Aua Capital Management LLC Takes Position in Chevron Corporation $CVX

Aua Capital Management LLC purchased a new position in Chevron Corporation (NYSE:CVX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,351 shares of the oil and gas company's stock, valued at approximately $337,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Baader Bank Aktiengesellschaft grew its position in Chevron by 20.0% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 2,500 shares of the oil and gas company's stock worth $358,000 after purchasing an additional 416 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Chevron by 3.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 608,901 shares of the oil and gas company's stock worth $87,189,000 after buying an additional 17,805 shares during the last quarter. Shira Ridge Wealth Management grew its holdings in shares of Chevron by 58.0% in the second quarter. Shira Ridge Wealth Management now owns 2,150 shares of the oil and gas company's stock worth $308,000 after acquiring an additional 789 shares during the period. KMG Fiduciary Partners LLC increased its position in Chevron by 1.7% during the second quarter. KMG Fiduciary Partners LLC now owns 74,518 shares of the oil and gas company's stock valued at $10,670,000 after acquiring an additional 1,265 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in Chevron by 6.5% in the second quarter. Focus Financial Network Inc. now owns 17,913 shares of the oil and gas company's stock valued at $2,565,000 after acquiring an additional 1,097 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Trading Up 0.3%

CVX stock opened at $159.98 on Thursday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The stock has a market capitalization of $276.44 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.00 and a beta of 0.90. 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 firm's fifty day simple moving average is $155.13 and its two-hundred day simple moving average is $148.94.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.58 by $0.19. The company had revenue of $44.82 billion for the quarter, compared to the consensus estimate of $44.59 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The firm's revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.55 EPS. As a group, analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current 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 issued 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 4.3%. Chevron's payout ratio is presently 88.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CVX shares. TD Cowen raised their price objective on shares of Chevron from $150.00 to $155.00 and gave the stock a "hold" rating in a report on Monday, August 4th. Wells Fargo & Company reiterated an "overweight" rating and set a $178.00 target price on shares of Chevron in a research report on Friday, August 1st. Mizuho cut their price target on Chevron from $192.00 to $191.00 and set an "outperform" rating for the company in a report on Monday. Barclays reaffirmed an "equal weight" rating on shares of Chevron in a research note on Tuesday, July 15th. Finally, Evercore ISI reiterated an "outperform" rating and set a $180.00 price objective on shares of Chevron in a research note on Thursday, July 31st. Eleven investment 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 MarketBeat.com, Chevron presently has a consensus rating of "Hold" and an average price target of $165.05.

Insider Buying and Selling at Chevron

In other news, Director John B. Hess sold 375,000 shares of the company'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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the vice president directly owned 1,181 shares in the company, valued at $188,960. This represents a 77.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.