Fielder Capital Group LLC Sells 84 Shares of Chevron Corporation $CVX

Fielder Capital Group LLC decreased its position in shares of Chevron Corporation (NYSE:CVX) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,187 shares of the oil and gas company’s stock after selling 84 shares during the quarter. Fielder Capital Group LLC’s holdings in Chevron were worth $2,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Boothe Investment Group Inc. lifted its position in Chevron by 15.1% during the second quarter. Boothe Investment Group Inc. now owns 44,204 shares of the oil and gas company’s stock worth $6,330,000 after purchasing an additional 5,797 shares during the period. Leelyn Smith LLC lifted its position in Chevron by 3.5% during the second quarter. Leelyn Smith LLC now owns 17,168 shares of the oil and gas company’s stock worth $2,458,000 after purchasing an additional 583 shares during the period. Allied Investment Advisors LLC lifted its position in Chevron by 4.7% during the second quarter. Allied Investment Advisors LLC now owns 83,112 shares of the oil and gas company’s stock worth $11,901,000 after purchasing an additional 3,732 shares during the period. Ranch Capital Advisors Inc. lifted its position in Chevron by 3.7% during the second quarter. Ranch Capital Advisors Inc. now owns 13,140 shares of the oil and gas company’s stock worth $1,882,000 after purchasing an additional 467 shares during the period. Finally, Richards Merrill & Peterson Inc. lifted its position in Chevron by 12.8% during the second quarter. Richards Merrill & Peterson Inc. now owns 27,073 shares of the oil and gas company’s stock worth $3,877,000 after purchasing an additional 3,066 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.6%

Shares of NYSE CVX opened at $155.63 on Friday. The company has a 50 day simple moving average of $156.04 and a 200 day simple moving average of $148.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The firm has a market cap of $268.92 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 4.45 and a beta of 0.84.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $44.59 billion. During the same period in the prior year, the company posted $2.55 EPS. The company’s revenue was down 12.4% on a year-over-year basis. On average, research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, August 19th. Chevron’s dividend payout ratio is 88.03%.

Insider Activity at Chevron

In other Chevron news, 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 completion of the transaction, the director directly owned 1,403,045 shares in the company, valued at approximately $222,102,023.50. This represents a 21.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Alana K. Knowles sold 3,978 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were 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. This trade represents a 77.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CVX shares. Wells Fargo & Company started coverage on shares of Chevron in a research report on Friday, October 17th. They set an “overweight” rating and a $190.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Friday. Scotiabank increased their target price on shares of Chevron from $160.00 to $165.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Jefferies Financial Group reissued a “buy” rating on shares of Chevron in a report on Friday, July 18th. Finally, Evercore ISI reissued an “outperform” rating and issued a $180.00 target price on shares of Chevron in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Chevron presently has a consensus rating of “Hold” and a consensus target price of $165.25.

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.