Carolinas Wealth Consulting LLC Has $631,000 Holdings in Chevron Co. (NYSE:CVX)

Carolinas Wealth Consulting LLC boosted its holdings in shares of Chevron Co. (NYSE:CVX) by 12.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,038 shares of the oil and gas company’s stock after buying an additional 459 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Chevron were worth $631,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CVX. Pacifica Partners Inc. raised its stake in shares of Chevron by 1.8% in the 1st quarter. Pacifica Partners Inc. now owns 3,492 shares of the oil and gas company’s stock valued at $546,000 after acquiring an additional 63 shares in the last quarter. Private Wealth Management Group LLC grew its holdings in Chevron by 15.7% during the first quarter. Private Wealth Management Group LLC now owns 464 shares of the oil and gas company’s stock valued at $73,000 after purchasing an additional 63 shares during the last quarter. Montz Harcus Wealth Management LLC raised its position in shares of Chevron by 2.2% in the second quarter. Montz Harcus Wealth Management LLC now owns 2,943 shares of the oil and gas company’s stock valued at $460,000 after purchasing an additional 63 shares during the period. Hubbell Strickland Wealth Management LLC lifted its stake in shares of Chevron by 0.7% in the second quarter. Hubbell Strickland Wealth Management LLC now owns 9,493 shares of the oil and gas company’s stock worth $1,485,000 after buying an additional 64 shares during the last quarter. Finally, Marks Group Wealth Management Inc boosted its holdings in shares of Chevron by 3.1% during the 1st quarter. Marks Group Wealth Management Inc now owns 2,148 shares of the oil and gas company’s stock worth $339,000 after buying an additional 65 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Up 0.4 %

Shares of CVX stock opened at $143.96 on Thursday. The firm has a fifty day moving average of $148.47 and a 200-day moving average of $154.54. The stock has a market cap of $263.29 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 2.41 and a beta of 1.09. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $171.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). The business had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $3.08 EPS. On average, equities research analysts forecast that Chevron Co. will post 11.57 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Monday, August 19th. Chevron’s dividend payout ratio is 59.98%.

Wall Street Analyst Weigh In

CVX has been the topic of several recent analyst reports. Truist Financial dropped their target price on shares of Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Scotiabank cut their price objective on Chevron from $195.00 to $180.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. UBS Group dropped their price target on Chevron from $192.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays reduced their price objective on Chevron from $203.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.41.

Chevron 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.