Rise Advisors LLC Buys 195 Shares of Chevron Corporation $CVX

Rise Advisors LLC lifted its stake in Chevron Corporation (NYSE:CVX) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,922 shares of the oil and gas company’s stock after acquiring an additional 195 shares during the period. Rise Advisors LLC’s holdings in Chevron were worth $275,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Martin Capital Partners LLC boosted its holdings in shares of Chevron by 226.6% in the second quarter. Martin Capital Partners LLC now owns 39,912 shares of the oil and gas company’s stock worth $5,715,000 after acquiring an additional 27,691 shares during the period. Webster Bank N. A. boosted its holdings in shares of Chevron by 0.7% in the second quarter. Webster Bank N. A. now owns 21,581 shares of the oil and gas company’s stock worth $3,090,000 after acquiring an additional 148 shares during the period. Canandaigua National Trust Co of Florida boosted its holdings in shares of Chevron by 17.0% in the second quarter. Canandaigua National Trust Co of Florida now owns 3,547 shares of the oil and gas company’s stock worth $508,000 after acquiring an additional 515 shares during the period. Hickory Point Bank & Trust boosted its holdings in shares of Chevron by 12.0% in the second quarter. Hickory Point Bank & Trust now owns 8,807 shares of the oil and gas company’s stock worth $1,261,000 after acquiring an additional 945 shares during the period. Finally, Canandaigua National Bank & Trust Co. boosted its holdings in shares of Chevron by 1.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 51,467 shares of the oil and gas company’s stock worth $7,370,000 after acquiring an additional 672 shares during the period. 72.42% of the stock is owned by institutional investors.

Insider Transactions at Chevron

In other Chevron news, VP Alana K. Knowles sold 3,978 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $160.00, for a total transaction of $636,480.00. Following the sale, the vice president owned 1,181 shares in the company, valued at $188,960. This trade represents a 77.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Hess sold 375,000 shares of the firm’s stock in a transaction dated 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 owned 1,403,045 shares in the company, valued at $222,102,023.50. The trade was a 21.09% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Melius began coverage on Chevron in a report on Wednesday, August 20th. They issued a “hold” rating and a $155.00 price target for the company. Piper Sandler increased their price objective on Chevron from $164.00 to $168.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Morgan Stanley began coverage on Chevron in a research report on Monday, August 4th. They issued an “overweight” rating and a $174.00 price objective on the stock. Melius Research began coverage on Chevron in a research report on Wednesday, August 20th. They issued a “hold” rating and a $155.00 price objective on the stock. Finally, TD Cowen increased their price objective on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a research report on Monday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Chevron currently has an average rating of “Hold” and a consensus target price of $164.80.

Chevron Trading Down 0.6%

NYSE CVX opened at $157.23 on Monday. The stock’s 50-day simple moving average is $154.67 and its two-hundred day simple moving average is $148.79. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. 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 capitalization of $271.69 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.98 and a beta of 0.90.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The business had revenue of $44.82 billion for the quarter, compared to the consensus estimate of $44.59 billion. During the same quarter last year, the business posted $2.55 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. Research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

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

Chevron Company 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.