Johanson Financial Advisors Inc. reduced its position in Chevron Co. (NYSE:CVX) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,277 shares of the oil and gas company’s stock after selling 479 shares during the period. Johanson Financial Advisors Inc.’s holdings in Chevron were worth $1,782,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Guidant Wealth Advisors raised its holdings in Chevron by 63.9% in the 2nd quarter. Guidant Wealth Advisors now owns 259 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 101 shares during the period. Evolution Wealth Advisors LLC bought a new position in Chevron in the 2nd quarter valued at about $34,000. Cordasco Financial Network raised its holdings in Chevron by 55.3% in the 2nd quarter. Cordasco Financial Network now owns 379 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 135 shares during the period. Ashburton Jersey Ltd bought a new position in Chevron in the 2nd quarter valued at about $54,000. Finally, Thor Advisors LLC bought a new position in Chevron in the 1st quarter valued at about $67,000. Institutional investors and hedge funds own 65.90% of the company’s stock.

CVX has been the topic of several research analyst reports. Morgan Stanley lowered their price target on shares of Chevron from $146.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Zacks Investment Research cut shares of Chevron from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Citigroup initiated coverage on shares of Chevron in a report on Monday, May 13th. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Cowen reissued a “buy” rating and issued a $142.00 price target on shares of Chevron in a report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $135.41.

Shares of CVX traded up $0.63 during mid-day trading on Tuesday, hitting $122.18. 71,286 shares of the company’s stock were exchanged, compared to its average volume of 5,773,739. Chevron Co. has a 52 week low of $100.22 and a 52 week high of $127.60. The stock has a 50-day moving average of $123.62. The stock has a market capitalization of $231.89 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 2.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 1.15.

Chevron (NYSE:CVX) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.53. Chevron had a net margin of 9.18% and a return on equity of 9.58%. The company had revenue of $38.85 billion for the quarter, compared to analysts’ expectations of $40.14 billion. During the same period last year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. Sell-side analysts forecast that Chevron Co. will post 6.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.76 annualized dividend and a dividend yield of 3.90%. Chevron’s dividend payout ratio is presently 57.70%.

In related news, Director Enrique Hernandez, Jr. sold 4,200 shares of Chevron stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $122.13, for a total value of $512,946.00. Following the transaction, the director now directly owns 15,689 shares of the company’s stock, valued at $1,916,097.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Debra L. Reed acquired 4,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $118.14 per share, for a total transaction of $502,095.00. The disclosure for this purchase can be found here. Insiders have sold 50,050 shares of company stock worth $6,237,321 over the last ninety days. Insiders own 0.31% of the company’s stock.

Chevron Company Profile

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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