Chevron Corporation $CVX Shares Bought by Willner & Heller LLC

Willner & Heller LLC grew its holdings in Chevron Corporation (NYSE:CVX) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,272 shares of the oil and gas company’s stock after acquiring an additional 105 shares during the quarter. Willner & Heller LLC’s holdings in Chevron were worth $325,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Oak Hill Wealth Advisors LLC raised its position in shares of Chevron by 1.9% in the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 12,755 shares of the oil and gas company’s stock valued at $1,955,000 after purchasing an additional 235 shares during the last quarter. Signature Wealth Management Partners LLC increased its stake in Chevron by 3.0% during the 2nd quarter. Signature Wealth Management Partners LLC now owns 3,635 shares of the oil and gas company’s stock valued at $520,000 after purchasing an additional 105 shares in the last quarter. Sava Infond d.o.o. raised its holdings in shares of Chevron by 14.7% in the second quarter. Sava Infond d.o.o. now owns 20,850 shares of the oil and gas company’s stock worth $2,986,000 after buying an additional 2,670 shares during the last quarter. LGT Fund Management Co Ltd. lifted its stake in shares of Chevron by 38.6% during the second quarter. LGT Fund Management Co Ltd. now owns 10,999 shares of the oil and gas company’s stock worth $1,575,000 after buying an additional 3,066 shares during the period. Finally, Future Financial Wealth Managment LLC lifted its stake in shares of Chevron by 211.3% during the second quarter. Future Financial Wealth Managment LLC now owns 741 shares of the oil and gas company’s stock worth $106,000 after buying an additional 503 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Activity

In other Chevron news, VP Alana K. Knowles sold 3,978 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $160.00, for a total transaction of $636,480.00. Following the transaction, the vice president owned 1,181 shares in the company, valued at approximately $188,960. This represents a 77.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John B. Hess sold 375,000 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 1,403,045 shares of the company’s stock, valued at $222,102,023.50. This trade represents a 21.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CVX shares. Evercore ISI restated an “outperform” rating and issued a $180.00 target price on shares of Chevron in a research note on Thursday, July 31st. Scotiabank restated a “sector perform” rating and issued a $160.00 price objective (up from $143.00) on shares of Chevron in a research note on Friday, July 11th. TD Cowen lifted their target price on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a report on Monday, August 4th. Bank of America increased their price target on shares of Chevron from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, Morgan Stanley began coverage on shares of Chevron in a research report on Monday, August 4th. They set an “overweight” rating and a $174.00 price target for the company. 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 company. According to data from MarketBeat, Chevron currently has an average rating of “Hold” and an average price target of $165.05.

Chevron Stock Up 0.1%

Chevron stock opened at $153.59 on Friday. The business’s 50-day moving average price is $156.23 and its 200 day moving average price is $148.99. 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 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. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96.

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

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a $1.71 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. Chevron’s dividend payout ratio is 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.