Syntegra Non-public Wealth Group LLC lessened its stake in Chevron Co. (NYSE:CVX – Free Report) by 30.8% through the third quarter, based on its most up-to-date disclosure with the SEC. The institutional investor owned 1,426 shares of the oil and fuel firm’s inventory after promoting 636 shares through the quarter. Syntegra Non-public Wealth Group LLC’s holdings in Chevron had been value $210,000 on the finish of the newest reporting interval.
A number of different institutional buyers additionally lately purchased and bought shares of the inventory. Anfield Capital Administration LLC boosted its holdings in shares of Chevron by 118.0% through the 2nd quarter. Anfield Capital Administration LLC now owns 218 shares of the oil and fuel firm’s inventory valued at $34,000 after buying an extra 118 shares over the last quarter. Cyrus J. Lawrence LLC boosted its stake in Chevron by 66.7% through the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and fuel firm’s inventory valued at $39,000 after shopping for an extra 100 shares over the last quarter. Krane Funds Advisors LLC bought a brand new place in Chevron through the third quarter valued at roughly $47,000. Livelsberger Monetary Advisory bought a brand new place in Chevron through the third quarter valued at roughly $47,000. Lastly, Dixon Mitchell Funding Counsel Inc. purchased a brand new stake in Chevron within the 1st quarter value roughly $55,000. 72.42% of the inventory is owned by hedge funds and different institutional buyers.
Chevron Inventory Down 0.3 %
NYSE:CVX opened at $150.46 on Thursday. The inventory has a fifty day easy shifting common of $146.44 and a 200-day easy shifting common of $153.45. The corporate has a present ratio of 1.16, a fast ratio of 0.85 and a debt-to-equity ratio of 0.13. The corporate has a market cap of $277.29 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of two.73 and a beta of 1.09. Chevron Co. has a twelve month low of $135.37 and a twelve month excessive of $167.11.
Chevron (NYSE:CVX – Get Free Report) final launched its quarterly earnings knowledge on Friday, August 2nd. The oil and fuel firm reported $2.55 earnings per share (EPS) for the quarter, lacking the consensus estimate of $2.93 by ($0.38). The corporate had income of $51.18 billion through the quarter, in comparison with analysts’ expectations of $48.68 billion. Chevron had a web margin of 9.31% and a return on fairness of 13.70%. Chevron’s quarterly income was up 4.7% on a year-over-year foundation. Throughout the identical interval final 12 months, the agency earned $3.08 earnings per share. Analysts anticipate that Chevron Co. will put up 10.95 EPS for the present 12 months.
Chevron Dividend Announcement
The corporate additionally lately disclosed a quarterly dividend, which was paid on Tuesday, September tenth. Buyers of report on Monday, August nineteenth had been paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August nineteenth. This represents a $6.52 annualized dividend and a yield of 4.33%. Chevron’s dividend payout ratio (DPR) is at present 59.98%.
Analyst Upgrades and Downgrades
Plenty of analysis corporations lately weighed in on CVX. Truist Monetary reduce their goal worth on shares of Chevron from $154.00 to $150.00 and set a “maintain” ranking for the corporate in a report on Monday, September thirtieth. Scotiabank dropped their worth goal on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” ranking for the corporate in a analysis word on Thursday, October tenth. Royal Financial institution of Canada restated an “outperform” ranking and set a $170.00 goal worth on shares of Chevron in a analysis report on Tuesday, October eighth. Barclays dropped their worth goal on Chevron from $185.00 to $168.00 and set an “chubby” ranking for the corporate in a analysis report on Thursday, October third. Lastly, Wolfe Analysis started protection on Chevron in a analysis report on Thursday, July 18th. They set a “peer carry out” ranking on the inventory. 5 analysts have rated the inventory with a maintain ranking and twelve have assigned a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat, the inventory has a consensus ranking of “Reasonable Purchase” and a median goal worth of $173.07.
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About Chevron
Chevron Company, by way of 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 section 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 way of pipelines; transportation, storage, and advertising of pure fuel; and carbon seize and storage, in addition to a gas-to-liquids plant.
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