Warther Private Wealth LLC Has $339,000 Stock Holdings in Chevron Corporation $CVX

Warther Private Wealth LLC decreased its position in shares of Chevron Corporation (NYSE:CVX) by 13.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,365 shares of the oil and gas company’s stock after selling 370 shares during the quarter. Warther Private Wealth LLC’s holdings in Chevron were worth $339,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CVX. Castle Wealth Management LLC raised its position in shares of Chevron by 12.4% during the 2nd quarter. Castle Wealth Management LLC now owns 7,780 shares of the oil and gas company’s stock valued at $1,114,000 after acquiring an additional 860 shares during the last quarter. Principle Wealth Partners LLC raised its position in shares of Chevron by 36.7% during the 2nd quarter. Principle Wealth Partners LLC now owns 53,001 shares of the oil and gas company’s stock valued at $7,589,000 after acquiring an additional 14,224 shares during the last quarter. Sonata Capital Group Inc. raised its position in shares of Chevron by 5.2% during the 2nd quarter. Sonata Capital Group Inc. now owns 2,020 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 100 shares during the last quarter. LifeWealth Investments LLC raised its position in shares of Chevron by 112.1% during the 2nd quarter. LifeWealth Investments LLC now owns 4,643 shares of the oil and gas company’s stock valued at $665,000 after acquiring an additional 2,454 shares during the last quarter. Finally, Granite Harbor Advisors Inc. raised its position in shares of Chevron by 21.7% during the 2nd quarter. Granite Harbor Advisors Inc. now owns 3,332 shares of the oil and gas company’s stock valued at $477,000 after acquiring an additional 593 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Transactions at Chevron

In related news, VP Alana K. Knowles sold 3,978 shares of Chevron 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 transaction, the vice president owned 1,181 shares in the company, valued at approximately $188,960. This trade represents a 77.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John B. Hess sold 375,000 shares of Chevron stock in a transaction dated 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 transaction, the director owned 1,403,045 shares of the company’s stock, valued at $222,102,023.50. The trade was a 21.09% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Chevron Trading Up 1.1%

Chevron stock opened at $155.45 on Thursday. The firm has a 50-day moving average of $156.03 and a 200-day moving average of $148.13. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74. The company has a market cap of $268.61 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.05 and a beta of 0.84.

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, topping 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 the consensus estimate of $44.59 billion. During the same period in the prior year, the business posted $2.55 EPS. The company’s quarterly revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

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. The ex-dividend date 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 (DPR) is presently 88.03%.

Analyst Ratings Changes

Several analysts have commented on the stock. Melius assumed coverage on shares of Chevron in a research report on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Chevron in a research report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, October 8th. TD Cowen upped their price objective on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research report on Monday, August 4th. Finally, Melius Research initiated coverage on shares of Chevron in a research report on Wednesday, August 20th. They issued a “hold” rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $165.25.

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.