Chevron Corporation $CVX Shares Sold by Vestor Capital LLC

Vestor Capital LLC trimmed its holdings in Chevron Corporation (NYSE:CVX) by 79.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,194 shares of the oil and gas company’s stock after selling 19,927 shares during the period. Vestor Capital LLC’s holdings in Chevron were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CVX. Main Street Group LTD purchased a new stake in Chevron during the 1st quarter valued at about $28,000. Kilter Group LLC acquired a new stake in Chevron in the 2nd quarter valued at about $28,000. Principia Wealth Advisory LLC raised its holdings in Chevron by 49.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Strategic Wealth Advisors LLC purchased a new position in Chevron in the 2nd quarter worth approximately $33,000. Finally, Burk Holdings LLC purchased a new position in Chevron in the 2nd quarter worth approximately $42,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Price Performance

Chevron stock opened at $210.91 on Tuesday. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $236.48. The stock has a market cap of $416.71 billion, a P/E ratio of 15.43, a PEG ratio of 0.51 and a beta of 0.47. The company has a 50-day moving average price of $215.09 and a 200 day moving average price of $194.63. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 30th. The oil and gas company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.87 by $0.41. The company had revenue of $65.24 billion for the quarter, compared to analyst estimates of $61.82 billion. Chevron had a net margin of 11.56% and a return on equity of 14.64%. Chevron’s revenue was up 36.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 EPS. Sell-side analysts anticipate that Chevron Corporation will post 18.56 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, November 18th. Chevron’s payout ratio is presently 52.08%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CVX. Piper Sandler boosted their target price on Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. HSBC set a $90.00 price target on Chevron in a report on Friday, September 25th. DZ Bank downgraded Chevron from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. lifted their price objective on Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Bank of America boosted their price objective on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $221.88.

Insider Activity

In related news, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Wirth sold 317,100 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 379,470 shares of company stock valued at $77,216,415. 0.56% of the stock is currently owned by company insiders.

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.