Invesco LLC Has $1.72 Million Stock Position in Chevron Co. (NYSE:CVX)

Invesco LLC increased its position in shares of Chevron Co. (NYSE:CVX) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,658 shares of the oil and gas company’s stock after buying an additional 169 shares during the quarter. Invesco LLC’s holdings in Chevron were worth $1,717,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Anfield Capital Management LLC raised its stake in Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after buying an additional 118 shares during the period. Cyrus J. Lawrence LLC raised its stake in Chevron by 66.7% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after buying an additional 100 shares during the period. Krane Funds Advisors LLC bought a new stake in Chevron during the 3rd quarter worth approximately $47,000. Livelsberger Financial Advisory bought a new stake in Chevron during the 3rd quarter worth approximately $47,000. Finally, MFA Wealth Advisors LLC bought a new stake in Chevron during the 2nd quarter worth approximately $59,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Truist Financial decreased their price objective on Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a report on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and set a $170.00 price objective on shares of Chevron in a report on Tuesday, October 8th. Wolfe Research initiated coverage on Chevron in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Mizuho reduced their target price on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $173.07.

Chevron Stock Performance

NYSE CVX traded up $4.25 on Friday, hitting $153.07. 11,727,977 shares of the stock traded hands, compared to its average volume of 5,864,947. The business’s fifty day moving average is $146.96 and its two-hundred day moving average is $152.98. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The firm has a market capitalization of $279.95 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 3.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The firm had revenue of $51.18 billion for the quarter, compared to the consensus estimate of $48.68 billion. During the same period last year, the company posted $3.08 earnings per share. Chevron’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Chevron Co. will post 10.74 EPS for the current fiscal year.

Chevron Company 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.