Evermay Wealth Management LLC lowered its position in shares of Chevron Co. (NYSE:CVX – Free Report) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,502 shares of the oil and gas company’s stock after selling 145 shares during the quarter. Evermay Wealth Management LLC’s holdings in Chevron were worth $663,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in shares of Chevron during the 3rd quarter valued at $82,000. GSB Wealth Management LLC raised its position in shares of Chevron by 8.2% during the third quarter. GSB Wealth Management LLC now owns 20,115 shares of the oil and gas company’s stock worth $2,962,000 after purchasing an additional 1,517 shares during the period. Trajan Wealth LLC lifted its holdings in shares of Chevron by 20.4% during the third quarter. Trajan Wealth LLC now owns 31,195 shares of the oil and gas company’s stock valued at $4,594,000 after purchasing an additional 5,282 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Chevron by 15,750.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 3,901,345 shares of the oil and gas company’s stock valued at $574,551,000 after purchasing an additional 3,876,731 shares during the period. Finally, Mutual Advisors LLC increased its stake in Chevron by 1.6% in the 3rd quarter. Mutual Advisors LLC now owns 88,549 shares of the oil and gas company’s stock worth $13,322,000 after purchasing an additional 1,396 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.
Chevron Stock Down 0.3 %
CVX stock opened at $148.06 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market cap of $270.79 billion, a PE ratio of 14.66, a PEG ratio of 3.29 and a beta of 1.09. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a fifty day simple moving average of $146.79 and a 200 day simple moving average of $153.04.
Chevron Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.40%. Chevron’s dividend payout ratio (DPR) is presently 64.55%.
Analyst Ratings Changes
A number of research firms have commented on CVX. Royal Bank of Canada reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Chevron in a research note on Tuesday, October 8th. Wells Fargo & Company reduced their price target on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. Sanford C. Bernstein cut shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Wolfe Research initiated coverage on Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, 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 report on Monday, September 30th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Chevron 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.
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