Ensign Peak Advisors Inc Buys 12,387 Shares of Chevron Corporation $CVX

Ensign Peak Advisors Inc boosted its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,953,074 shares of the oil and gas company's stock after acquiring an additional 12,387 shares during the period. Ensign Peak Advisors Inc owned 0.11% of Chevron worth $279,661,000 at the end of the most recent quarter.

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Several other large investors have also added to or reduced their stakes in CVX. Harvest Fund Management Co. Ltd increased its stake in Chevron by 420.7% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock worth $25,000 after buying an additional 122 shares in the last quarter. Elequin Capital LP bought a new stake in Chevron during the 1st quarter valued at approximately $31,000. Quaker Wealth Management LLC lifted its holdings in Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 439 shares in the last quarter. IMG Wealth Management Inc. boosted its stake in Chevron by 52.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 91 shares during the period. Finally, Investment Management Corp VA ADV grew its holdings in Chevron by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 236 shares of the oil and gas company's stock valued at $39,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analysts Set New Price Targets

CVX has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Chevron from $190.00 to $196.00 and gave the stock an "overweight" rating in a report on Friday, November 14th. Morgan Stanley lifted their target price on Chevron from $177.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, November 13th. Piper Sandler reduced their price target on shares of Chevron from $171.00 to $169.00 and set an "overweight" rating on the stock in a research report on Monday, November 10th. UBS Group increased their price objective on shares of Chevron from $186.00 to $197.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Finally, Bank of America boosted their price objective on Chevron from $170.00 to $185.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $166.55.

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Get Our Latest Analysis on CVX

Insider Activity

In other Chevron news, Director John B. Hess sold 375,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the transaction, the director directly owned 1,403,045 shares in the company, valued at $222,102,023.50. This represents a 21.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alana K. Knowles sold 3,978 shares of Chevron stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $160.00, for a total transaction of $636,480.00. Following the sale, the vice president directly owned 1,181 shares of the company's stock, valued at $188,960. This represents a 77.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is owned by insiders.

Chevron Stock Down 1.2%

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Shares of NYSE:CVX opened at $151.72 on Thursday. The firm has a market capitalization of $305.49 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 4.40 and a beta of 0.83. The business has a 50 day simple moving average of $155.13 and a two-hundred day simple moving average of $150.65. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly 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 firm had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%.Chevron's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $2.48 EPS. On average, equities analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be issued a dividend of $1.71 per share. The ex-dividend date is Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. Chevron's dividend payout ratio (DPR) is presently 96.20%.

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.

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