St. Louis Financial Planners Asset Management LLC Grows Stock Holdings in Chevron Corporation $CVX

St. Louis Financial Planners Asset Management LLC increased its stake in shares of Chevron Corporation (NYSE:CVX) by 21.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,462 shares of the oil and gas company’s stock after buying an additional 3,311 shares during the quarter. Chevron comprises about 2.0% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 21st largest position. St. Louis Financial Planners Asset Management LLC’s holdings in Chevron were worth $2,644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVX. Norman Fields Gottscho Capital Management LLC purchased a new stake in Chevron in the 2nd quarter valued at approximately $254,000. Central Bank & Trust Co. boosted its holdings in Chevron by 1.9% in the 2nd quarter. Central Bank & Trust Co. now owns 5,638 shares of the oil and gas company’s stock valued at $807,000 after purchasing an additional 103 shares in the last quarter. Key Client Fiduciary Advisors LLC boosted its holdings in Chevron by 6.3% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 3,301 shares of the oil and gas company’s stock valued at $473,000 after purchasing an additional 197 shares in the last quarter. Czech National Bank boosted its holdings in Chevron by 3.4% in the 2nd quarter. Czech National Bank now owns 396,970 shares of the oil and gas company’s stock valued at $56,842,000 after purchasing an additional 13,100 shares in the last quarter. Finally, Strategic Advocates LLC boosted its holdings in Chevron by 3.8% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In related news, Director John B. Hess sold 375,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the completion of the sale, the director owned 1,403,045 shares of the company’s stock, valued at $222,102,023.50. This represents a 21.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alana K. Knowles sold 3,978 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $160.00, for a total transaction of $636,480.00. Following the sale, the vice president directly owned 1,181 shares of the company’s stock, valued at approximately $188,960. This represents a 77.11% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Chevron Stock Performance

Shares of CVX stock opened at $157.46 on Tuesday. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74. The firm has a market capitalization of $272.09 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.98 and a beta of 0.90. The company’s fifty day moving average price is $154.87 and its two-hundred day moving average price is $148.78.

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

Chevron Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CVX shares. Morgan Stanley started coverage on shares of Chevron in a research report on Monday, August 4th. They set an “overweight” rating and a $174.00 price target for the company. UBS Group lifted their price target on shares of Chevron from $186.00 to $197.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Raymond James Financial reiterated an “outperform” rating on shares of Chevron in a research report on Friday, August 1st. Scotiabank reissued a “sector perform” rating and set a $160.00 price objective (up from $143.00) on shares of Chevron in a research note on Friday, July 11th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Chevron in a research note on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.