Chevron Corporation (NYSE:CVX) Shares Sold by Certuity LLC

Certuity LLC lowered its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,424 shares of the oil and gas company's stock after selling 1,616 shares during the quarter. Certuity LLC's holdings in Chevron were worth $3,249,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CVX. Waypoint Wealth Partners Inc. increased its holdings in Chevron by 12.7% in the 1st quarter. Waypoint Wealth Partners Inc. now owns 1,635 shares of the oil and gas company's stock worth $274,000 after buying an additional 184 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Chevron by 9.3% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 286,142 shares of the oil and gas company's stock worth $47,869,000 after buying an additional 24,282 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in Chevron by 101.7% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 63,749 shares of the oil and gas company's stock worth $10,665,000 after buying an additional 32,146 shares during the period. William B. Walkup & Associates Inc. increased its holdings in Chevron by 16.8% in the 1st quarter. William B. Walkup & Associates Inc. now owns 6,000 shares of the oil and gas company's stock worth $1,004,000 after buying an additional 865 shares during the period. Finally, GQG Partners LLC acquired a new position in Chevron in the 1st quarter worth approximately $1,466,751,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley assumed coverage on Chevron in a research report on Monday, August 4th. They issued an "overweight" rating and a $174.00 price objective on the stock. Barclays restated an "equal weight" rating on shares of Chevron in a research report on Tuesday, July 15th. Scotiabank restated a "sector perform" rating and issued a $160.00 price objective (up previously from $143.00) on shares of Chevron in a research report on Friday, July 11th. Raymond James Financial restated an "outperform" rating on shares of Chevron in a research report on Friday, August 1st. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $164.11.

Chevron Trading Up 0.8%

Shares of CVX stock opened at $155.75 on Thursday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The firm has a market capitalization of $269.13 billion, a P/E ratio of 20.05, a PEG ratio of 2.31 and a beta of 0.87. The stock's fifty day moving average is $149.43 and its two-hundred day moving average is $148.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00.

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

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. Chevron's dividend payout ratio (DPR) 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.

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