Cobblestone Capital Advisors LLC NY Has $4.69 Million Stake in Chevron Corporation $CVX

Cobblestone Capital Advisors LLC NY grew its holdings in Chevron Corporation (NYSE:CVX) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,771 shares of the oil and gas company’s stock after buying an additional 497 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Chevron were worth $4,692,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CVX. Allspring Global Investments Holdings LLC lifted its holdings in Chevron by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 272,306 shares of the oil and gas company’s stock worth $45,886,000 after purchasing an additional 8,434 shares during the last quarter. Bordeaux Wealth Advisors LLC lifted its holdings in Chevron by 70.4% during the 1st quarter. Bordeaux Wealth Advisors LLC now owns 5,446 shares of the oil and gas company’s stock worth $911,000 after purchasing an additional 2,250 shares during the last quarter. Confluence Wealth Services Inc. lifted its holdings in Chevron by 1.1% during the 1st quarter. Confluence Wealth Services Inc. now owns 41,904 shares of the oil and gas company’s stock worth $7,010,000 after purchasing an additional 469 shares during the last quarter. Westend Capital Management LLC lifted its holdings in Chevron by 97.4% during the 1st quarter. Westend Capital Management LLC now owns 1,230 shares of the oil and gas company’s stock worth $206,000 after purchasing an additional 607 shares during the last quarter. Finally, Mendel Capital Management LLC lifted its holdings in Chevron by 10.7% during the 1st quarter. Mendel Capital Management LLC now owns 6,384 shares of the oil and gas company’s stock worth $1,068,000 after purchasing an additional 619 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chevron

In other news, VP Alana K. Knowles sold 3,978 shares of Chevron 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 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 position. The sale 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 on Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the completion of the transaction, the director owned 1,403,045 shares in the company, valued at approximately $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 0.20% of the company’s stock.

Chevron Price Performance

Chevron stock opened at $155.63 on Monday. The stock’s fifty day moving average price is $156.04 and its two-hundred day moving average price is $148.48. 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 firm has a market cap of $268.92 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.84.

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

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a $1.71 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.4%. Chevron’s dividend payout ratio (DPR) is presently 88.03%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho dropped their price target on Chevron from $192.00 to $191.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Morgan Stanley started coverage on Chevron in a research note on Monday, August 4th. They set an “overweight” rating and a $174.00 price objective on the stock. Bank of America raised their price objective on Chevron from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Barclays lowered their price objective on Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Finally, Scotiabank raised their price objective on Chevron from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $165.25.

Chevron 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.