Vaughan David Investments LLC IL Has $50.36 Million Holdings in Chevron Corporation $CVX

Vaughan David Investments LLC IL reduced its stake in Chevron Corporation (NYSE:CVX) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,275 shares of the oil and gas company’s stock after selling 4,380 shares during the period. Vaughan David Investments LLC IL’s holdings in Chevron were worth $50,357,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its position in Chevron by 19.3% during the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after acquiring an additional 11,875 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Chevron by 15.3% during the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after purchasing an additional 215,345 shares in the last quarter. Solitude Financial Services increased its position in Chevron by 8.2% in the 2nd quarter. Solitude Financial Services now owns 25,325 shares of the oil and gas company’s stock valued at $3,626,000 after buying an additional 1,913 shares in the last quarter. Pictet North America Advisors SA bought a new stake in shares of Chevron during the third quarter valued at approximately $5,662,000. Finally, Shell Asset Management Co. increased its position in shares of Chevron by 21.4% during the second quarter. Shell Asset Management Co. now owns 51,115 shares of the oil and gas company’s stock worth $7,319,000 after acquiring an additional 9,002 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 0.7%

Shares of CVX stock opened at $167.33 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The company has a market capitalization of $336.91 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70. The business’s fifty day moving average is $153.67 and its 200 day moving average is $154.39. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $169.37.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The firm had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same period last year, the firm posted $2.48 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a $1.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. Chevron’s dividend payout ratio is 96.20%.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at $2,355,205.50. The trade was a 95.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alana K. Knowles sold 3,200 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $168.00, for a total value of $537,600.00. Following the completion of the transaction, the insider directly owned 1,207 shares in the company, valued at approximately $202,776. This represents a 72.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 635,190 shares of company stock worth $100,254,408. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Chevron in a report on Thursday, January 8th. UBS Group reiterated a “buy” rating on shares of Chevron in a report on Monday, December 1st. Morgan Stanley upped their price objective on Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Jefferies Financial Group increased their price target on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Mizuho lifted their price objective on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus price target of $168.61.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.