Chevron Corporation $CVX Shares Bought by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC significantly increased its holdings in Chevron Corporation by 104%, now owning 22,376 shares valued at approximately $3.74 million.
• Chevron's recent earnings report showed a net margin of 7.02% and a revenue of $44.82 billion, topping analysts' expectations.
• The company announced a quarterly dividend of $1.71 per share, which reflects an annualized yield of 4.4% and a payout ratio of 88.03%.

Integrity Alliance LLC. raised its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 104.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,376 shares of the oil and gas company's stock after buying an additional 11,410 shares during the quarter. Integrity Alliance LLC.'s holdings in Chevron were worth $3,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd grew its holdings in Chevron by 420.7% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock valued at $25,000 after buying an additional 122 shares during the period. 10Elms LLP purchased a new stake in Chevron in the 4th quarter valued at about $29,000. Elequin Capital LP purchased a new stake in Chevron in the 1st quarter valued at about $31,000. IFS Advisors LLC grew its holdings in Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after buying an additional 116 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in Chevron in the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 375,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 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 document filed with the SEC, which is available at the SEC website. Also, VP Alana K. Knowles sold 3,978 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $160.00, for a total value of $636,480.00. Following the completion of the transaction, the vice president directly owned 1,181 shares in the company, valued at approximately $188,960. The trade was a 77.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research analyst reports. Raymond James Financial reaffirmed an "outperform" rating on shares of Chevron in a research note on Friday, August 1st. Melius initiated coverage on Chevron in a research note on Wednesday, August 20th. They issued a "hold" rating and a $155.00 price objective on the stock. Evercore ISI reaffirmed an "outperform" rating and issued a $180.00 price objective on shares of Chevron in a research note on Thursday, July 31st. Barclays reaffirmed an "equal weight" rating on shares of Chevron in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $178.00 price objective on shares of Chevron in a research note on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Chevron currently has an average rating of "Hold" and an average price target of $164.80.

Chevron Stock Down 0.6%

Chevron stock traded down $1.02 during midday trading on Friday, hitting $157.23. 5,545,397 shares of the company were exchanged, compared to its average volume of 9,241,716. The company's fifty day moving average price is $154.49 and its 200-day moving average price is $148.88. The company has a market cap of $271.69 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.58 by $0.19. The firm had revenue of $44.82 billion for the quarter, compared to analyst estimates of $44.59 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.Chevron's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 EPS. On average, research analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $6.84 annualized dividend and a yield of 4.4%. Chevron's payout ratio is 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.