Chevron Corporation $CVX Shares Acquired by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC grew its position in Chevron Corporation (NYSE:CVX) by 6.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,301 shares of the oil and gas company’s stock after acquiring an additional 197 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in Chevron were worth $473,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Czech National Bank grew its stake in shares of Chevron by 3.4% in the second quarter. Czech National Bank now owns 396,970 shares of the oil and gas company’s stock valued at $56,842,000 after buying an additional 13,100 shares in the last quarter. Strategic Advocates LLC boosted its holdings in Chevron by 3.8% in the second quarter. Strategic Advocates LLC now owns 2,789 shares of the oil and gas company’s stock valued at $399,000 after purchasing an additional 101 shares during the period. Juncture Wealth Strategies LLC boosted its holdings in Chevron by 8.3% in the second quarter. Juncture Wealth Strategies LLC now owns 4,466 shares of the oil and gas company’s stock valued at $639,000 after purchasing an additional 343 shares during the period. Davis Investment Partners LLC boosted its holdings in Chevron by 5.5% in the second quarter. Davis Investment Partners LLC now owns 6,228 shares of the oil and gas company’s stock valued at $907,000 after purchasing an additional 322 shares during the period. Finally, Chemistry Wealth Management LLC boosted its holdings in Chevron by 141.5% in the second quarter. Chemistry Wealth Management LLC now owns 9,545 shares of the oil and gas company’s stock valued at $1,367,000 after purchasing an additional 5,593 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Up 0.2%

CVX opened at $157.46 on Tuesday. The business has a 50 day moving average price of $154.87 and a two-hundred day moving average price of $148.78. 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 $272.09 billion, a PE ratio of 20.27, a P/E/G ratio of 1.98 and a beta of 0.90. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.58 by $0.19. The firm had revenue of $44.82 billion during the quarter, compared to the consensus estimate of $44.59 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The firm’s revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.55 EPS. As a group, research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $6.84 annualized dividend and a yield of 4.3%. Chevron’s dividend payout ratio is currently 88.03%.

Insider Activity at Chevron

In other Chevron news, VP Alana K. Knowles sold 3,978 shares of the company’s stock in a transaction that occurred 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 sale, the vice president directly owned 1,181 shares of the company’s stock, valued at $188,960. This represents a 77.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Hess sold 375,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the sale, the director directly 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. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho decreased their target price on Chevron from $192.00 to $191.00 and set an “outperform” rating for the company in a report on Monday. Scotiabank reiterated a “sector perform” rating and issued a $160.00 target price (up from $143.00) on shares of Chevron in a report on Friday, July 11th. Wells Fargo & Company reiterated an “overweight” rating and issued a $178.00 target price on shares of Chevron in a report on Friday, August 1st. Melius assumed coverage on Chevron in a report on Wednesday, August 20th. They issued a “hold” rating and a $155.00 target price for the company. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Chevron in a report on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $165.05.

Chevron 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.