513,000 after purchasing an additional 1,261 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, VP Alana K. Knowles sold 3,978 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $160.00, for a total transaction of $636,480.00. Following the completion of the sale, the vice president directly owned 1,181 shares in the company, valued at $188,960. The trade was a 77.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Hess sold 375,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the completion of the transaction, the director owned 1,403,045 shares in the company, valued at $222,102,023.50. This trade represents a 21.09% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Chevron in a research note on Friday, July 18th. Melius Research assumed coverage on Chevron in a report on Wednesday, August 20th. They set a “hold” rating and a $155.00 price target for the company. Morgan Stanley started coverage on shares of Chevron in a research note on Monday, August 4th. They issued an “overweight” rating and a $174.00 price target on the stock. Evercore ISI reissued an “outperform” rating and set a $180.00 price objective on shares of Chevron in a research report on Thursday, July 31st. Finally, Bank of America lifted their target price on shares of Chevron from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $165.05.

Chevron Stock Up 0.1%

Shares of Chevron stock opened at $153.59 on Monday. The company has a market cap of $265.40 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.99 and a beta of 0.84. The company’s 50 day moving average is $156.23 and its 200 day moving average is $148.87. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. 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 posted its earnings results on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. The business had revenue of $44.82 billion during the quarter, compared to the consensus estimate of $44.59 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The firm’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.55 EPS. Research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were given 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 dividend payout ratio is 88.03%.

Chevron Company Profile

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.