Curi Capital LLC Purchases 7,819 Shares of Chevron Corporation $CVX

Curi Capital LLC increased its position in shares of Chevron Corporation (NYSE:CVX) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,458 shares of the oil and gas company’s stock after acquiring an additional 7,819 shares during the quarter. Curi Capital LLC’s holdings in Chevron were worth $14,528,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in Chevron during the 1st quarter valued at about $31,000. Quaker Wealth Management LLC raised its stake in shares of Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after buying an additional 439 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 118 shares during the period. IMG Wealth Management Inc. boosted its stake in Chevron by 52.3% in the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 91 shares during the last quarter. Finally, GFG Capital LLC acquired a new stake in Chevron during the 2nd quarter worth $42,000. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

CVX has been the topic of several recent research reports. Hsbc Global Res upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Morgan Stanley increased their target price on Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Wells Fargo & Company boosted their target price on Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. HSBC set a $169.00 price target on Chevron and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Zacks Research cut shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $166.00.

Chevron Trading Down 0.5%

NYSE CVX opened at $149.95 on Friday. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market cap of $301.93 billion, a P/E ratio of 21.09, a P/E/G ratio of 8.95 and a beta of 0.68. The stock’s 50-day moving average is $152.74 and its 200-day moving average is $151.98.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.Chevron’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 EPS. Sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a dividend yield of 4.6%. Chevron’s dividend payout ratio is currently 96.20%.

Insider Activity at Chevron

In related news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by 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; 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.