Chevron Co. (NYSE:CVX) Stock Holdings Reduced by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. trimmed its position in shares of Chevron Co. (NYSE:CVX) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,820 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Chevron were worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CVX. Gilbert & Cook Inc. boosted its holdings in Chevron by 3.7% in the fourth quarter. Gilbert & Cook Inc. now owns 10,312 shares of the oil and gas company’s stock worth $1,538,000 after purchasing an additional 369 shares in the last quarter. Aveo Capital Partners LLC lifted its position in shares of Chevron by 1.0% in the fourth quarter. Aveo Capital Partners LLC now owns 8,617 shares of the oil and gas company’s stock worth $1,285,000 after buying an additional 82 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Chevron by 55.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 11,404 shares of the oil and gas company’s stock worth $1,648,000 after acquiring an additional 4,047 shares in the last quarter. TrinityPoint Wealth LLC increased its holdings in shares of Chevron by 6.8% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,646 shares of the oil and gas company’s stock valued at $1,588,000 after acquiring an additional 680 shares during the last quarter. Finally, AXS Investments LLC lifted its holdings in Chevron by 14.1% in the 4th quarter. AXS Investments LLC now owns 1,095 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. 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. Wolfe Research began coverage on Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank lowered their price objective on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Finally, Truist Financial cut their target price on shares of Chevron from $156.00 to $154.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.41.

Chevron Price Performance

Shares of CVX stock opened at $145.65 on Friday. The firm’s 50 day moving average price is $148.06 and its two-hundred day moving average price is $154.45. The stock has a market cap of $268.43 billion, a PE ratio of 13.40, a PEG ratio of 2.48 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 announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. During the same period last year, the firm earned $3.08 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that Chevron Co. will post 11.48 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.48%. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

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.