Chevron Corporation $CVX Shares Bought by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC raised its holdings in shares of Chevron Corporation (NYSE:CVX) by 253.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,864 shares of the oil and gas company’s stock after buying an additional 5,639 shares during the period. Chevron comprises 0.4% of Hibernia Wealth Partners LLC’s investment portfolio, making the stock its 26th largest position. Hibernia Wealth Partners LLC’s holdings in Chevron were worth $1,126,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Clearstead Trust LLC boosted its stake in shares of Chevron by 10.0% in the second quarter. Clearstead Trust LLC now owns 16,933 shares of the oil and gas company’s stock valued at $2,425,000 after purchasing an additional 1,546 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in Chevron by 3.0% in the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 6,583 shares of the oil and gas company’s stock worth $943,000 after buying an additional 194 shares in the last quarter. Good Life Advisors LLC lifted its holdings in Chevron by 12.0% in the 2nd quarter. Good Life Advisors LLC now owns 12,838 shares of the oil and gas company’s stock worth $1,838,000 after buying an additional 1,377 shares in the last quarter. WASHINGTON TRUST Co boosted its position in Chevron by 2.7% in the 2nd quarter. WASHINGTON TRUST Co now owns 12,485 shares of the oil and gas company’s stock valued at $1,788,000 after buying an additional 331 shares during the last quarter. Finally, Capital Investment Counsel Inc grew its stake in shares of Chevron by 9.1% during the second quarter. Capital Investment Counsel Inc now owns 9,212 shares of the oil and gas company’s stock valued at $1,319,000 after acquiring an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 375,000 shares of the company’s stock in a transaction on 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 owned 1,403,045 shares of the company’s stock, valued at approximately $222,102,023.50. This represents a 21.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $636,480.00. Following the sale, the vice president owned 1,181 shares of the company’s stock, valued at $188,960. The trade was a 77.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

Chevron Stock Performance

CVX opened at $155.42 on Friday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. 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 stock has a market cap of $312.95 billion, a PE ratio of 20.00, a P/E/G ratio of 4.40 and a beta of 0.83. The stock’s 50 day simple moving average is $155.19 and its 200-day simple moving average is $150.10.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.48 EPS. Sell-side analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CVX shares. Wells Fargo & Company started coverage on shares of Chevron in a research report on Friday, October 17th. They set an “overweight” rating and a $190.00 price target for the company. Melius initiated coverage on Chevron in a research note on Wednesday, August 20th. They issued a “hold” rating and a $155.00 price target for the company. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Bank of America lifted their target price on Chevron from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, Melius Research initiated coverage on Chevron in a research report on Wednesday, August 20th. They set a “hold” rating and a $155.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chevron presently has an average rating of “Hold” and a consensus target price of $166.25.

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.