Advisory Services Network LLC Purchases 952 Shares of Chevron Co. (NYSE:CVX)

Advisory Services Network LLC raised its position in shares of Chevron Co. (NYSE:CVX) by 0.6% in the first quarter, HoldingsChannel reports. The fund owned 148,015 shares of the oil and gas company’s stock after acquiring an additional 952 shares during the period. Chevron accounts for approximately 0.5% of Advisory Services Network LLC’s investment portfolio, making the stock its 24th largest holding. Advisory Services Network LLC’s holdings in Chevron were worth $23,348,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. American Capital Advisory LLC boosted its stake in shares of Chevron by 403.2% in the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 125 shares during the period. Bare Financial Services Inc bought a new stake in shares of Chevron in the fourth quarter valued at approximately $27,000. Frank Rimerman Advisors LLC bought a new stake in shares of Chevron in the fourth quarter valued at approximately $30,000. Valued Wealth Advisors LLC bought a new stake in shares of Chevron in the fourth quarter valued at approximately $33,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Chevron in the fourth quarter valued at approximately $40,000. Institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the completion of the sale, the vice president now owns 276 shares in the company, valued at approximately $45,540. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total transaction of $462,000.00. Following the completion of the sale, the vice president now owns 276 shares in the company, valued at approximately $45,540. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $163.50, for a total transaction of $833,523.00. Following the sale, the director now owns 2,549 shares of the company’s stock, valued at approximately $416,761.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,746 shares of company stock valued at $2,727,971. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CVX shares. Truist Financial upped their target price on Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. HSBC upped their target price on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Mizuho upped their target price on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Wells Fargo & Company upped their target price on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, Piper Sandler upped their target price on Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

Chevron Trading Down 0.1 %

NYSE CVX traded down $0.22 on Friday, reaching $155.04. The company had a trading volume of 1,443,185 shares, compared to its average volume of 7,893,869. The firm has a market cap of $285.73 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 2.35 and a beta of 1.10. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70. The business has a 50 day moving average of $157.85 and a two-hundred day moving average of $155.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $3.55 EPS. Analysts forecast that Chevron Co. will post 13.18 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.21%. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

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.