Roxbury Financial LLC Sells 273 Shares of Chevron Corporation $CVX

Roxbury Financial LLC lessened its holdings in Chevron Corporation (NYSE:CVX) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,201 shares of the oil and gas company’s stock after selling 273 shares during the period. Roxbury Financial LLC’s holdings in Chevron were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenfield Savings Bank increased its holdings in shares of Chevron by 0.6% in the second quarter. Greenfield Savings Bank now owns 11,611 shares of the oil and gas company’s stock valued at $1,663,000 after purchasing an additional 68 shares during the last quarter. Abner Herrman & Brock LLC boosted its holdings in shares of Chevron by 0.7% during the 2nd quarter. Abner Herrman & Brock LLC now owns 93,239 shares of the oil and gas company’s stock worth $13,351,000 after buying an additional 650 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Chevron by 20.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 24,776 shares of the oil and gas company’s stock valued at $3,548,000 after buying an additional 4,230 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in Chevron by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 30,887 shares of the oil and gas company’s stock valued at $4,423,000 after acquiring an additional 102 shares during the period. Finally, RB Capital Management LLC lifted its position in Chevron by 6.3% during the second quarter. RB Capital Management LLC now owns 31,654 shares of the oil and gas company’s stock worth $4,533,000 after acquiring an additional 1,862 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Stock Down 0.6%

CVX stock opened at $157.23 on Friday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The business has a 50-day simple moving average of $154.67 and a 200 day simple moving average of $148.85. 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 company has a market cap of $271.69 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.90.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (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 firm had revenue of $44.82 billion for the quarter, compared to the consensus estimate of $44.59 billion. During the same period in the prior year, the company posted $2.55 earnings per share. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. Sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on CVX. Bank of America increased their target price on Chevron from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group increased their price objective on Chevron from $186.00 to $197.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Scotiabank reissued a “sector perform” rating and set a $160.00 target price (up previously from $143.00) on shares of Chevron in a report on Friday, July 11th. Barclays restated an “equal weight” rating on shares of Chevron in a research note on Tuesday, July 15th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $180.00 price objective on shares of Chevron in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $164.80.

Insider Activity at Chevron

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

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.