Coppell Advisory Solutions LLC Lowers Stock Position in Chevron Corporation $CVX

Coppell Advisory Solutions LLC cut its position in shares of Chevron Corporation (NYSE:CVX) by 35.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,143 shares of the oil and gas company’s stock after selling 4,500 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Chevron were worth $1,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its position in shares of Chevron by 106.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 11,260 shares of the oil and gas company’s stock worth $1,612,000 after buying an additional 5,797 shares in the last quarter. Cape Investment Advisory Inc. increased its position in shares of Chevron by 2.7% during the second quarter. Cape Investment Advisory Inc. now owns 20,320 shares of the oil and gas company’s stock valued at $2,910,000 after acquiring an additional 538 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in Chevron by 3.8% during the second quarter. Anchor Investment Management LLC now owns 42,693 shares of the oil and gas company’s stock worth $6,113,000 after acquiring an additional 1,567 shares during the period. Hohimer Wealth Management LLC boosted its position in Chevron by 2.0% in the second quarter. Hohimer Wealth Management LLC now owns 7,806 shares of the oil and gas company’s stock worth $1,118,000 after purchasing an additional 154 shares during the last quarter. Finally, Campbell Capital Management Inc. grew its stake in Chevron by 12.3% in the 2nd quarter. Campbell Capital Management Inc. now owns 48,911 shares of the oil and gas company’s stock valued at $7,004,000 after purchasing an additional 5,355 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Activity

In related news, Director John B. Hess sold 275,000 shares of the stock in a transaction dated 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 sale, the director owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CVX shares. Melius Research began coverage on Chevron in a research note on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price on the stock. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Raymond James Financial reissued an “outperform” rating and set a $160.00 target price (down from $170.00) on shares of Chevron in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Hsbc Global Res upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $166.00.

Chevron Stock Performance

NYSE CVX opened at $149.95 on Monday. The company’s 50 day moving average is $152.74 and its 200-day moving average is $152.19. The firm has a market cap of $301.93 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 8.91 and a beta of 0.68. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. During the same period in the previous year, the business earned $2.48 EPS. Chevron’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, November 18th. Chevron’s payout ratio is presently 96.20%.

Chevron Company 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.