Evernest Monetary Advisors LLC lowered its holdings in Chevron Co. (NYSE:CVX – Free Report) by 19.7% through the third quarter, in keeping with the corporate in its most up-to-date disclosure with the Securities and Trade Fee. The fund owned 3,299 shares of the oil and gasoline firm’s inventory after promoting 808 shares through the interval. Evernest Monetary Advisors LLC’s holdings in Chevron had been price $486,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional traders have additionally purchased and offered shares of the enterprise. Anfield Capital Administration LLC elevated its holdings in Chevron by 118.0% through the second quarter. Anfield Capital Administration LLC now owns 218 shares of the oil and gasoline firm’s inventory price $34,000 after shopping for an extra 118 shares over the last quarter. Cyrus J. Lawrence LLC raised its holdings in shares of Chevron by 66.7% within the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gasoline firm’s inventory price $39,000 after buying an extra 100 shares through the interval. Livelsberger Monetary Advisory bought a brand new place in Chevron within the third quarter valued at roughly $47,000. Krane Funds Advisors LLC bought a brand new stake in Chevron within the third quarter price $47,000. Lastly, Dixon Mitchell Funding Counsel Inc. bought a brand new place in shares of Chevron through the 1st quarter valued at $55,000. Hedge funds and different institutional traders personal 72.42% of the corporate’s inventory.
Analysts Set New Value Targets
A number of equities analysts have not too long ago weighed in on the inventory. Financial institution of America began protection on shares of Chevron in a analysis word on Thursday, October seventeenth. They issued a “purchase” ranking and a $168.00 goal worth for the corporate. Truist Monetary lowered their worth goal on Chevron from $154.00 to $150.00 and set a “maintain” ranking for the corporate in a analysis report on Monday, September thirtieth. Barclays dropped their worth goal on Chevron from $185.00 to $168.00 and set an “chubby” ranking on the inventory in a report on Thursday, October third. Royal Financial institution of Canada reaffirmed an “outperform” ranking and set a $170.00 goal worth on shares of Chevron in a report on Tuesday, October eighth. Lastly, Scotiabank decreased their worth goal on Chevron from $180.00 to $163.00 and set a “sector outperform” ranking on the inventory in a analysis report on Thursday, October tenth. 5 analysis analysts have rated the inventory with a maintain ranking and twelve have issued a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat.com, the inventory presently has a consensus ranking of “Reasonable Purchase” and a consensus goal worth of $173.07.
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Chevron Inventory Up 0.1 %
Shares of NYSE CVX opened at $150.84 on Tuesday. The inventory has a market capitalization of $275.87 billion, a P/E ratio of 14.93, a PEG ratio of two.73 and a beta of 1.09. Chevron Co. has a one 12 months low of $135.37 and a one 12 months excessive of $167.11. The agency’s 50 day easy shifting common is $146.19 and its two-hundred day easy shifting common is $153.55. The corporate has a debt-to-equity ratio of 0.13, a present ratio of 1.16 and a fast ratio of 0.85.
Chevron (NYSE:CVX – Get Free Report) final issued its earnings outcomes on Friday, August 2nd. The oil and gasoline firm reported $2.55 EPS for the quarter, lacking analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a return on fairness of 13.70% and a internet margin of 9.31%. The enterprise had income of $51.18 billion through the quarter, in comparison with analysts’ expectations of $48.68 billion. Throughout the identical quarter within the earlier 12 months, the enterprise earned $3.08 EPS. Chevron’s income for the quarter was up 4.7% in comparison with the identical quarter final 12 months. As a gaggle, analysts anticipate that Chevron Co. will put up 10.95 EPS for the present fiscal 12 months.
Chevron Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, September tenth. Shareholders of file on Monday, August nineteenth had been paid a $1.63 dividend. The ex-dividend date was Monday, August nineteenth. This represents a $6.52 dividend on an annualized foundation and a yield of 4.32%. Chevron’s dividend payout ratio (DPR) is at present 64.55%.
Chevron Profile
Chevron Company, by means of its subsidiaries, engages within the built-in power and chemical substances operations in the US and internationally. The corporate operates in two segments, Upstream and Downstream. The Upstream phase is concerned within the exploration, growth, manufacturing, and transportation of crude oil and pure gasoline; processing, liquefaction, transportation, and regasification of liquefied pure gasoline; transportation of crude oil by means of pipelines; transportation, storage, and advertising of pure gasoline; and carbon seize and storage, in addition to a gas-to-liquids plant.
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