Cliftonlarsonallen Wealth Advisors LLC lessened its stake in Chevron Co. (NYSE:CVX) by 5.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,125 shares of the oil and gas company’s stock after selling 804 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Chevron were worth $1,777,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Shine Investment Advisory Services Inc. acquired a new position in Chevron during the second quarter valued at approximately $106,000. Winfield Associates Inc. boosted its position in Chevron by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 63 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Chevron by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 800 shares during the last quarter. Accurate Investment Solutions Inc. boosted its position in Chevron by 59.1% during the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 502 shares during the last quarter. Finally, Ffcm LLC boosted its position in Chevron by 121.1% during the second quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 822 shares during the last quarter. 63.72% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on CVX shares. Macquarie upgraded Chevron from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Tuesday, October 17th. BMO Capital Markets lowered Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 price objective on the stock. in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale lowered Chevron from a “buy” rating to a “hold” rating and upped their price objective for the company from $120.00 to $130.00 in a research note on Wednesday, October 18th. Morgan Stanley increased their target price on Chevron from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group reiterated a “buy” rating and set a $137.00 target price on shares of Chevron in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $130.30.
Shares of Chevron Co. (NYSE CVX) traded up $0.34 during trading hours on Wednesday, reaching $113.63. The company had a trading volume of 7,027,416 shares, compared to its average volume of 7,770,000. The company has a market cap of $215,830.00, a price-to-earnings ratio of 30.06, a P/E/G ratio of 2.24 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.88.
Chevron (NYSE:CVX) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.54). Chevron had a return on equity of 5.23% and a net margin of 6.49%. The company had revenue of $37.62 billion for the quarter, compared to the consensus estimate of $38.43 billion. During the same period in the prior year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts anticipate that Chevron Co. will post 6.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be given a $1.12 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.94%. Chevron’s dividend payout ratio (DPR) is 114.29%.
In related news, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the sale, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $119.00, for a total value of $2,766,750.00. Following the transaction, the insider now owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,021 shares of company stock valued at $30,619,037. Corporate insiders own 0.38% of the company’s stock.
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Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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