Chevron Co. (NYSE:CVX) Shares Bought by Lake Street Financial LLC

Lake Street Financial LLC boosted its stake in shares of Chevron Co. (NYSE:CVX) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,015 shares of the oil and gas company’s stock after acquiring an additional 820 shares during the quarter. Lake Street Financial LLC’s holdings in Chevron were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Guidant Wealth Advisors lifted its holdings in shares of Chevron by 63.9% in the 2nd quarter. Guidant Wealth Advisors now owns 259 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 101 shares during the period. Evolution Wealth Advisors LLC acquired a new stake in shares of Chevron in the 2nd quarter valued at approximately $34,000. Cordasco Financial Network lifted its holdings in shares of Chevron by 55.3% in the 2nd quarter. Cordasco Financial Network now owns 379 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 135 shares during the period. Ashburton Jersey Ltd acquired a new stake in shares of Chevron in the 2nd quarter valued at approximately $54,000. Finally, Thor Advisors LLC acquired a new stake in shares of Chevron in the 1st quarter valued at approximately $67,000. 65.90% of the stock is owned by institutional investors.

NYSE CVX traded up $0.63 during mid-day trading on Tuesday, hitting $122.18. The stock had a trading volume of 71,286 shares, compared to its average volume of 5,773,739. Chevron Co. has a 52-week low of $100.22 and a 52-week high of $127.60. The firm has a market cap of $231.89 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 2.98 and a beta of 1.00. The stock has a 50 day moving average price of $123.62. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.53. Chevron had a return on equity of 9.58% and a net margin of 9.18%. The firm had revenue of $38.85 billion during the quarter, compared to the consensus estimate of $40.14 billion. During the same period last year, the business posted $1.78 EPS. Chevron’s quarterly revenue was down 8.0% on a year-over-year basis. Sell-side analysts expect that Chevron Co. will post 6.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Friday, August 16th. Chevron’s payout ratio is 57.70%.

CVX has been the subject of several research analyst reports. Zacks Investment Research downgraded Chevron from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Cowen reaffirmed a “buy” rating and issued a $142.00 price objective on shares of Chevron in a research note on Wednesday, April 17th. Morgan Stanley dropped their price objective on Chevron from $146.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Citigroup initiated coverage on Chevron in a research note on Monday, May 13th. They issued a “buy” rating and a $135.00 price objective for the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $135.41.

In other Chevron news, Chairman Michael K. Wirth sold 33,750 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $125.60, for a total transaction of $4,239,000.00. Following the completion of the transaction, the chairman now owns 33,750 shares of the company’s stock, valued at $4,239,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph C. Geagea sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $122.97, for a total value of $1,229,700.00. Following the transaction, the executive vice president now directly owns 11,243 shares of the company’s stock, valued at approximately $1,382,551.71. The disclosure for this sale can be found here. Insiders have sold 50,050 shares of company stock valued at $6,237,321 in the last three months. 0.31% of the stock is currently owned by company insiders.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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