waypoint wealth counsel Sells 218 Shares of Chevron Co. (NYSE:CVX)

waypoint wealth counsel reduced its stake in Chevron Co. (NYSE:CVX) by 9.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,170 shares of the oil and gas company’s stock after selling 218 shares during the quarter. waypoint wealth counsel’s holdings in Chevron were worth $320,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CVX. J. W. Coons Advisors LLC raised its position in shares of Chevron by 1.4% in the 4th quarter. J. W. Coons Advisors LLC now owns 7,097 shares of the oil and gas company’s stock valued at $1,059,000 after buying an additional 100 shares in the last quarter. Wescott Financial Advisory Group LLC lifted its stake in Chevron by 10.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 3,459 shares of the oil and gas company’s stock worth $516,000 after purchasing an additional 334 shares during the last quarter. Wealth Quarterback LLC boosted its holdings in shares of Chevron by 5.1% in the 4th quarter. Wealth Quarterback LLC now owns 6,956 shares of the oil and gas company’s stock valued at $1,037,000 after purchasing an additional 335 shares in the last quarter. Waterloo Capital L.P. increased its stake in shares of Chevron by 90.5% in the 4th quarter. Waterloo Capital L.P. now owns 6,278 shares of the oil and gas company’s stock valued at $936,000 after purchasing an additional 2,982 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in shares of Chevron by 1.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 713,990 shares of the oil and gas company’s stock worth $106,499,000 after buying an additional 6,744 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Down 0.3 %

Shares of CVX stock traded down $0.51 on Friday, hitting $150.74. The company had a trading volume of 7,895,285 shares, compared to its average volume of 8,508,590. The stock’s 50-day moving average is $145.99 and its two-hundred day moving average is $154.12. 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 has a market cap of $275.69 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.72 and a beta of 1.09. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $170.17.

Chevron (NYSE:CVX) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The firm had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.08 EPS. On average, equities research analysts anticipate that Chevron Co. will post 11.09 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 yield of 4.33%. Chevron’s payout ratio is 59.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wolfe Research initiated coverage on Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Scotiabank decreased their price target on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Truist Financial lowered 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, September 30th. Wells Fargo & Company cut their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, September 27th. Finally, Royal Bank of Canada lowered their price target on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.00.

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.