Coppell Advisory Solutions LLC Lowers Holdings in Chevron Corporation $CVX

Key Points

• Coppell Advisory Solutions LLC has reduced its holdings in Chevron Corporation by 19.4% during the first quarter, leaving them with 12,643 shares valued at approximately $2,115,000.
• Chevron's stock was recently rated with a consensus of "Hold" by analysts, with an average target price of $163.95.
• The company announced a quarterly dividend of $1.71, translating to an annual yield of 4.4%, with a payout ratio of 88.03%.

Coppell Advisory Solutions LLC decreased its position in Chevron Corporation (NYSE:CVX - Free Report) by 19.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,643 shares of the oil and gas company's stock after selling 3,034 shares during the period. Coppell Advisory Solutions LLC's holdings in Chevron were worth $2,115,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CVX. Harvest Fund Management Co. Ltd lifted its holdings in Chevron by 420.7% during the first quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock worth $25,000 after buying an additional 122 shares during the period. Elequin Capital LP bought a new position in shares of Chevron during the 1st quarter worth approximately $31,000. 10Elms LLP bought a new position in shares of Chevron during the 4th quarter worth approximately $29,000. IFS Advisors LLC raised its stake in shares of Chevron by 119.6% during the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after acquiring an additional 116 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of Chevron during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. TD Cowen increased their price objective on Chevron from $150.00 to $155.00 and gave the company a "hold" rating in a report on Monday, August 4th. Jefferies Financial Group reissued a "buy" rating on shares of Chevron in a report on Friday, July 18th. Melius Research started coverage on Chevron in a research note on Wednesday, August 20th. They set a "hold" rating and a $155.00 price objective for the company. Evercore ISI restated an "outperform" rating and set a $180.00 target price on shares of Chevron in a research report on Thursday, July 31st. Finally, Scotiabank restated a "sector perform" rating and set a $160.00 target price (up from $143.00) on shares of Chevron in a research report on Friday, July 11th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron currently has a consensus rating of "Hold" and an average target price of $163.95.

Chevron Stock Down 2.4%

CVX stock opened at $153.83 on Monday. The firm has a market cap of $265.81 billion, a PE ratio of 19.80, a PEG ratio of 2.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00. The firm's 50 day moving average price is $153.69 and its 200-day moving average price is $148.80. Chevron Corporation has a one year low of $132.04 and a one year 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, beating 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 net margin of 7.02% and a return on equity of 9.90%. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.55 EPS. On average, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be given 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 yield of 4.4%. Chevron's payout ratio is presently 88.03%.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 375,000 shares of the business'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 sale, the director owned 1,403,045 shares of the company's stock, valued at $222,102,023.50. The trade was a 21.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Alana K. Knowles sold 3,978 shares of the business'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 sale, 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 position. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

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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