New Hampshire Trust Increases Stake in Chevron Co. (NYSE:CVX)

New Hampshire Trust boosted its stake in Chevron Co. (NYSE:CVX) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,441 shares of the oil and gas company’s stock after purchasing an additional 214 shares during the period. New Hampshire Trust’s holdings in Chevron were worth $2,272,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Rebalance LLC purchased a new position in shares of Chevron during the fourth quarter valued at approximately $26,000. NewSquare Capital LLC increased its stake in shares of Chevron by 52.3% during the first quarter. NewSquare Capital LLC now owns 195 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 67 shares during the period. Artemis Wealth Advisors LLC purchased a new position in shares of Chevron during the first quarter valued at approximately $33,000. HBC Financial Services PLLC purchased a new position in shares of Chevron during the first quarter valued at approximately $37,000. Finally, Worth Asset Management LLC purchased a new position in shares of Chevron during the first quarter valued at approximately $36,000. 68.87% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Up 0.4 %

Shares of NYSE:CVX opened at $167.22 on Tuesday. The company has a market cap of $312.24 billion, a P/E ratio of 10.60, a PEG ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.43 and a quick ratio of 1.13. Chevron Co. has a 1 year low of $140.46 and a 1 year high of $189.68. The stock’s fifty day moving average price is $160.80 and its 200-day moving average price is $160.15.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.13. The firm had revenue of $48.90 billion for the quarter, compared to the consensus estimate of $48 billion. Chevron had a return on equity of 19.48% and a net margin of 13.54%. The company’s quarterly revenue was down 28.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.82 earnings per share. Sell-side analysts expect that Chevron Co. will post 13.23 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, August 17th. Chevron’s payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CVX shares. Royal Bank of Canada raised Chevron from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $180.00 in a research note on Thursday, June 1st. Morgan Stanley upped their price target on Chevron from $197.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Friday, August 18th. HSBC upped their price target on Chevron from $180.00 to $184.00 in a research note on Wednesday, August 9th. StockNews.com started coverage on Chevron in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised Chevron from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $161.00 to $170.00 in a research note on Wednesday, May 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.61.

Insider Buying and Selling at Chevron

In other Chevron news, CFO Pierre R. Breber sold 25,000 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $164.00, for a total value of $4,100,000.00. Following the transaction, the chief financial officer now owns 6,021 shares of the company’s stock, valued at $987,444. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $160.88, for a total value of $603,300.00. Following the transaction, the vice president now owns 1,718 shares of the company’s stock, valued at $276,391.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Pierre R. Breber sold 25,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $164.00, for a total value of $4,100,000.00. Following the completion of the transaction, the chief financial officer now directly owns 6,021 shares in the company, valued at approximately $987,444. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Chevron Profile

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.