Astoria Portfolio Advisors LLC. Sells 109 Shares of Chevron Co. (NYSE:CVX)

Astoria Portfolio Advisors LLC. decreased its stake in Chevron Co. (NYSE:CVX) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,322 shares of the oil and gas company’s stock after selling 109 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Chevron were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC grew its holdings in shares of Chevron by 20.0% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 26,486 shares of the oil and gas company’s stock valued at $4,143,000 after purchasing an additional 4,407 shares during the last quarter. Sage Capital Advisors llc grew its holdings in shares of Chevron by 4.5% during the 2nd quarter. Sage Capital Advisors llc now owns 40,548 shares of the oil and gas company’s stock valued at $6,342,000 after purchasing an additional 1,749 shares during the last quarter. First Bank & Trust grew its holdings in shares of Chevron by 9.0% during the 2nd quarter. First Bank & Trust now owns 16,962 shares of the oil and gas company’s stock valued at $2,653,000 after purchasing an additional 1,403 shares during the last quarter. Bard Financial Services Inc. grew its holdings in shares of Chevron by 3.9% during the 2nd quarter. Bard Financial Services Inc. now owns 72,770 shares of the oil and gas company’s stock valued at $11,383,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Chevron by 10.4% during the 2nd quarter. Fulton Bank N.A. now owns 48,813 shares of the oil and gas company’s stock valued at $7,635,000 after purchasing an additional 4,590 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CVX shares. Raymond James increased their target price on shares of Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Wells Fargo & Company raised their price target on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Sanford C. Bernstein lowered shares of Chevron from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Royal Bank of Canada cut their price target on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday. Finally, HSBC raised their price target on shares of Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $183.82.

Chevron Trading Down 0.6 %

Shares of NYSE:CVX traded down $0.82 on Wednesday, hitting $142.41. The company had a trading volume of 8,645,269 shares, compared to its average volume of 7,913,795. The firm’s 50-day simple moving average is $155.79 and its two-hundred day simple moving average is $156.12. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $262.46 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 2.39 and a beta of 1.10.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business had revenue of $51.18 billion for the quarter, compared to analysts’ expectations of $48.68 billion. During the same period last year, the business earned $3.08 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that Chevron Co. will post 12.45 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.58%. Chevron’s dividend payout ratio (DPR) is currently 59.98%.

Insider Activity at Chevron

In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of Chevron stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $165.24, for a total transaction of $421,196.76. Following the completion of the transaction, the director now directly owns 27,725 shares of the company’s stock, valued at approximately $4,581,279. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $165.24, for a total transaction of $421,196.76. Following the completion of the sale, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the sale, the vice president now owns 477 shares of the company’s stock, valued at $76,429.71. The disclosure for this sale can be found here. 0.20% of the stock is currently 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; 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.