Newbridge Financial Services Group Inc. decreased its position in Chevron Co. (NYSE:CVX – Free Report) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,585 shares of the oil and gas company’s stock after selling 216 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Chevron were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Eagle Capital Management LLC grew its holdings in Chevron by 0.5% during the 1st quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company’s stock valued at $5,435,000 after purchasing an additional 163 shares during the last quarter. Lane & Associates LLC purchased a new position in Chevron during the 1st quarter valued at about $345,000. KCM Investment Advisors LLC boosted its position in Chevron by 2.5% during the 1st quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock valued at $52,299,000 after acquiring an additional 8,168 shares in the last quarter. Livelsberger Financial Advisory purchased a new stake in Chevron in the fourth quarter valued at about $46,000. Finally, Hosking Partners LLP acquired a new stake in Chevron in the 1st quarter worth approximately $4,924,000. Institutional investors own 72.42% of the company’s stock.
Chevron Stock Up 1.7 %
CVX stock opened at $149.73 on Wednesday. The firm has a market cap of $273.84 billion, a PE ratio of 13.77, a PEG ratio of 2.64 and a beta of 1.09. Chevron Co. has a one year low of $135.37 and a one year high of $170.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The firm’s 50 day moving average price is $146.34 and its 200-day moving average price is $154.21.
Chevron Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.35%. Chevron’s dividend payout ratio is currently 59.98%.
Analyst Upgrades and Downgrades
CVX has been the subject of several analyst reports. Barclays decreased their price objective on Chevron from $203.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Sanford C. Bernstein cut Chevron from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $183.00 to $167.00 in a research report on Wednesday, July 17th. Truist Financial reduced their price objective on shares of Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a research report on Monday. Mizuho decreased their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Wolfe Research began coverage on Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $180.00.
Read Our Latest Stock Report on CVX
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. 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 of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
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