Chevron Corporation $CVX Stock Position Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in Chevron Corporation (NYSE:CVX - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 697,011 shares of the oil and gas company's stock after purchasing an additional 142,662 shares during the period. Jones Financial Companies Lllp's holdings in Chevron were worth $115,887,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Silicon Valley Capital Partners lifted its position in Chevron by 2.2% in the 1st quarter. Silicon Valley Capital Partners now owns 6,915 shares of the oil and gas company's stock valued at $1,148,000 after purchasing an additional 149 shares during the last quarter. Strs Ohio bought a new position in Chevron in the 1st quarter worth approximately $103,669,000. GK Wealth Management LLC increased its position in Chevron by 2.5% in the 1st quarter. GK Wealth Management LLC now owns 3,074 shares of the oil and gas company's stock valued at $514,000 after acquiring an additional 75 shares during the period. Ellsworth Advisors LLC raised its stake in Chevron by 5.5% during the 1st quarter. Ellsworth Advisors LLC now owns 40,216 shares of the oil and gas company's stock valued at $6,728,000 after acquiring an additional 2,085 shares in the last quarter. Finally, Intrua Financial LLC grew its stake in shares of Chevron by 1.7% in the first quarter. Intrua Financial LLC now owns 25,522 shares of the oil and gas company's stock worth $4,270,000 after purchasing an additional 428 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CVX. Raymond James Financial reiterated an "outperform" rating on shares of Chevron in a research report on Friday, August 1st. Morgan Stanley initiated coverage on shares of Chevron in a report on Monday, August 4th. They issued an "overweight" rating and a $174.00 price objective for the company. UBS Group boosted their target price on Chevron from $186.00 to $197.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Barclays reaffirmed an "equal weight" rating on shares of Chevron in a research note on Tuesday, July 15th. Finally, Melius Research began 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. 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $164.80.

Insider Buying and Selling at Chevron

In related news, Director John B. Hess sold 375,000 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 1,403,045 shares of the company's stock, valued at approximately $222,102,023.50. This represents a 21.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alana K. Knowles sold 3,978 shares of Chevron stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $160.00, for a total value of $636,480.00. Following the transaction, the vice president directly owned 1,181 shares in the company, valued at approximately $188,960. This trade represents a 77.11% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

Chevron Stock Down 0.6%

CVX stock opened at $157.23 on Friday. 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 $271.69 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.00 and a beta of 0.90. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96. The company's 50 day simple moving average is $154.67 and its 200-day simple moving average is $148.85.

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

Chevron Dividend Announcement

The firm 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. This represents a $6.84 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, August 19th. Chevron's payout ratio is presently 88.03%.

About Chevron

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.

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