National Pension Service Acquires 133,868 Shares of Chevron Corporation $CVX

National Pension Service increased its stake in shares of Chevron Corporation (NYSE:CVX) by 4.0% during the second quarter, HoldingsChannel.com reports. The fund owned 3,461,940 shares of the oil and gas company’s stock after purchasing an additional 133,868 shares during the period. National Pension Service’s holdings in Chevron were worth $495,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Glynn Capital Management LLC bought a new stake in Chevron during the second quarter worth approximately $843,000. Advyzon Investment Management LLC lifted its stake in shares of Chevron by 27.2% in the second quarter. Advyzon Investment Management LLC now owns 4,688 shares of the oil and gas company’s stock worth $671,000 after buying an additional 1,003 shares during the last quarter. Winch Advisory Services LLC lifted its stake in shares of Chevron by 2.4% in the second quarter. Winch Advisory Services LLC now owns 6,663 shares of the oil and gas company’s stock worth $954,000 after buying an additional 158 shares during the last quarter. Fagan Associates Inc. boosted its holdings in shares of Chevron by 1.4% during the 2nd quarter. Fagan Associates Inc. now owns 70,187 shares of the oil and gas company’s stock worth $10,050,000 after buying an additional 958 shares during the period. Finally, Clarity Wealth Advisors LLC grew its stake in Chevron by 1.7% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 4,170 shares of the oil and gas company’s stock valued at $597,000 after buying an additional 69 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John B. Hess sold 375,000 shares of the firm’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 transaction, the director directly owned 1,403,045 shares of the company’s stock, valued at approximately $222,102,023.50. This trade represents a 21.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Alana K. Knowles sold 3,978 shares of Chevron 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 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 disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

Chevron Trading Up 0.3%

Shares of CVX opened at $156.05 on Wednesday. The stock’s 50-day moving average price is $155.33 and its 200 day moving average price is $150.04. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $269.65 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 4.40 and a beta of 0.83. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $2.48 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th will be paid a dividend of $1.71 per share. The ex-dividend date is Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.4%. Chevron’s payout ratio is currently 96.20%.

Analyst Ratings Changes

Several research analysts recently commented on CVX shares. Mizuho dropped their target price on shares of Chevron from $192.00 to $191.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. UBS Group lifted their price objective on Chevron from $186.00 to $197.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company began coverage on Chevron in a report on Friday, October 17th. They issued an “overweight” rating and a $190.00 target price on the stock. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $165.45.

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.