Strategy Asset Managers LLC Acquires 31,671 Shares of Chevron Co. (NYSE:CVX)

Strategy Asset Managers LLC raised its holdings in Chevron Co. (NYSE:CVXGet Rating) by 113.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,521 shares of the oil and gas company’s stock after purchasing an additional 31,671 shares during the period. Chevron comprises 2.7% of Strategy Asset Managers LLC’s holdings, making the stock its 7th largest position. Strategy Asset Managers LLC’s holdings in Chevron were worth $8,617,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Burleson & Company LLC grew its holdings in Chevron by 213.6% in the second quarter. Burleson & Company LLC now owns 10,650 shares of the oil and gas company’s stock valued at $1,542,000 after purchasing an additional 20,027 shares during the period. Red Door Wealth Management LLC boosted its stake in shares of Chevron by 4.6% in the second quarter. Red Door Wealth Management LLC now owns 29,290 shares of the oil and gas company’s stock worth $4,240,000 after acquiring an additional 1,298 shares during the last quarter. RVW Wealth LLC boosted its stake in shares of Chevron by 2.9% in the second quarter. RVW Wealth LLC now owns 4,404 shares of the oil and gas company’s stock worth $638,000 after acquiring an additional 126 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Chevron by 4.3% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 404,536 shares of the oil and gas company’s stock worth $58,569,000 after acquiring an additional 16,749 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Chevron by 10.0% in the second quarter. Koshinski Asset Management Inc. now owns 37,587 shares of the oil and gas company’s stock worth $5,442,000 after acquiring an additional 3,431 shares during the last quarter. 69.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chevron

In related news, EVP James William Johnson sold 85,300 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $164.01, for a total value of $13,990,053.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP James William Johnson sold 85,300 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Pierre R. Breber sold 22,500 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $158.11, for a total value of $3,557,475.00. Following the transaction, the chief financial officer now directly owns 7 shares of the company’s stock, valued at $1,106.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,732 shares of company stock worth $23,024,499. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CVX. Credit Suisse Group reaffirmed an “outperform” rating and issued a $202.00 price target on shares of Chevron in a research note on Thursday, August 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $172.00 price target on shares of Chevron in a research note on Thursday, August 4th. Morgan Stanley lifted their price target on Chevron from $187.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 6th. Truist Financial reduced their price objective on Chevron from $170.00 to $166.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Finally, Cowen lifted their price objective on Chevron from $119.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.20.

Chevron Price Performance

NYSE:CVX opened at $155.01 on Thursday. Chevron Co. has a 52 week low of $96.24 and a 52 week high of $182.40. The company has a quick ratio of 1.11, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $304.57 billion, a P/E ratio of 10.34, a P/E/G ratio of 0.61 and a beta of 1.15. The stock’s fifty day moving average is $155.36 and its two-hundred day moving average is $160.36.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data 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 firm had revenue of $68.76 billion for the quarter, compared to the consensus estimate of $57.69 billion. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The company’s quarterly revenue was up 82.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 EPS. Equities analysts expect that Chevron Co. will post 18.37 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were issued a $1.42 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $5.68 annualized dividend and a dividend yield of 3.66%. Chevron’s dividend payout ratio is presently 37.89%.

Chevron Company Profile

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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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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