Cyndeo Wealth Partners LLC Purchases 168 Shares of Chevron Corporation $CVX

Cyndeo Wealth Partners LLC boosted its position in Chevron Corporation (NYSE:CVXFree Report) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 19,929 shares of the oil and gas company’s stock after buying an additional 168 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Chevron were worth $2,854,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd grew its position 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 purchasing an additional 122 shares in the last quarter. Elequin Capital LP bought a new stake in Chevron in the 1st quarter worth about $31,000. Cloud Capital Management LLC bought a new stake in Chevron in the 1st quarter worth about $39,000. Investment Management Corp VA ADV grew its position in Chevron by 171.3% in the 1st quarter. Investment Management Corp VA ADV now owns 236 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 149 shares in the last quarter. Finally, 1 North Wealth Services LLC bought a new stake in Chevron in the 1st quarter worth about $45,000. 72.42% of the stock is owned by institutional investors.

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 375,000 shares of the stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Alana K. Knowles sold 3,978 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $160.00, for a total transaction of $636,480.00. Following the completion of the sale, the vice president owned 1,181 shares in the company, valued at $188,960. This represents a 77.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Chevron Stock Down 1.7%

CVX opened at $149.11 on Friday. The company has a 50 day moving average of $156.10 and a 200 day moving average of $148.67. The company has a market cap of $257.66 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVXGet Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.58 by $0.19. The company had revenue of $44.82 billion during the quarter, compared to the consensus estimate of $44.59 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. Chevron’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the firm earned $2.55 EPS. On average, sell-side analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a $1.71 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $6.84 annualized dividend and a yield of 4.6%. Chevron’s dividend payout ratio is currently 88.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. TD Cowen increased their target price on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research report on Monday, August 4th. Scotiabank increased their target price on shares of Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday. Raymond James Financial reissued an “outperform” rating on shares of Chevron in a research report on Friday, August 1st. Finally, Evercore ISI reissued an “outperform” rating and set a $180.00 target price on shares of Chevron in a research report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $165.40.

Get Our Latest Report on Chevron

About Chevron

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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