2,862 Chevron Corporation $CVX Shares Sold by First Command Advisory Services Inc.

First Command Advisory Services Inc. lessened its stake in Chevron Corporation (NYSE:CVX) by 12.2% in the third quarter, Holdings Channel reports. The institutional investor owned 20,582 shares of the oil and gas company’s stock after selling 2,862 shares during the quarter. First Command Advisory Services Inc.’s holdings in Chevron were worth $4,203,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CVX. Gemmer Asset Management LLC increased its position in shares of Chevron by 1.1% in the 3rd quarter. Gemmer Asset Management LLC now owns 4,254 shares of the oil and gas company’s stock worth $869,000 after purchasing an additional 47 shares during the last quarter. Livet Wealth LLC grew its stake in Chevron by 4.0% in the third quarter. Livet Wealth LLC now owns 1,268 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 49 shares in the last quarter. Uhlmann Price Securities LLC increased its holdings in Chevron by 3.1% in the third quarter. Uhlmann Price Securities LLC now owns 1,639 shares of the oil and gas company’s stock valued at $335,000 after buying an additional 49 shares during the last quarter. First PREMIER Bank increased its holdings in Chevron by 0.8% in the second quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock valued at $1,070,000 after buying an additional 50 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors increased its holdings in Chevron by 1.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock valued at $467,000 after buying an additional 50 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Price Performance

Shares of NYSE:CVX opened at $213.21 on Thursday. The company has a market cap of $419.05 billion, a PE ratio of 15.60, a P/E/G ratio of 0.49 and a beta of 0.47. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $236.48. The firm has a 50-day simple moving average of $215.23 and a 200 day simple moving average of $195.08. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 30th. The oil and gas company reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.87 by $0.41. Chevron had a net margin of 11.56% and a return on equity of 14.49%. The firm had revenue of $65.24 billion for the quarter, compared to analysts’ expectations of $61.82 billion. During the same quarter last year, the company posted $1.85 earnings per share. Chevron’s revenue was up 36.3% on a year-over-year basis. On average, sell-side analysts anticipate that Chevron Corporation will post 18.64 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, November 18th. Chevron’s dividend payout ratio is presently 52.08%.

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of research analyst reports. HSBC set a $90.00 target price on Chevron in a report on Friday, September 25th. William Blair began coverage on Chevron in a report on Wednesday, October 28th. They issued an “outperform” rating for the company. Raymond James Financial dropped their price target on Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Royal Bank Of Canada raised their price objective on Chevron from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Finally, BNP Paribas Exane reduced their price objective on Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target of $221.88.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 317,100 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider owned 14 shares of the company’s stock, valued at approximately $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 379,470 shares of company stock worth $77,216,415. 0.56% of the stock is currently owned by company insiders.

More Chevron News

Here’s some of the latest news about CVX:

• Positive Sentiment: Chevron’s recent third-quarter results reportedly strengthened the earnings outlook, and the company reaffirmed its quarterly dividend. One valuation analysis argues the shares could be substantially undervalued, though that estimate depends on the model’s assumptions. Chevron Could Be 76% Below Fair Value As Q3 Earnings Reset Valuation
• Positive Sentiment: A 25% stake in Chevron’s Namibia offshore license is being sold to QatarEnergy. Sharing exploration costs while retaining control could limit Chevron’s financial exposure and preserve potential upside from a discovery. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
• Negative Sentiment: Chevron’s plans to expand Venezuelan production offer potential growth, but the article flags political and investment uncertainty; ExxonMobil’s caution underscores the risks of committing capital in the country. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives. The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.