River Street Advisors LLC Purchases 346 Shares of Chevron Corporation $CVX

River Street Advisors LLC raised its position in Chevron Corporation (NYSE:CVX) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,877 shares of the oil and gas company’s stock after purchasing an additional 346 shares during the period. River Street Advisors LLC’s holdings in Chevron were worth $1,271,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Trinity Legacy Partners LLC boosted its holdings in Chevron by 4.7% in the 2nd quarter. Trinity Legacy Partners LLC now owns 38,834 shares of the oil and gas company’s stock valued at $5,822,000 after purchasing an additional 1,732 shares during the period. Hilltop National Bank bought a new position in Chevron in the 2nd quarter valued at $862,000. Triad Wealth Partners LLC boosted its holdings in Chevron by 18.0% in the 2nd quarter. Triad Wealth Partners LLC now owns 5,048 shares of the oil and gas company’s stock valued at $723,000 after purchasing an additional 770 shares during the period. Red Mountain Financial LLC boosted its holdings in Chevron by 14.4% in the 2nd quarter. Red Mountain Financial LLC now owns 2,913 shares of the oil and gas company’s stock valued at $456,000 after purchasing an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Chevron by 10.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 876,570 shares of the oil and gas company’s stock valued at $125,516,000 after buying an additional 84,253 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 375,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the transaction, the director owned 1,403,045 shares in the company, valued at approximately $222,102,023.50. The trade was a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Alana K. Knowles sold 3,978 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $160.00, for a total transaction of $636,480.00. Following the completion of the transaction, the vice president owned 1,181 shares in the company, valued at $188,960. The trade was a 77.11% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Chevron from $164.00 to $168.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Morgan Stanley assumed coverage on shares of Chevron in a research report on Monday, August 4th. They set an “overweight” rating and a $174.00 price objective on the stock. Scotiabank restated a “sector perform” rating and set a $160.00 price objective (up previously from $143.00) on shares of Chevron in a research report on Friday, July 11th. UBS Group raised their price objective on shares of Chevron from $186.00 to $197.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Finally, Barclays restated an “equal weight” rating on shares of Chevron in a research report on Tuesday, July 15th. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $165.05.

Chevron Price Performance

Shares of NYSE:CVX opened at $153.53 on Friday. The stock has a market cap of $265.30 billion, a PE ratio of 19.76, a PEG ratio of 1.97 and a beta of 0.84. The company’s fifty day moving average is $156.26 and its 200 day moving average is $149.14. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.16.

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

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 88.03%.

Chevron 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.