Chevron Corporation $CVX Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its position in Chevron Corporation (NYSE:CVX) by 14.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,051 shares of the oil and gas company’s stock after selling 1,025 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Chevron were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC raised its stake in Chevron by 3.2% in the 2nd quarter. Solstein Capital LLC now owns 2,271 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 70 shares during the last quarter. Bolthouse Investments LLC raised its stake in Chevron by 7.1% in the 2nd quarter. Bolthouse Investments LLC now owns 7,871 shares of the oil and gas company’s stock valued at $1,127,000 after purchasing an additional 525 shares during the last quarter. Chilton Capital Management LLC raised its stake in Chevron by 6.2% in the 2nd quarter. Chilton Capital Management LLC now owns 13,839 shares of the oil and gas company’s stock valued at $1,982,000 after purchasing an additional 813 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in Chevron by 4.6% in the 2nd quarter. Resonant Capital Advisors LLC now owns 37,471 shares of the oil and gas company’s stock valued at $5,365,000 after purchasing an additional 1,639 shares during the last quarter. Finally, New Hampshire Trust raised its stake in Chevron by 3.2% in the 2nd quarter. New Hampshire Trust now owns 11,578 shares of the oil and gas company’s stock valued at $1,658,000 after purchasing an additional 362 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CVX shares. Jefferies Financial Group restated a “buy” rating on shares of Chevron in a report on Friday, July 18th. Bank of America lifted their price target on Chevron from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Mizuho lowered their price target on Chevron from $192.00 to $191.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Piper Sandler lifted their price target on Chevron from $164.00 to $168.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron presently has a consensus rating of “Hold” and a consensus price target of $165.25.

Insider Transactions at Chevron

In other Chevron news, VP Alana K. Knowles sold 3,978 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president owned 1,181 shares in the company, valued at $188,960. This represents a 77.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Hess sold 375,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $158.30, for a total value of $59,362,500.00. Following the completion of the transaction, the director owned 1,403,045 shares of the company’s stock, valued at approximately $222,102,023.50. This represents a 21.09% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Chevron Stock Down 0.6%

Shares of NYSE:CVX opened at $155.63 on Monday. 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 1 year low of $132.04 and a 1 year high of $168.96. The stock has a market capitalization of $268.92 billion, a P/E ratio of 20.03, a PEG ratio of 4.42 and a beta of 0.84. The stock has a 50-day simple moving average of $156.04 and a 200-day simple moving average of $148.48.

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

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were issued a dividend of $1.71 per share. The ex-dividend date was Tuesday, August 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. Chevron’s payout ratio 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.