Chevron Co. (NYSE:CVX) Stock Position Lessened by LexAurum Advisors LLC

LexAurum Advisors LLC decreased its stake in shares of Chevron Co. (NYSE:CVX) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,876 shares of the oil and gas company’s stock after selling 563 shares during the period. LexAurum Advisors LLC’s holdings in Chevron were worth $1,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AlphaCore Capital LLC increased its holdings in shares of Chevron by 5.6% in the third quarter. AlphaCore Capital LLC now owns 19,871 shares of the oil and gas company’s stock valued at $3,351,000 after buying an additional 1,049 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of Chevron by 11.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 47,196 shares of the oil and gas company’s stock valued at $7,958,000 after purchasing an additional 4,881 shares during the period. Personal CFO Solutions LLC increased its stake in Chevron by 4.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 15,027 shares of the oil and gas company’s stock worth $2,534,000 after purchasing an additional 596 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Chevron by 7.7% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 117,081 shares of the oil and gas company’s stock worth $19,742,000 after buying an additional 8,366 shares during the period. Finally, Joseph Group Capital Management boosted its holdings in shares of Chevron by 9.7% in the third quarter. Joseph Group Capital Management now owns 9,012 shares of the oil and gas company’s stock worth $1,520,000 after buying an additional 798 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Raymond James raised their price objective on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Mizuho upped their target price on Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a report on Monday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chevron in a research report on Monday, April 1st. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $170.00 to $195.00 in a research note on Thursday, April 11th. Finally, TD Cowen increased their price objective on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $186.95.

Chevron Trading Down 0.9 %

NYSE:CVX opened at $155.28 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $159.25 and its 200-day moving average is $154.21. The firm has a market cap of $286.18 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 2.33 and a beta of 1.12. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The firm had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. During the same quarter last year, the firm posted $3.55 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. Equities analysts anticipate that Chevron Co. will post 13.45 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $1.63 per share. The ex-dividend date was Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.20%. Chevron’s payout ratio is 59.98%.

Insider Buying and Selling at Chevron

In other news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the transaction, the vice president now directly owns 477 shares in the company, valued at $76,429.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $165.24, for a total value of $421,196.76. Following the completion of the sale, the director now owns 27,725 shares in the company, valued at $4,581,279. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the transaction, the vice president now owns 477 shares in the company, valued at $76,429.71. The disclosure for this sale can be found here. Insiders have sold 19,546 shares of company stock valued at $3,176,223 in the last 90 days. 0.20% of the stock is currently owned by 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.