LexAurum Advisors LLC lessened its stake in Chevron Co. (NYSE:CVX) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,332 shares of the oil and gas company’s stock after selling 215 shares during the quarter. LexAurum Advisors LLC’s holdings in Chevron were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of CVX. Tompkins Financial Corp raised its holdings in shares of Chevron by 2.3% in the third quarter. Tompkins Financial Corp now owns 6,185 shares of the oil and gas company’s stock valued at $734,000 after purchasing an additional 139 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Chevron by 2.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,466,947 shares of the oil and gas company’s stock worth $173,980,000 after purchasing an additional 28,989 shares during the period. Beacon Harbor Wealth Advisors Inc. boosted its position in Chevron by 5.4% during the third quarter. Beacon Harbor Wealth Advisors Inc. now owns 17,994 shares of the oil and gas company’s stock worth $2,093,000 after purchasing an additional 920 shares during the period. Cordasco Financial Network boosted its position in Chevron by 38.5% during the third quarter. Cordasco Financial Network now owns 525 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 146 shares during the period. Finally, Pettinga Financial Advisors LLC boosted its position in Chevron by 57.3% during the third quarter. Pettinga Financial Advisors LLC now owns 5,343 shares of the oil and gas company’s stock worth $634,000 after purchasing an additional 1,946 shares during the period. Hedge funds and other institutional investors own 65.68% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Chevron from $142.00 to $139.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Morgan Stanley lowered their target price on Chevron from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. ValuEngine upgraded Chevron from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BMO Capital Markets assumed coverage on Chevron in a report on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 target price on the stock. Finally, Barclays initiated coverage on Chevron in a report on Monday, August 19th. They set an “overweight” rating and a $145.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Chevron presently has a consensus rating of “Buy” and an average price target of $135.88.
In other Chevron news, CEO Michael K. Wirth sold 33,750 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $125.00, for a total value of $4,218,750.00. Following the completion of the transaction, the chief executive officer now owns 33,750 shares in the company, valued at $4,218,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Inchausti sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $119.89, for a total transaction of $1,798,350.00. Following the completion of the sale, the insider now owns 15,000 shares of the company’s stock, valued at approximately $1,798,350. The disclosure for this sale can be found here. Insiders have sold 91,750 shares of company stock worth $11,216,850 over the last 90 days. 0.31% of the stock is owned by insiders.
CVX traded down $0.96 on Friday, reaching $120.93. 4,176,056 shares of the stock were exchanged, compared to its average volume of 6,442,372. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.15 and a quick ratio of 0.91. Chevron Co. has a fifty-two week low of $100.22 and a fifty-two week high of $127.34. The company’s 50-day moving average price is $117.65 and its 200 day moving average price is $119.96. The firm has a market capitalization of $231.49 billion, a PE ratio of 14.66, a PEG ratio of 3.25 and a beta of 0.99.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.11). The firm had revenue of $36.12 billion for the quarter, compared to analysts’ expectations of $37.69 billion. Chevron had a return on equity of 8.89% and a net margin of 8.70%. Chevron’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 earnings per share. As a group, equities analysts forecast that Chevron Co. will post 6.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Friday, November 15th. Chevron’s dividend payout ratio is presently 57.70%.
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.
Featured Story: The Discount Rate – What You Need to Know
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.