Chevron Co. (NYSE:CVX) Holdings Trimmed by FinTrust Capital Advisors LLC

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FinTrust Capital Advisors LLC decreased its stake in Chevron Co. (NYSE:CVX) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,886 shares of the oil and gas company’s stock after selling 101 shares during the period. FinTrust Capital Advisors LLC’s holdings in Chevron were worth $857,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of Chevron by 0.6% in the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 14,149 shares of the oil and gas company’s stock valued at $1,761,000 after acquiring an additional 84 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC increased its position in Chevron by 1.7% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 5,051 shares of the oil and gas company’s stock worth $631,000 after buying an additional 86 shares during the period. JNBA Financial Advisors boosted its position in shares of Chevron by 1.6% in the second quarter. JNBA Financial Advisors now owns 5,604 shares of the oil and gas company’s stock valued at $697,000 after acquiring an additional 86 shares during the period. Taylor Cottrill Erickson & Associates Inc. grew its position in shares of Chevron by 0.5% during the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,079 shares of the oil and gas company’s stock worth $1,967,000 after purchasing an additional 90 shares in the last quarter. Finally, Bingham Osborn & Scarborough LLC grew its position in shares of Chevron by 0.5% during the 4th quarter. Bingham Osborn & Scarborough LLC now owns 18,273 shares of the oil and gas company’s stock worth $1,988,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 65.79% of the company’s stock.

Shares of CVX opened at $121.28 on Thursday. The company has a market capitalization of $226.65 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 2.97 and a beta of 1.01. The stock has a 50 day moving average of $119.43 and a 200 day moving average of $121.28. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. Chevron Co. has a 12 month low of $100.22 and a 12 month high of $127.60.

Chevron (NYSE:CVX) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.27 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $38.85 billion for the quarter, compared to analysts’ expectations of $40.14 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The company’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts predict that Chevron Co. will post 6.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.76 annualized dividend and a yield of 3.92%. Chevron’s dividend payout ratio is currently 57.70%.

In other Chevron news, EVP Joseph C. Geagea sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $116.98, for a total value of $1,754,700.00. Following the completion of the transaction, the executive vice president now owns 6,243 shares of the company’s stock, valued at approximately $730,306.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph C. Geagea sold 8,000 shares of Chevron stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $122.50, for a total transaction of $980,000.00. Following the sale, the insider now directly owns 9,243 shares of the company’s stock, valued at $1,132,267.50. The disclosure for this sale can be found here. Insiders have sold a total of 71,750 shares of company stock worth $8,793,900 in the last ninety days. 0.31% of the stock is currently owned by insiders.

A number of equities research analysts recently issued reports on CVX shares. BMO Capital Markets started coverage on Chevron in a research report on Tuesday, August 20th. They set an “outperform” rating and a $165.00 price target on the stock. ValuEngine downgraded Chevron from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays initiated coverage on shares of Chevron in a research note on Monday, August 19th. They issued an “overweight” rating and a $145.00 price target on the stock. Independent Research set a $127.00 target price on shares of Chevron and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Cowen set a $140.00 price objective on Chevron and gave the stock a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $136.22.

About Chevron

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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