Chevron Corporation $CVX Shares Acquired by Lakeshore Capital Group Inc.

Lakeshore Capital Group Inc. lifted its position in shares of Chevron Corporation (NYSE:CVX) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,140 shares of the oil and gas company’s stock after purchasing an additional 803 shares during the quarter. Lakeshore Capital Group Inc.’s holdings in Chevron were worth $736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CVX. Toth Financial Advisory Corp grew its stake in shares of Chevron by 3.9% during the 1st quarter. Toth Financial Advisory Corp now owns 3,466 shares of the oil and gas company’s stock worth $580,000 after purchasing an additional 131 shares during the period. NewSquare Capital LLC grew its stake in shares of Chevron by 714.1% during the 1st quarter. NewSquare Capital LLC now owns 521 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 457 shares during the period. Yousif Capital Management LLC grew its stake in Chevron by 0.6% in the 1st quarter. Yousif Capital Management LLC now owns 294,770 shares of the oil and gas company’s stock valued at $49,312,000 after acquiring an additional 1,745 shares during the period. Requisite Capital Management LLC grew its stake in Chevron by 1.2% in the 1st quarter. Requisite Capital Management LLC now owns 6,362 shares of the oil and gas company’s stock valued at $1,064,000 after acquiring an additional 77 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in Chevron by 6.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 28,303 shares of the oil and gas company’s stock valued at $4,735,000 after acquiring an additional 1,644 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, Director John B. Hess sold 375,000 shares of Chevron stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the transaction, the director owned 1,403,045 shares in the company, valued at $222,102,023.50. The trade was a 21.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alana K. Knowles sold 3,978 shares of Chevron 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 transaction, the vice president owned 1,181 shares in the company, valued at approximately $188,960. This represents 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.

Chevron Trading Up 0.6%

Shares of CVX stock opened at $154.92 on Wednesday. The stock’s fifty day moving average is $156.15 and its two-hundred day moving average is $148.84. 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 has a market capitalization of $267.70 billion, a P/E ratio of 19.94, a PEG ratio of 1.99 and a beta of 0.84. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

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

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were issued a $1.71 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.4%. Chevron’s dividend payout ratio (DPR) is presently 88.03%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Mizuho dropped their price target on shares of Chevron from $192.00 to $191.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Piper Sandler lifted their price target on shares of Chevron from $164.00 to $168.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Melius Research assumed coverage on shares of Chevron in a research note on Wednesday, August 20th. They issued a “hold” rating and a $155.00 price target on the stock. Raymond James Financial reissued an “outperform” rating on shares of Chevron in a research note on Friday, August 1st. Finally, Evercore ISI reissued an “outperform” rating and issued a $180.00 price target on shares of Chevron in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.15.

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.