WoodTrust Financial Corp Buys 2,611 Shares of Chevron Corporation $CVX

WoodTrust Financial Corp raised its holdings in shares of Chevron Corporation (NYSE:CVX) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,912 shares of the oil and gas company’s stock after purchasing an additional 2,611 shares during the period. WoodTrust Financial Corp’s holdings in Chevron were worth $6,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVX. Toth Financial Advisory Corp grew its holdings 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 acquiring an additional 131 shares during the period. NewSquare Capital LLC grew its stake in shares of Chevron by 714.1% in the 1st quarter. NewSquare Capital LLC now owns 521 shares of the oil and gas company’s stock worth $87,000 after buying an additional 457 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of 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 worth $49,312,000 after buying an additional 1,745 shares during the last quarter. Requisite Capital Management LLC grew its stake in shares of 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 worth $1,064,000 after buying an additional 77 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of 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 worth $4,735,000 after buying an additional 1,644 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen upped their price target on Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a research note on Monday, August 4th. Scotiabank reiterated a “sector perform” rating and set a $160.00 target price (up from $143.00) on shares of Chevron in a research note on Friday, July 11th. UBS Group increased their target price on Chevron from $186.00 to $197.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Morgan Stanley began coverage on Chevron in a research note on Monday, August 4th. They set an “overweight” rating and a $174.00 target price on the stock. Finally, Barclays cut their target price on Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Eleven equities 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. According to data from MarketBeat, Chevron has an average rating of “Hold” and a consensus target price of $165.15.

Chevron Price Performance

NYSE CVX opened at $154.92 on Wednesday. The business’s fifty day moving average price is $156.15 and its 200-day moving average price is $148.84. The stock has a market capitalization of $267.70 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.99 and a beta of 0.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96.

Chevron (NYSE:CVX) last released 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. The firm had revenue of $44.82 billion for the quarter, compared to analysts’ expectations of $44.59 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The company’s revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.55 EPS. On average, equities analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

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

Insiders Place Their Bets

In related 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Alana K. Knowles sold 3,978 shares of Chevron stock in a transaction on Friday, August 29th. The shares were 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 $188,960. This trade represents a 77.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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.