180 Wealth Advisors LLC trimmed its position in Chevron Co. (NYSE:CVX – Get Rating) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,739 shares of the oil and gas company’s stock after selling 1,439 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Chevron were worth $2,892,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new position in Chevron in the 1st quarter valued at about $25,000. Cordant Inc. purchased a new stake in shares of Chevron in the 1st quarter valued at approximately $29,000. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Chevron in the 1st quarter valued at approximately $30,000. Landmark Wealth Management LLC purchased a new stake in shares of Chevron in the 1st quarter valued at approximately $34,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of Chevron in the 4th quarter valued at approximately $36,000. 69.30% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP James William Johnson sold 85,300 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $164.01, for a total transaction of $13,990,053.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Wanda M. Austin sold 11,432 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $161.45, for a total value of $1,845,696.40. Following the completion of the sale, the director now owns 3,560 shares in the company, valued at approximately $574,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James William Johnson sold 85,300 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $164.01, for a total transaction of $13,990,053.00. The disclosure for this sale can be found here. Insiders sold a total of 141,732 shares of company stock worth $23,024,499 in the last 90 days. Company insiders own 0.32% of the company’s stock.
Analyst Upgrades and Downgrades
Chevron Trading Down 2.6 %
Shares of Chevron stock opened at $156.45 on Monday. The company has a fifty day simple moving average of $154.36 and a 200-day simple moving average of $160.41. Chevron Co. has a 12-month low of $93.31 and a 12-month high of $182.40. The company has a current ratio of 1.31, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The stock has a market cap of $307.39 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.60 and a beta of 1.15.
Chevron (NYSE:CVX – Get Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $1.16. The business had revenue of $68.76 billion during the quarter, compared to analysts’ expectations of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 19.73%. The company’s revenue for the quarter was up 82.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 EPS. On average, equities analysts forecast that Chevron Co. will post 18.4 EPS for the current fiscal year.
Chevron Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, August 18th. Chevron’s dividend payout ratio is currently 37.89%.
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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