Delaney Dennis R Has $3.12 Million Holdings in Chevron Corporation $CVX

Delaney Dennis R increased its position in shares of Chevron Corporation (NYSE:CVX) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,802 shares of the oil and gas company’s stock after purchasing an additional 170 shares during the period. Chevron comprises about 1.6% of Delaney Dennis R’s investment portfolio, making the stock its 25th largest position. Delaney Dennis R’s holdings in Chevron were worth $3,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CVX. GAMMA Investing LLC grew its position in Chevron by 27.3% during the 1st quarter. GAMMA Investing LLC now owns 32,329 shares of the oil and gas company’s stock worth $5,408,000 after acquiring an additional 6,928 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Chevron by 10.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,133,752 shares of the oil and gas company’s stock valued at $189,666,000 after acquiring an additional 104,103 shares during the period. Missouri Trust & Investment Co lifted its stake in Chevron by 0.8% in the first quarter. Missouri Trust & Investment Co now owns 20,009 shares of the oil and gas company’s stock valued at $3,347,000 after buying an additional 150 shares in the last quarter. Wilsey Asset Management Inc. lifted its holdings in shares of Chevron by 0.4% in the first quarter. Wilsey Asset Management Inc. now owns 200,641 shares of the oil and gas company’s stock valued at $33,565,000 after purchasing an additional 771 shares in the last quarter. Finally, Grant Private Wealth Management Inc lifted its position in shares of Chevron by 13.2% in the first quarter. Grant Private Wealth Management Inc now owns 2,261 shares of the oil and gas company’s stock worth $378,000 after purchasing an additional 264 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a report on Wednesday, October 8th. 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 research report on Tuesday, October 7th. Melius Research began coverage on Chevron in a research report on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price for the company. Scotiabank lifted their price objective on shares of Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Chevron in a research note on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Chevron presently has an average rating of “Hold” and an average price target of $165.40.

Chevron Trading Down 1.7%

CVX opened at $149.11 on Monday. The company has a fifty day moving average price of $156.10 and a two-hundred day moving average price of $148.41. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96. The company has a market cap of $257.66 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16.

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, beating the consensus estimate of $1.58 by $0.19. The business had revenue of $44.82 billion during the quarter, compared to the consensus estimate of $44.59 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. Chevron’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.55 EPS. Analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Chevron’s dividend payout ratio is 88.03%.

About Chevron

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.