SOA Wealth Advisors LLC. Sells 157 Shares of Chevron Co. (NYSE:CVX)

SOA Wealth Advisors LLC. lowered its stake in shares of Chevron Co. (NYSE:CVX) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,964 shares of the oil and gas company’s stock after selling 157 shares during the period. SOA Wealth Advisors LLC.’s holdings in Chevron were worth $933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in Chevron by 4.9% during the fourth quarter. International Assets Investment Management LLC now owns 21,470 shares of the oil and gas company’s stock valued at $3,202,000 after acquiring an additional 1,005 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chevron in the fourth quarter valued at $83,000. Waldron Private Wealth LLC lifted its stake in Chevron by 4.5% in the fourth quarter. Waldron Private Wealth LLC now owns 23,436 shares of the oil and gas company’s stock worth $3,495,000 after purchasing an additional 1,013 shares during the last quarter. Cornercap Investment Counsel Inc. grew its position in Chevron by 159.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 38,079 shares of the oil and gas company’s stock valued at $5,680,000 after acquiring an additional 23,416 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its stake in Chevron by 4.2% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 4,766 shares of the oil and gas company’s stock worth $711,000 after buying an additional 192 shares during the period. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wolfe Research initiated coverage on Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Truist Financial dropped their target price on Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Mizuho increased their price objective on Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 13th. TD Cowen lifted their target price on shares of Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company boosted their target price on Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.82.

Chevron Stock Down 0.0 %

NYSE:CVX traded down $0.07 during trading hours on Friday, hitting $146.73. 3,122,883 shares of the stock traded hands, compared to its average volume of 7,858,930. The firm has a 50 day moving average price of $154.00 and a 200 day moving average price of $155.93. The firm has a market cap of $270.42 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.42 and a beta of 1.10. 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 $139.62 and a fifty-two week high of $171.70.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The business had revenue of $51.18 billion for the quarter, compared to the consensus estimate of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.08 EPS. Equities research analysts anticipate that Chevron Co. will post 11.96 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.44%. Chevron’s dividend payout ratio is currently 59.98%.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the sale, the vice president now directly owns 477 shares of the company’s stock, valued at approximately $76,429.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

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.