AM Investment Strategies LLC Has $947,000 Position in Chevron Co. (NYSE:CVX)

AM Investment Strategies LLC decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,433 shares of the oil and gas company’s stock after selling 68 shares during the quarter. AM Investment Strategies LLC’s holdings in Chevron were worth $947,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CVX. Marietta Wealth Management LLC boosted its holdings in Chevron by 10.9% during the third quarter. Marietta Wealth Management LLC now owns 40,484 shares of the oil and gas company’s stock worth $5,962,000 after buying an additional 3,965 shares during the last quarter. Leo Wealth LLC raised its position in shares of Chevron by 19.6% in the 3rd quarter. Leo Wealth LLC now owns 8,246 shares of the oil and gas company’s stock valued at $1,214,000 after acquiring an additional 1,354 shares during the period. KCM Investment Advisors LLC boosted its stake in Chevron by 2.5% during the 1st quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock worth $52,299,000 after acquiring an additional 8,168 shares during the last quarter. Hosking Partners LLP acquired a new position in Chevron during the first quarter valued at approximately $4,924,000. Finally, Garner Asset Management Corp increased its stake in Chevron by 14.5% in the second quarter. Garner Asset Management Corp now owns 19,997 shares of the oil and gas company’s stock valued at $3,128,000 after purchasing an additional 2,530 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Up 2.9 %

Shares of Chevron stock traded up $4.25 during trading hours on Friday, reaching $153.07. 11,727,977 shares of the company’s stock were exchanged, compared to its average volume of 5,864,947. The stock has a market cap of $279.95 billion, a P/E ratio of 15.16, a P/E/G ratio of 3.29 and a beta of 1.09. The company has a 50 day moving average of $146.96 and a two-hundred day moving average of $152.98. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.38). The company had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $3.08 EPS. On average, sell-side analysts forecast that Chevron Co. will post 10.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CVX. Royal Bank of Canada reissued an “outperform” rating and issued a $170.00 price target on shares of Chevron in a report on Tuesday, October 8th. Truist Financial decreased their target price on Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Wolfe Research initiated coverage on Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $183.00 to $167.00 in a research report on Wednesday, July 17th. Finally, Barclays dropped their target price on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.07.

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.