Values First Advisors Inc. acquired a brand new stake in shares of Chevron Co. (NYSE:CVX – Free Report) within the third quarter, HoldingsChannel.com studies. The agency acquired 1,107 shares of the oil and gasoline firm’s inventory, valued at roughly $163,000.
Various different hedge funds and different institutional traders additionally not too long ago made adjustments to their positions within the inventory. Worldwide Property Funding Administration LLC lifted its holdings in Chevron by 19,404.1% in the course of the third quarter. Worldwide Property Funding Administration LLC now owns 4,901,390 shares of the oil and gasoline firm’s inventory valued at $7,218,280,000 after buying an extra 4,876,260 shares over the last quarter. Massachusetts Monetary Providers Co. MA elevated its holdings in shares of Chevron by 55.5% in the course of the second quarter. Massachusetts Monetary Providers Co. MA now owns 8,537,859 shares of the oil and gasoline firm’s inventory price $1,335,492,000 after shopping for an extra 3,048,819 shares within the final quarter. Wulff Hansen & CO. boosted its holdings in shares of Chevron by 15,542.0% within the 2nd quarter. Wulff Hansen & CO. now owns 1,175,653 shares of the oil and gasoline firm’s inventory price $183,896,000 after buying an extra 1,168,137 shares within the final quarter. Capital Worldwide Buyers grew its place in Chevron by 5.9% in the course of the 1st quarter. Capital Worldwide Buyers now owns 13,418,287 shares of the oil and gasoline firm’s inventory price $2,116,600,000 after buying an extra 743,042 shares over the last quarter. Lastly, Federated Hermes Inc. elevated its holdings in Chevron by 38.6% in the course of the 2nd quarter. Federated Hermes Inc. now owns 2,445,005 shares of the oil and gasoline firm’s inventory valued at $382,448,000 after buying an extra 681,394 shares within the final quarter. 72.42% of the inventory is owned by institutional traders.
Chevron Value Efficiency
Shares of CVX opened at $150.82 on Friday. 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 inventory has a market cap of $277.96 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of three.30 and a beta of 1.09. The inventory’s 50-day shifting common worth is $146.51 and its two-hundred day shifting common worth is $153.43. Chevron Co. has a 1 yr low of $135.37 and a 1 yr excessive of $167.11.
Chevron (NYSE:CVX – Get Free Report) final launched its quarterly earnings knowledge on Friday, August 2nd. The oil and gasoline firm reported $2.55 earnings per share for the quarter, lacking the consensus estimate of $2.93 by ($0.38). Chevron had a return on fairness of 13.70% and a internet margin of 9.31%. The agency had income of $51.18 billion for the quarter, in comparison with the consensus estimate of $48.68 billion. Throughout the identical interval within the earlier yr, the enterprise earned $3.08 EPS. The agency’s income was up 4.7% in comparison with the identical quarter final yr. On common, equities analysts predict that Chevron Co. will publish 10.86 earnings per share for the present yr.
Chevron Publicizes Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Tuesday, September tenth. Buyers of document on Monday, August nineteenth got a $1.63 dividend. This represents a $6.52 dividend on an annualized foundation and a dividend yield of 4.32%. The ex-dividend date was Monday, August nineteenth. Chevron’s dividend payout ratio is presently 59.98%.
Analyst Rankings Modifications
Various analysis corporations have commented on CVX. Truist Monetary decreased their worth goal on Chevron from $154.00 to $150.00 and set a “maintain” ranking on the inventory in a analysis observe on Monday, September thirtieth. Financial institution of America initiated protection on shares of Chevron in a report on Thursday, October seventeenth. They set a “purchase” ranking and a $168.00 worth goal on the inventory. Wells Fargo & Firm dropped their goal worth on shares of Chevron from $196.00 to $169.00 and set an “obese” ranking for the corporate in a analysis observe on Friday, September twenty seventh. Royal Financial institution of Canada reissued an “outperform” ranking and set a $170.00 worth goal on shares of Chevron in a analysis observe on Tuesday, October eighth. Lastly, Barclays dropped their worth goal on shares of Chevron from $185.00 to $168.00 and set an “obese” ranking for the corporate in a analysis report on Thursday, October third. 5 analysts have rated the inventory with a maintain ranking and twelve have given a purchase ranking to the inventory. Based on knowledge from MarketBeat.com, Chevron presently has a median ranking of “Reasonable Purchase” and a consensus goal worth of $173.07.
Examine Out Our Newest Analysis Report on Chevron
Chevron Firm Profile
Chevron Company, by way of its subsidiaries, engages within the built-in power and chemical compounds operations in the USA and internationally. The corporate operates in two segments, Upstream and Downstream. The Upstream section 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 way of pipelines; transportation, storage, and advertising and marketing of pure gasoline; and carbon seize and storage, in addition to a gas-to-liquids plant.
Advisable Tales
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