Realta Investment Advisors Cuts Holdings in Chevron Corporation $CVX

Realta Investment Advisors decreased its position in shares of Chevron Corporation (NYSE:CVX) by 55.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,383 shares of the oil and gas company’s stock after selling 4,225 shares during the period. Realta Investment Advisors’ holdings in Chevron were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC grew its position in Chevron by 21.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 34,293 shares of the oil and gas company’s stock worth $4,910,000 after acquiring an additional 5,990 shares in the last quarter. Tandem Investment Partners LLC grew its position in Chevron by 17.0% in the second quarter. Tandem Investment Partners LLC now owns 1,999 shares of the oil and gas company’s stock worth $286,000 after acquiring an additional 290 shares in the last quarter. Firethorn Wealth Partners LLC grew its position in Chevron by 4.2% in the second quarter. Firethorn Wealth Partners LLC now owns 4,195 shares of the oil and gas company’s stock worth $601,000 after acquiring an additional 169 shares in the last quarter. Talbot Financial LLC grew its position in Chevron by 29.5% in the second quarter. Talbot Financial LLC now owns 147,048 shares of the oil and gas company’s stock worth $21,056,000 after acquiring an additional 33,466 shares in the last quarter. Finally, Silvia Mccoll Wealth Management LLC grew its position in Chevron by 0.8% in the second quarter. Silvia Mccoll Wealth Management LLC now owns 39,995 shares of the oil and gas company’s stock worth $5,727,000 after acquiring an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Cowen lifted their price target on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a research report on Monday, August 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Chevron in a research report on Friday, July 18th. Melius assumed coverage on Chevron in a research report on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price for the company. Melius Research assumed coverage on Chevron in a research report on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price for the company. Finally, Raymond James Financial restated an “outperform” rating on shares of Chevron in a research report on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Chevron presently has a consensus rating of “Hold” and a consensus target price of $165.05.

Insider Activity at Chevron

In other news, Director John B. Hess sold 375,000 shares of Chevron stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the completion of the sale, the director owned 1,403,045 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, VP Alana K. Knowles sold 3,978 shares of Chevron stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $160.00, for a total transaction of $636,480.00. Following the sale, the vice president directly owned 1,181 shares of the company’s stock, valued at $188,960. This represents a 77.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Chevron Stock Performance

Chevron stock opened at $153.59 on Friday. The company has a 50 day moving average price of $156.23 and a 200-day moving average price of $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 Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company has a market capitalization of $265.40 billion, a PE ratio of 19.77, a P/E/G ratio of 1.99 and a beta of 0.84.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.19. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The firm had revenue of $44.82 billion during the quarter, compared to the consensus estimate of $44.59 billion. During the same quarter in the previous year, the firm posted $2.55 earnings per share. The company’s revenue was down 12.4% on a year-over-year basis. As a group, equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Chevron’s payout ratio is currently 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.