Chevron Co. (NYSE:CVX) Shares Sold by Mittelman Wealth Management

Mittelman Wealth Management lessened its position in shares of Chevron Co. (NYSE:CVX) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,890 shares of the oil and gas company’s stock after selling 132 shares during the period. Mittelman Wealth Management’s holdings in Chevron were worth $1,234,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CVX. Gilbert & Cook Inc. increased 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 valued at $1,538,000 after buying an additional 369 shares during the last quarter. Aveo Capital Partners LLC boosted its position in shares of Chevron by 1.0% during the 4th quarter. Aveo Capital Partners LLC now owns 8,617 shares of the oil and gas company’s stock worth $1,285,000 after acquiring an additional 82 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in shares of Chevron by 55.0% in the 4th quarter. Gryphon Financial Partners LLC now owns 11,404 shares of the oil and gas company’s stock valued at $1,648,000 after acquiring an additional 4,047 shares during the last quarter. TrinityPoint Wealth LLC raised its position 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 worth $1,588,000 after acquiring an additional 680 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Chevron by 2.4% during the fourth quarter. Assetmark Inc. now owns 118,336 shares of the oil and gas company’s stock worth $17,651,000 after purchasing an additional 2,825 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Mizuho dropped 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. 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 research report on Monday, August 5th. Royal Bank of Canada cut their price target on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Barclays decreased their price objective on shares of Chevron from $203.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, UBS Group cut their target price on Chevron from $192.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.41.

Chevron Trading Up 0.4 %

NYSE:CVX opened at $143.96 on Thursday. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $171.70. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $148.47 and its 200-day simple moving average is $154.54. The firm has a market cap of $263.29 billion, a P/E ratio of 13.24, a PEG ratio of 2.41 and a beta of 1.09.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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 firm had revenue of $51.18 billion during 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.08 earnings per share. Equities analysts anticipate that Chevron Co. will post 11.57 EPS for the current year.

Chevron Dividend Announcement

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

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.