Integrated Advisors Network LLC Has $10.88 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Integrated Advisors Network LLC grew its stake in Chevron Co. (NYSE:CVXGet Rating) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,148 shares of the oil and gas company’s stock after buying an additional 6,177 shares during the period. Integrated Advisors Network LLC’s holdings in Chevron were worth $10,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Chevron by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 167,767,288 shares of the oil and gas company’s stock valued at $27,317,547,000 after purchasing an additional 4,367,157 shares in the last quarter. FMR LLC boosted its position in shares of Chevron by 62.3% during the 2nd quarter. FMR LLC now owns 11,343,585 shares of the oil and gas company’s stock valued at $1,642,325,000 after purchasing an additional 4,354,660 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Chevron by 1,886.8% during the 1st quarter. 1832 Asset Management L.P. now owns 2,346,162 shares of the oil and gas company’s stock valued at $376,786,000 after purchasing an additional 2,228,072 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chevron by 17.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,763,275 shares of the oil and gas company’s stock valued at $1,589,915,000 after purchasing an additional 1,437,047 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Chevron by 13.6% during the 1st quarter. Swiss National Bank now owns 8,349,332 shares of the oil and gas company’s stock valued at $1,359,522,000 after purchasing an additional 998,700 shares in the last quarter. Institutional investors and hedge funds own 69.30% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, Director Alice P. Gast sold 2,706 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $179.44, for a total value of $485,564.64. Following the completion of the sale, the director now directly owns 21,964 shares of the company’s stock, valued at $3,941,220.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Alice P. Gast sold 2,706 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $179.44, for a total value of $485,564.64. Following the completion of the transaction, the director now directly owns 21,964 shares of the company’s stock, valued at $3,941,220.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael K. Wirth sold 34,620 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $185.03, for a total value of $6,405,738.60. The disclosure for this sale can be found here. Insiders sold 125,097 shares of company stock valued at $22,971,967 over the last ninety days. 0.32% of the stock is currently owned by insiders.

Chevron Stock Performance

NYSE:CVX traded down $1.65 during trading hours on Thursday, reaching $184.24. The stock had a trading volume of 5,831,218 shares, compared to its average volume of 8,293,712. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.15 and a current ratio of 1.40. The stock has a 50 day simple moving average of $168.12 and a 200 day simple moving average of $161.64. Chevron Co. has a 12-month low of $110.73 and a 12-month high of $189.68. The stock has a market cap of $356.25 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21.

Chevron (NYSE:CVXGet Rating) last released its earnings results on Friday, October 28th. The oil and gas company reported $5.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.34. Chevron had a return on equity of 22.36% and a net margin of 14.36%. The business had revenue of $66.64 billion during the quarter, compared to the consensus estimate of $61.44 billion. During the same period last year, the business posted $2.96 earnings per share. The business’s revenue for the quarter was up 49.1% on a year-over-year basis. On average, research analysts forecast that Chevron Co. will post 19.24 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 18th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, November 17th. Chevron’s dividend payout ratio is currently 32.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CVX. Raymond James upped their target price on Chevron from $188.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. Cowen increased their price target on Chevron from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. Societe Generale upgraded Chevron from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Morgan Stanley increased their price target on Chevron from $193.00 to $196.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 19th. Finally, StockNews.com began coverage on Chevron in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.85.

About Chevron

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 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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