Quotient Wealth Partners LLC Sells 1,026 Shares of Chevron Co. (NYSE:CVX)

Quotient Wealth Partners LLC reduced its holdings in Chevron Co. (NYSE:CVX) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 43,287 shares of the oil and gas company’s stock after selling 1,026 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Chevron were worth $6,375,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Berkshire Hathaway Inc boosted its position in Chevron by 14.4% during the fourth quarter. Berkshire Hathaway Inc now owns 126,093,326 shares of the oil and gas company’s stock valued at $18,808,081,000 after acquiring an additional 15,845,037 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Chevron by 55.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,537,859 shares of the oil and gas company’s stock worth $1,335,492,000 after acquiring an additional 3,048,819 shares during the last quarter. Wulff Hansen & CO. raised its holdings in shares of Chevron by 15,542.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,175,653 shares of the oil and gas company’s stock worth $183,896,000 after acquiring an additional 1,168,137 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Chevron during the 1st quarter valued at about $156,482,000. Finally, Confluence Investment Management LLC bought a new stake in Chevron during the 1st quarter worth approximately $123,681,000. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

CVX stock traded up $1.18 during midday trading on Thursday, reaching $150.83. 1,616,085 shares of the company’s stock traded hands, compared to its average volume of 7,764,805. The firm has a market capitalization of $275.86 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09. The company has a 50-day moving average price of $145.45 and a two-hundred day moving average price of $154.02. Chevron Co. has a 52 week low of $135.37 and a 52 week 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.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The company had revenue of $51.18 billion for the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter in the previous year, the firm posted $3.08 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Chevron Co. will post 11.09 EPS for the current 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 paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.32%. Chevron’s dividend payout ratio is presently 59.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wolfe Research started coverage on Chevron in a report on Thursday, July 18th. They set a “peer perform” rating for the company. UBS Group boosted their price target on shares of Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company cut their target price on Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, September 27th. Truist Financial decreased their price target on Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Mizuho reduced their price objective on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.59.

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.