Aviso Wealth Administration trimmed its stake in Chevron Co. (NYSE:CVX – Free Report) by 23.6% within the 2nd quarter, in keeping with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee. The agency owned 5,037 shares of the oil and fuel firm’s inventory after promoting 1,554 shares in the course of the interval. Aviso Wealth Administration’s holdings in Chevron had been price $788,000 as of its most up-to-date SEC submitting.
A number of different institutional traders and hedge funds have additionally just lately modified their holdings of the inventory. Pacifica Companions Inc. lifted its place in shares of Chevron by 1.8% within the 1st quarter. Pacifica Companions Inc. now owns 3,492 shares of the oil and fuel firm’s inventory price $546,000 after buying a further 63 shares in the course of the interval. Non-public Wealth Administration Group LLC lifted its place in Chevron by 15.7% in the course of the 1st quarter. Non-public Wealth Administration Group LLC now owns 464 shares of the oil and fuel firm’s inventory valued at $73,000 after buying a further 63 shares in the course of the interval. Montz Harcus Wealth Administration LLC lifted its place in Chevron by 2.2% in the course of the 2nd quarter. Montz Harcus Wealth Administration LLC now owns 2,943 shares of the oil and fuel firm’s inventory valued at $460,000 after buying a further 63 shares in the course of the interval. Hubbell Strickland Wealth Administration LLC lifted its place in Chevron by 0.7% in the course of the 2nd quarter. Hubbell Strickland Wealth Administration LLC now owns 9,493 shares of the oil and fuel firm’s inventory valued at $1,485,000 after buying a further 64 shares in the course of the interval. Lastly, Marks Group Wealth Administration Inc lifted its place in Chevron by 3.1% in the course of the 1st quarter. Marks Group Wealth Administration Inc now owns 2,148 shares of the oil and fuel firm’s inventory valued at $339,000 after buying a further 65 shares in the course of the interval. 72.42% of the inventory is owned by hedge funds and different institutional traders.
Chevron Inventory Efficiency
Shares of CVX inventory opened at $145.49 on Friday. The corporate has a 50 day shifting common value of $146.63 and a 200-day shifting common value of $154.31. Chevron Co. has a 52 week low of $135.37 and a 52 week excessive of $171.70. The agency has a market capitalization of $268.13 billion, a PE ratio of 13.38, a P/E/G ratio of two.68 and a beta of 1.09. The corporate has a fast ratio of 0.85, a present ratio of 1.16 and a debt-to-equity ratio of 0.13.
Chevron (NYSE:CVX – Get Free Report) final introduced its quarterly earnings outcomes on Friday, August 2nd. The oil and fuel firm reported $2.55 EPS for the quarter, lacking analysts’ consensus estimates of $2.93 by ($0.38). The corporate had income of $51.18 billion in the course of the quarter, in comparison with the consensus estimate of $48.68 billion. Chevron had a return on fairness of 13.70% and a web margin of 9.31%. The enterprise’s income was up 4.7% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the agency earned $3.08 earnings per share. As a bunch, equities analysis analysts count on that Chevron Co. will put up 11.02 earnings per share for the present yr.
Chevron Proclaims Dividend
The agency additionally just lately introduced a quarterly dividend, which was paid on Tuesday, September tenth. Traders of file on Monday, August nineteenth got a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August nineteenth. This represents a $6.52 annualized dividend and a yield of 4.48%. Chevron’s dividend payout ratio (DPR) is 59.98%.
Wall Avenue Analysts Forecast Development
Numerous brokerages just lately issued experiences on CVX. Truist Monetary lowered their value goal on shares of Chevron from $156.00 to $154.00 and set a “maintain” ranking for the corporate in a analysis report on Monday, August fifth. Scotiabank lowered their value goal on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” ranking for the corporate in a analysis report on Friday, July twelfth. Barclays lowered their value goal on shares of Chevron from $203.00 to $185.00 and set an “obese” ranking for the corporate in a analysis report on Tuesday, August sixth. Mizuho lowered their value goal on shares of Chevron from $205.00 to $189.00 and set an “outperform” ranking for the corporate in a analysis report on Monday, September sixteenth. Lastly, UBS Group lowered their value goal on shares of Chevron from $192.00 to $189.00 and set a “purchase” ranking for the corporate in a analysis report on Wednesday, September 18th. Seven funding analysts have rated the inventory with a maintain ranking and 13 have issued a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat.com, the corporate at present has a mean ranking of “Reasonable Purchase” and a mean value goal of $180.24.
Learn Our Newest Evaluation on CVX
About Chevron
Chevron Company, by its subsidiaries, engages within the built-in vitality and chemical compounds operations in the US and internationally. The corporate operates in two segments, Upstream and Downstream. The Upstream phase is concerned within the exploration, improvement, manufacturing, and transportation of crude oil and pure fuel; processing, liquefaction, transportation, and regasification of liquefied pure fuel; transportation of crude oil by pipelines; transportation, storage, and advertising of pure fuel; and carbon seize and storage, in addition to a gas-to-liquids plant.
Additional Studying
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