Chevron Corporation $CVX Holdings Lifted by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC grew its position in Chevron Corporation (NYSE:CVX) by 21.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 18,462 shares of the oil and gas company’s stock after buying an additional 3,311 shares during the period. Chevron makes up approximately 2.0% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 21st largest position. St. Louis Financial Planners Asset Management LLC’s holdings in Chevron were worth $2,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Harvest Fund Management Co. Ltd lifted its stake in shares of Chevron by 420.7% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 122 shares during the period. 10Elms LLP acquired a new stake in shares of Chevron in the 4th quarter worth approximately $29,000. Elequin Capital LP acquired a new stake in shares of Chevron in the 1st quarter worth approximately $31,000. IFS Advisors LLC lifted its stake in shares of Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 116 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in shares of Chevron in the 1st quarter worth approximately $39,000. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Melius began coverage on shares of Chevron in a research note on Wednesday, August 20th. They issued a “hold” rating and a $155.00 price target for the company. Mizuho cut their target price on shares of Chevron from $192.00 to $191.00 and set an “outperform” rating for the company in a research note on Monday. UBS Group increased their target price on shares of Chevron from $186.00 to $197.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Jefferies Financial Group reissued a “buy” rating on shares of Chevron in a research note on Friday, July 18th. Finally, Evercore ISI reissued an “outperform” rating and set a $180.00 target price on shares of Chevron in a research note on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Chevron presently has a consensus rating of “Hold” and a consensus price target of $165.05.

Insider Buying and Selling at Chevron

In other news, VP Alana K. Knowles sold 3,978 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $160.00, for a total transaction of $636,480.00. Following the completion of the transaction, the vice president directly owned 1,181 shares of the company’s stock, valued at approximately $188,960. This trade represents a 77.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hess sold 375,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the transaction, the director directly owned 1,403,045 shares of the company’s stock, valued at $222,102,023.50. The trade was a 21.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Chevron Stock Performance

NYSE:CVX opened at $157.46 on Tuesday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The firm’s fifty day simple moving average is $154.87 and its 200 day simple moving average is $148.78. 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 market capitalization of $272.09 billion, a PE ratio of 20.27, a PEG ratio of 1.98 and a beta of 0.90.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.19. The company had revenue of $44.82 billion for the quarter, compared to analyst estimates of $44.59 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the business posted $2.55 EPS. On average, sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 88.03%.

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.