TRUE Private Wealth Advisors Has $1.38 Million Stake in Chevron Co. (NYSE:CVX)

TRUE Private Wealth Advisors decreased its stake in Chevron Co. (NYSE:CVX) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,653 shares of the oil and gas company’s stock after selling 741 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Chevron were worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CVX. Guidant Wealth Advisors grew its holdings in shares of Chevron by 63.9% during the second quarter. Guidant Wealth Advisors now owns 259 shares of the oil and gas company’s stock worth $32,000 after buying an additional 101 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new stake in shares of Chevron in the second quarter valued at approximately $34,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Chevron in the second quarter valued at approximately $46,000. Cordasco Financial Network lifted its position in shares of Chevron by 55.3% in the second quarter. Cordasco Financial Network now owns 379 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 135 shares during the last quarter. Finally, CKW Financial Group lifted its position in shares of Chevron by 154.0% in the second quarter. CKW Financial Group now owns 414 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 251 shares during the last quarter. 65.61% of the stock is currently owned by hedge funds and other institutional investors.

CVX has been the subject of several research reports. Morgan Stanley dropped their price target on Chevron from $146.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Barclays initiated coverage on Chevron in a report on Monday, August 19th. They set an “overweight” rating and a $145.00 price target for the company. Cowen set a $140.00 price target on Chevron and gave the stock a “buy” rating in a report on Friday, August 30th. BMO Capital Markets initiated coverage on Chevron in a report on Tuesday, August 20th. They set an “outperform” rating and a $165.00 price target for the company. Finally, Independent Research set a $127.00 price target on Chevron and gave the stock a “neutral” rating in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Chevron currently has a consensus rating of “Buy” and an average price target of $137.47.

In related news, insider Joseph C. Geagea sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $122.50, for a total transaction of $980,000.00. Following the sale, the insider now owns 9,243 shares in the company, valued at approximately $1,132,267.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Debra L. Reed acquired 4,250 shares of Chevron stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of $118.14 per share, for a total transaction of $502,095.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 86,750 shares of company stock worth $10,648,200. Corporate insiders own 0.31% of the company’s stock.

Chevron stock traded up $1.19 during mid-day trading on Wednesday, reaching $112.90. 116,756 shares of the company were exchanged, compared to its average volume of 6,611,805. The company has a fifty day simple moving average of $118.60 and a 200-day simple moving average of $120.88. Chevron Co. has a 12 month low of $100.22 and a 12 month high of $127.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.15 and a quick ratio of 0.91. The firm has a market cap of $216.13 billion, a PE ratio of 13.69, a PEG ratio of 4.20 and a beta of 0.99.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.53. Chevron had a return on equity of 9.58% and a net margin of 9.18%. The firm had revenue of $38.85 billion for the quarter, compared to analyst estimates of $40.14 billion. During the same quarter last year, the company earned $1.78 EPS. The company’s revenue was down 8.0% on a year-over-year basis. Sell-side analysts anticipate that Chevron Co. will post 6.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were paid a $1.19 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.76 annualized dividend and a dividend yield of 4.22%. Chevron’s payout ratio is 57.70%.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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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