Intrua Financial LLC Has $4.93 Million Stock Position in Chevron Co. (NYSE:CVX)

Intrua Financial LLC raised its stake in Chevron Co. (NYSE:CVXGet Rating) by 3.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 34,018 shares of the oil and gas company’s stock after buying an additional 1,051 shares during the period. Chevron comprises 1.0% of Intrua Financial LLC’s holdings, making the stock its 19th largest position. Intrua Financial LLC’s holdings in Chevron were worth $4,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cordant Inc. bought a new stake in shares of Chevron in the 1st quarter valued at $29,000. Orion Capital Management LLC boosted its stake in Chevron by 85.0% in the 1st quarter. Orion Capital Management LLC now owns 222 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 102 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Chevron during the 1st quarter valued at $36,000. Win Advisors Inc. increased its stake in shares of Chevron by 61.2% in the second quarter. Win Advisors Inc. now owns 316 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 120 shares during the period. Finally, Joseph P. Lucia & Associates LLC increased its position in Chevron by 80.6% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 336 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 150 shares during the period. Institutional investors own 69.30% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, Director Alice P. Gast sold 2,706 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $179.44, for a total value of $485,564.64. Following the transaction, the director now owns 21,964 shares in the company, valued at $3,941,220.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chevron news, Director Alice P. Gast sold 2,706 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $179.44, for a total value of $485,564.64. Following the completion of the sale, the director now owns 21,964 shares in the company, valued at approximately $3,941,220.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael K. Wirth sold 55,380 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $185.09, for a total transaction of $10,250,284.20. The disclosure for this sale can be found here. Insiders sold 125,097 shares of company stock valued at $22,971,967 in the last quarter. Company insiders own 0.32% of the company’s stock.

Chevron Trading Down 0.9 %

Chevron stock traded down $1.65 during mid-day trading on Thursday, hitting $184.24. The company’s stock had a trading volume of 5,831,218 shares, compared to its average volume of 8,293,712. The business has a 50 day moving average price of $168.12 and a 200-day moving average price of $161.64. Chevron Co. has a 12 month low of $110.73 and a 12 month high of $189.68. The stock has a market cap of $356.25 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.40 and a quick ratio of 1.15.

Chevron (NYSE:CVXGet Rating) last issued its earnings results on Friday, October 28th. The oil and gas company reported $5.56 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.34. The company had revenue of $66.64 billion during the quarter, compared to analysts’ expectations of $61.44 billion. Chevron had a return on equity of 22.36% and a net margin of 14.36%. Chevron’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.96 EPS. As a group, analysts forecast that Chevron Co. will post 19.24 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 18th will be issued a dividend of $1.42 per share. The ex-dividend date is Thursday, November 17th. This represents a $5.68 dividend on an annualized basis and a yield of 3.08%. Chevron’s dividend payout ratio is currently 32.31%.

Analyst Upgrades and Downgrades

CVX has been the topic of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Credit Suisse Group reiterated an “outperform” rating and set a $202.00 price target on shares of Chevron in a report on Thursday, August 11th. Morgan Stanley boosted their price objective on Chevron from $193.00 to $196.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 19th. StockNews.com assumed coverage on Chevron in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Jefferies Financial Group initiated coverage on Chevron in a report on Wednesday, October 19th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $179.85.

Chevron Profile

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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