Altiora Financial Group LLC Sells 100 Shares of Chevron Co. (NYSE:CVX)

Altiora Financial Group LLC decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 2.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,130 shares of the oil and gas company’s stock after selling 100 shares during the period. Altiora Financial Group LLC’s holdings in Chevron were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Carret Asset Management LLC increased its position in shares of Chevron by 2.1% during the first quarter. Carret Asset Management LLC now owns 82,532 shares of the oil and gas company’s stock valued at $13,019,000 after acquiring an additional 1,712 shares in the last quarter. Monument Capital Management increased its position in shares of Chevron by 22.6% during the first quarter. Monument Capital Management now owns 6,795 shares of the oil and gas company’s stock valued at $1,072,000 after acquiring an additional 1,253 shares in the last quarter. Sloy Dahl & Holst LLC boosted its holdings in Chevron by 3.4% in the first quarter. Sloy Dahl & Holst LLC now owns 4,087 shares of the oil and gas company’s stock worth $645,000 after purchasing an additional 135 shares during the last quarter. Tower Wealth Partners Inc. boosted its holdings in Chevron by 3.5% in the first quarter. Tower Wealth Partners Inc. now owns 3,727 shares of the oil and gas company’s stock worth $588,000 after purchasing an additional 126 shares during the last quarter. Finally, Silverlake Wealth Management LLC boosted its holdings in Chevron by 2.3% in the first quarter. Silverlake Wealth Management LLC now owns 10,026 shares of the oil and gas company’s stock worth $1,581,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

CVX opened at $156.75 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70. The firm’s fifty day moving average is $158.99 and its 200 day moving average is $154.88. The stock has a market cap of $288.89 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10.

Chevron (NYSE:CVX) last released its 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. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The company had revenue of $48.72 billion for the quarter, compared to analysts’ expectations of $48.42 billion. During the same quarter in the previous year, the company earned $3.55 EPS. Chevron’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Chevron Co. will post 13.15 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a $1.63 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.16%. Chevron’s dividend payout ratio is currently 59.98%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $170.00 to $195.00 in a report on Thursday, April 11th. Piper Sandler raised their target price on shares of Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Raymond James raised their target price on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Finally, Truist Financial raised their target price on shares of Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $186.95.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now directly owns 276 shares in the company, valued at approximately $45,540. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the sale, the vice president now directly owns 477 shares in the company, valued at approximately $76,429.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total transaction of $462,000.00. Following the completion of the sale, the vice president now owns 276 shares in the company, valued at $45,540. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,746 shares of company stock worth $2,727,971. Insiders own 0.20% of the company’s stock.

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.