Chevron Corporation $CVX Shares Sold by Brentview Investment Management LLC

Brentview Investment Management LLC lowered its position in shares of Chevron Corporation (NYSE:CVX) by 1.7% in the 2nd quarter, Holdings Channel reports. The fund owned 40,184 shares of the oil and gas company’s stock after selling 692 shares during the period. Chevron comprises 2.9% of Brentview Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding. Brentview Investment Management LLC’s holdings in Chevron were worth $5,754,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Elequin Capital LP acquired a new stake in shares of Chevron in the first quarter valued at approximately $31,000. Quaker Wealth Management LLC increased its position in Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 439 shares during the period. Vermillion & White Wealth Management Group LLC increased its position in Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 118 shares during the period. IMG Wealth Management Inc. raised its stake in Chevron by 52.3% during the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 91 shares in the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in Chevron during the 1st quarter worth $45,000. 72.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chevron

In other news, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America raised 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. Morgan Stanley raised their target price on shares of Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research cut shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $165.58.

Chevron Price Performance

Shares of NYSE CVX opened at $151.21 on Monday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $153.97 and a two-hundred day moving average of $151.29. The company has a market capitalization of $304.46 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 4.40 and a beta of 0.83.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The business had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same period in the previous year, the firm earned $2.48 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, November 18th. Chevron’s dividend payout ratio is 96.20%.

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.