Pure Financial Advisors LLC Has $826,000 Position in Chevron Co. (NYSE:CVX)

Pure Financial Advisors LLC raised its stake in shares of Chevron Co. (NYSE:CVXGet Rating) by 19.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,703 shares of the oil and gas company’s stock after buying an additional 915 shares during the quarter. Pure Financial Advisors LLC’s holdings in Chevron were worth $826,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CVX. Your Advocates Ltd. LLP acquired a new position in shares of Chevron in the 1st quarter valued at approximately $25,000. Cordant Inc. acquired a new position in shares of Chevron in the 1st quarter valued at approximately $29,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Chevron in the 1st quarter valued at approximately $30,000. Landmark Wealth Management LLC acquired a new position in shares of Chevron in the 1st quarter valued at approximately $34,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Chevron in the 4th quarter valued at approximately $36,000. 69.30% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Down 2.6 %

CVX opened at $156.45 on Monday. Chevron Co. has a 1-year low of $93.31 and a 1-year high of $182.40. The stock’s fifty day simple moving average is $154.36 and its 200 day simple moving average is $160.41. The company has a current ratio of 1.31, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The stock has a market cap of $307.39 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $1.16. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The business had revenue of $68.76 billion for the quarter, compared to analysts’ expectations of $57.69 billion. During the same quarter in the prior year, the business earned $1.71 EPS. The firm’s revenue for the quarter was up 82.9% on a year-over-year basis. As a group, research analysts expect that Chevron Co. will post 18.4 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, August 18th. Chevron’s dividend payout ratio (DPR) is presently 37.89%.

Insider Activity at Chevron

In related news, Director Wanda M. Austin sold 11,432 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $161.45, for a total value of $1,845,696.40. Following the sale, the director now owns 3,560 shares in the company, valued at approximately $574,762. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Chevron news, EVP James William Johnson sold 85,300 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $164.01, for a total value of $13,990,053.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $161.45, for a total value of $1,845,696.40. Following the completion of the transaction, the director now directly owns 3,560 shares in the company, valued at $574,762. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,732 shares of company stock worth $23,024,499. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CVX. Cowen boosted their price objective on Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. Wells Fargo & Company upped their price target on Chevron from $181.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, August 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $172.00 price target on shares of Chevron in a research report on Thursday, August 4th. HSBC raised Chevron from a “hold” rating to a “buy” rating and reduced their price target for the stock from $183.00 to $167.00 in a research report on Wednesday, July 20th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $202.00 price target on shares of Chevron in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.20.

Chevron Profile

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 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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