Chevron Co. (NYSE:CVX) Shares Bought by Ade LLC

Ade LLC grew its position in shares of Chevron Co. (NYSE:CVX – Free Report ) by 9.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,035 shares of the oil and gas company’s stock after purchasing an additional 175 shares during the period. Ade LLC’s holdings in Chevron were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. American Capital Advisory LLC raised its stake in Chevron by 403.2% in the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 125 shares in the last quarter. Bare Financial Services Inc purchased a new position in Chevron in the fourth quarter valued at $27,000. Frank Rimerman Advisors LLC purchased a new position in Chevron in the 4th quarter valued at $30,000. Cooksen Wealth LLC purchased a new stake in Chevron in the 4th quarter valued at approximately $40,000. Finally, Clear Investment Research LLC raised its position in Chevron by 264.9% during the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock, valued at $42,000, after bought an additional 204 shares in the last quarter. 72.42% of shares are owned by institutional investors and hedge funds.

Insider trading at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the transaction, the vice president now owns 477 shares in the company, valued at $76,429.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders hold 0.20% of the company’s shares.

Chevron stock performance

Shares of CVX traded down $0.11 during trading on Monday, hitting $147.16. The company had a trading volume of 1,967,134 shares, compared to its average volume of 7,845,469. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The firm has a 50-day moving average price of $153.82 and a 200-day moving average price of $156.02. The company has a quick ratio of 0.85, a current ratio of 1.16, and a debt-to-equity ratio of 0.13. The firm has a market cap of $271.21 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.42 and a beta of 1.10.

Chevron (NYSE:CVX – Get Your Free Report ) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The company had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. During the same period in the previous year, the firm posted EPS of $3.08. The company’s revenue for the quarter was up 4.7% year over year. On average, analysts expect that Chevron Co. to post 11.96 earnings per share for the current year.

Chevron announces dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be issued a $1.63 dividend. This represents an annualized dividend of $6.52 and a dividend yield of 4.43%. The ex-dividend date of this dividend is Monday, August 19. Chevron’s payout ratio is 59.98%.

Analyst upgrades and downgrades

A number of brokerages have recently commented on CVX. Wells Fargo & Company boosted their price objective on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Royal Bank of Canada dropped their price objective on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Mizuho raised their price objective on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Scotiabank decreased their price target on Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, HSBC upped their target price on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $183.82, according to MarketBeat.

Check out the latest stock report on Chevron

About Chevron

(Free report)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemical 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, transport and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage and trading of natural gas; and carbon capture and storage, as well as a gas-to-liquids facility.

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