Chevron Corporation $CVX Holdings Raised by Lantz Financial LLC

Key Points

• Lantz Financial LLC recently increased its stake in Chevron Corporation by 9.3%, acquiring an additional 2,223 shares to own a total of 26,225 shares, valued at $3,755,000.
• Chevron announced a quarterly dividend of $1.71 per share, with a yield of 4.4% and a payout ratio of 88.03%.
• Analysts have mixed ratings on Chevron, with eleven giving a Buy rating and an average target price of $165.05 according to recent reports.

Lantz Financial LLC lifted its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,225 shares of the oil and gas company's stock after acquiring an additional 2,223 shares during the period. Chevron comprises approximately 0.9% of Lantz Financial LLC's holdings, making the stock its 23rd largest holding. Lantz Financial LLC's holdings in Chevron were worth $3,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its position in shares of Chevron by 652,139.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company's stock valued at $13,214,757,000 after acquiring an additional 83,702,101 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Chevron by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,430,030 shares of the oil and gas company's stock valued at $5,592,263,000 after acquiring an additional 1,574,464 shares in the last quarter. Invesco Ltd. raised its position in shares of Chevron by 5.5% during the 1st quarter. Invesco Ltd. now owns 15,855,325 shares of the oil and gas company's stock valued at $2,652,437,000 after acquiring an additional 827,851 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Chevron by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,281,983 shares of the oil and gas company's stock valued at $2,054,513,000 after acquiring an additional 40,758 shares in the last quarter. Finally, GQG Partners LLC acquired a new stake in shares of Chevron during the 1st quarter valued at approximately $1,466,751,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chevron

In other news, Director John B. Hess sold 375,000 shares of the stock in a transaction 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 completion of the transaction, the director 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Alana K. Knowles sold 3,978 shares of the stock in a transaction on Friday, August 29th. The stock was 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 of the company's stock, valued at approximately $188,960. The trade was 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.

Analyst Ratings Changes

Several brokerages have weighed in on CVX. Morgan Stanley began coverage on Chevron in a research report on Monday, August 4th. They issued an "overweight" rating and a $174.00 target price on the stock. Raymond James Financial reaffirmed an "outperform" rating on shares of Chevron in a research report on Friday, August 1st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $178.00 target price on shares of Chevron in a research report on Friday, August 1st. Melius began coverage on Chevron in a research report on Wednesday, August 20th. They issued a "hold" rating and a $155.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Chevron in a research report on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Chevron currently has an average rating of "Hold" and an average price target of $165.05.

Chevron Stock Performance

Shares of NYSE:CVX traded down $2.73 on Friday, hitting $156.11. The company's stock had a trading volume of 16,709,599 shares, compared to its average volume of 7,286,043. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a market capitalization of $269.76 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. The stock's 50-day moving average is $155.24 and its two-hundred day moving average is $148.99. 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 released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.19. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The company had revenue of $44.82 billion during the quarter, compared to analysts' expectations of $44.59 billion. During the same quarter in the prior year, the business posted $2.55 earnings per share. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities research analysts forecast 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. Stockholders of record on Tuesday, August 19th were paid a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.4%. Chevron's dividend 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.