BDO Wealth Advisors LLC trimmed its holdings in shares of Chevron Co. (NYSE:CVX – Get Rating) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,180 shares of the oil and gas company’s stock after selling 420 shares during the quarter. BDO Wealth Advisors LLC’s holdings in Chevron were worth $3,937,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Your Advocates Ltd. LLP acquired a new stake in Chevron in the first quarter worth approximately $25,000. Rational Advisors LLC raised its stake in Chevron by 116.3% during the 4th quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 121 shares during the period. Curi Wealth Management LLC acquired a new stake in Chevron during the 4th quarter valued at $30,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Chevron in the first quarter worth $30,000. Finally, Landmark Wealth Management LLC acquired a new position in shares of Chevron in the first quarter worth $34,000. 65.89% of the stock is owned by institutional investors.
Analyst Ratings Changes
CVX has been the subject of a number of recent analyst reports. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and decreased their price target for the company from $183.00 to $167.00 in a report on Wednesday, July 20th. Raymond James increased their price target on shares of Chevron from $173.00 to $191.00 and gave the stock an “outperform” rating in a research report on Monday, April 18th. Bank of America increased their price target on shares of Chevron from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup dropped their price objective on shares of Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $172.00 price target on shares of Chevron in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Chevron has an average rating of “Moderate Buy” and a consensus target price of $173.00.
Insider Buying and Selling at Chevron
Chevron Stock Performance
Shares of CVX stock opened at $151.14 on Friday. Chevron Co. has a 12 month low of $92.86 and a 12 month high of $182.40. The stock has a market cap of $296.96 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.63 and a beta of 1.15. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $154.86 and its 200-day moving average price is $155.19.
Chevron (NYSE:CVX – Get Rating) last announced its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. The company had revenue of $68.76 billion for the quarter, compared to analysts’ expectations of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 20.19%. Chevron’s revenue was up 82.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 EPS. On average, equities analysts expect that Chevron Co. will post 17.51 EPS for the current fiscal year.
Chevron Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 19th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.76%. The ex-dividend date is Thursday, August 18th. Chevron’s dividend payout ratio is currently 37.89%.
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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