Northern Financial Advisors Inc Has $626,000 Stake in Chevron Corporation $CVX

Northern Financial Advisors Inc trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 12.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,374 shares of the oil and gas company’s stock after selling 617 shares during the period. Northern Financial Advisors Inc’s holdings in Chevron were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CVX. Toth Financial Advisory Corp increased its holdings in Chevron by 3.9% during the first quarter. Toth Financial Advisory Corp now owns 3,466 shares of the oil and gas company’s stock worth $580,000 after buying an additional 131 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of Chevron by 714.1% in the first quarter. NewSquare Capital LLC now owns 521 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 457 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Chevron by 0.6% in the first quarter. Yousif Capital Management LLC now owns 294,770 shares of the oil and gas company’s stock valued at $49,312,000 after purchasing an additional 1,745 shares during the last quarter. Requisite Capital Management LLC raised its position in shares of Chevron by 1.2% in the first quarter. Requisite Capital Management LLC now owns 6,362 shares of the oil and gas company’s stock valued at $1,064,000 after purchasing an additional 77 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Chevron by 6.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 28,303 shares of the oil and gas company’s stock valued at $4,735,000 after purchasing an additional 1,644 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research analyst reports. Piper Sandler increased their price objective on shares of Chevron from $164.00 to $168.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Barclays lowered their price target on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a report on Tuesday. Evercore ISI reissued an “outperform” rating and issued a $180.00 price target on shares of Chevron in a report on Thursday, July 31st. TD Cowen increased their price target on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a report on Monday, August 4th. Finally, UBS Group increased their price target on shares of Chevron from $186.00 to $197.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $165.15.

Chevron Trading Up 0.6%

CVX stock opened at $154.92 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00. The company’s 50-day simple moving average is $156.15 and its 200 day simple moving average is $148.84. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a market capitalization of $267.70 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.99 and a beta of 0.84.

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

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, August 19th. Chevron’s payout ratio is 88.03%.

Insider Activity

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

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.