Moneta Group Investment Advisors LLC Boosts Position in Chevron Co. (CVX)

Moneta Group Investment Advisors LLC increased its holdings in Chevron Co. (NYSE:CVX) by 814.2% during the second quarter, Holdings Channel reports. The institutional investor owned 202,772 shares of the oil and gas company’s stock after acquiring an additional 180,592 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Chevron were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Live Your Vision LLC lifted its holdings in shares of Chevron by 308.0% in the second quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after buying an additional 616 shares in the last quarter. Point72 Asia Hong Kong Ltd lifted its holdings in shares of Chevron by 20,716.7% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,243 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its holdings in shares of Chevron by 45.4% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock worth $187,000 after buying an additional 462 shares in the last quarter. First National Bank of Hutchinson purchased a new position in shares of Chevron in the second quarter worth $200,000. Finally, Mosaic Financial Partners Inc. purchased a new position in shares of Chevron in the second quarter worth $200,000. 64.67% of the stock is currently owned by institutional investors.

Shares of CVX opened at $115.91 on Friday. Chevron Co. has a fifty-two week low of $107.54 and a fifty-two week high of $133.88. The firm has a market capitalization of $224.02 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19.



Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.05. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The company had revenue of $43.99 billion for the quarter, compared to analysts’ expectations of $47.17 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. Chevron’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, analysts anticipate that Chevron Co. will post 8.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, November 15th. Chevron’s dividend payout ratio is presently 121.08%.

In related news, insider James William Johnson sold 4,750 shares of the business’s stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $119.97, for a total value of $569,857.50. Following the sale, the insider now owns 4,750 shares in the company, valued at $569,857.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 23,750 shares of company stock worth $2,821,833 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on the stock. Redburn Partners downgraded shares of Chevron from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $115.00 in a report on Wednesday, October 3rd. Goldman Sachs Group raised shares of Chevron from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Monday, October 1st. Royal Bank of Canada set a $150.00 target price on shares of Chevron and gave the stock a “hold” rating in a report on Thursday, September 20th. Finally, Wells Fargo & Co lowered their target price on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $139.13.

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About Chevron

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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