Chevron Co. (NYSE:CVX) Shares Sold by Aspiriant LLC

Aspiriant LLC cut its holdings in Chevron Co. (NYSE:CVX) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,074 shares of the oil and gas company’s stock after selling 327 shares during the quarter. Aspiriant LLC’s holdings in Chevron were worth $3,009,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. St. Johns Investment Management Company LLC grew its position in shares of Chevron by 17.9% in the first quarter. St. Johns Investment Management Company LLC now owns 8,836 shares of the oil and gas company’s stock valued at $1,394,000 after purchasing an additional 1,342 shares during the last quarter. Cascade Wealth Advisors Inc purchased a new position in shares of Chevron during the first quarter valued at approximately $242,000. G&S Capital LLC lifted its stake in shares of Chevron by 37.3% during the first quarter. G&S Capital LLC now owns 29,162 shares of the oil and gas company’s stock valued at $4,600,000 after buying an additional 7,929 shares during the period. Aletheian Wealth Advisors LLC lifted its stake in shares of Chevron by 9.6% during the first quarter. Aletheian Wealth Advisors LLC now owns 4,976 shares of the oil and gas company’s stock valued at $785,000 after buying an additional 434 shares during the period. Finally, GoalVest Advisory LLC lifted its stake in shares of Chevron by 23.6% during the first quarter. GoalVest Advisory LLC now owns 7,331 shares of the oil and gas company’s stock valued at $1,156,000 after buying an additional 1,402 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

CVX opened at $156.00 on Thursday. The company has a fifty day simple moving average of $159.33 and a 200 day simple moving average of $154.51. The firm has a market cap of $287.50 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.41 and a beta of 1.12. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $171.70. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the business earned $3.55 EPS. Equities research analysts expect that Chevron Co. will post 13.15 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Thursday, May 16th. Chevron’s dividend payout ratio is currently 59.98%.

Insiders Place Their Bets

In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total transaction of $410,389.00. Following the completion of the transaction, the director now directly owns 7,647 shares of the company’s stock, valued at approximately $1,231,167. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total transaction of $410,389.00. Following the completion of the transaction, the director now directly owns 7,647 shares of the company’s stock, valued at approximately $1,231,167. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.50, for a total transaction of $833,523.00. Following the transaction, the director now directly owns 2,549 shares of the company’s stock, valued at $416,761.50. The disclosure for this sale can be found here. Insiders sold a total of 19,546 shares of company stock valued at $3,176,223 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CVX shares. TD Cowen upped their price objective on shares of Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Mizuho upped their price objective on shares of Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 13th. UBS Group increased their price target on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Finally, Raymond James increased their price target on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $186.95.

About Chevron

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. 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 of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.