3,205 Shares in Chevron Corporation $CVX Acquired by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC bought a new stake in Chevron Corporation (NYSE:CVX) during the second quarter, Holdings Channel.com reports. The fund bought 3,205 shares of the oil and gas company’s stock, valued at approximately $531,000.

Several other hedge funds have also bought and sold shares of CVX. Midwest Capital Advisors LLC purchased a new stake in shares of Chevron during the 1st quarter valued at $25,000. Core Wealth Advisors LLC purchased a new position in Chevron in the fourth quarter worth $26,000. Phillip James Consulting Co. bought a new position in Chevron in the fourth quarter valued at $26,000. Basso Capital Management L.P. bought a new position in Chevron in the fourth quarter valued at $27,000. Finally, Karpus Management Inc. purchased a new stake in Chevron during the fourth quarter valued at about $27,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Down 0.0%

CVX opened at $199.99 on Monday. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $214.71. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $183.30 and its 200-day moving average price is $187.01. The company has a market cap of $395.13 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.61 and a beta of 0.49.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.Chevron’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the company earned $1.77 EPS. On average, equities analysts expect that Chevron Corporation will post 15.86 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a $1.78 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.6%. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Analyst Upgrades and Downgrades

CVX has been the subject of several research analyst reports. Mizuho set a $224.00 price target on Chevron in a research note on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and issued a $216.00 target price on shares of Chevron in a research report on Friday, July 10th. Dbs Bank raised Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 price target on shares of Chevron in a research report on Tuesday, May 5th. Finally, Scotiabank lifted their price target on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.48.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 5,547 shares of Chevron stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total value of $1,037,289.00. Following the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $4,919,596. The trade was a 17.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Hess sold 710,665 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the sale, the director owned 363,711 shares of the company’s stock, valued at $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,196,212 shares of company stock worth $231,819,366. 0.56% of the stock is owned by insiders.

Chevron Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.