Security National Bank of Sioux City Iowa IA lowered its stake in Chevron Co. (NYSE:CVX) by 78.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,178 shares of the oil and gas company’s stock after selling 11,770 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Chevron were worth $402,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Live Your Vision LLC boosted its position in shares of Chevron by 308.0% in the 2nd quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 616 shares in the last quarter. Point72 Asia Hong Kong Ltd boosted its position in shares of Chevron by 20,716.7% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 1,243 shares in the last quarter. Shine Investment Advisory Services Inc. boosted its position in shares of Chevron by 45.4% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 462 shares in the last quarter. First National Bank of Hutchinson bought a new stake in shares of Chevron in the 2nd quarter worth approximately $200,000. Finally, Mosaic Financial Partners Inc. bought a new stake in shares of Chevron in the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 64.67% of the company’s stock.
Shares of CVX stock opened at $117.24 on Thursday. The company has a market cap of $224.02 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.22. Chevron Co. has a 52-week low of $107.54 and a 52-week high of $133.88.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a dividend of $1.12 per share. The ex-dividend date is Thursday, November 15th. This represents a $4.48 annualized dividend and a dividend yield of 3.82%. Chevron’s payout ratio is currently 121.08%.
In other news, insider James William Johnson sold 9,500 shares of Chevron stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $118.59, for a total transaction of $1,126,605.00. Following the completion of the sale, the insider now directly owns 9,500 shares in the company, valued at $1,126,605. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 19,000 shares of company stock valued at $2,247,463 over the last quarter. Insiders own 0.38% of the company’s stock.
CVX has been the topic of a number of analyst reports. HSBC raised Chevron from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Piper Jaffray Companies reissued an “overweight” rating on shares of Chevron in a research report on Tuesday, October 23rd. Goldman Sachs Group raised Chevron from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, October 2nd. Wells Fargo & Co dropped their price target on Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Finally, Redburn Partners cut Chevron from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $115.00 in a research report on Wednesday, October 3rd. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $139.13.
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Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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