Quent Capital LLC Sells 911 Shares of Chevron Co. (NYSE:CVX)

Quent Capital LLC decreased its stake in shares of Chevron Co. (NYSE:CVX) by 23.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,045 shares of the oil and gas company’s stock after selling 911 shares during the period. Quent Capital LLC’s holdings in Chevron were worth $448,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Trivant Custom Portfolio Group LLC lifted its position in shares of Chevron by 1.4% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 16,408 shares of the oil and gas company’s stock worth $2,416,000 after buying an additional 220 shares in the last quarter. Central Valley Advisors LLC lifted its holdings in Chevron by 2.8% during the third quarter. Central Valley Advisors LLC now owns 6,910 shares of the oil and gas company’s stock worth $1,018,000 after acquiring an additional 190 shares during the period. Mirador Capital Partners LP increased its position in shares of Chevron by 1.4% during the 3rd quarter. Mirador Capital Partners LP now owns 105,138 shares of the oil and gas company’s stock valued at $15,484,000 after purchasing an additional 1,409 shares during the last quarter. Seneca House Advisors raised its stake in shares of Chevron by 2.3% during the 3rd quarter. Seneca House Advisors now owns 4,751 shares of the oil and gas company’s stock worth $700,000 after purchasing an additional 106 shares during the period. Finally, Allied Investment Advisors LLC boosted its holdings in shares of Chevron by 2.3% in the 3rd quarter. Allied Investment Advisors LLC now owns 74,536 shares of the oil and gas company’s stock worth $10,977,000 after buying an additional 1,702 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Down 0.3 %

NYSE:CVX opened at $150.74 on Friday. The firm has a market capitalization 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 52 week low of $135.37 and a 52 week high of $170.17. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $145.99 and a 200 day moving average of $154.12.

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

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.33%. Chevron’s dividend payout ratio (DPR) is 59.98%.

Analysts Set New Price Targets

CVX has been the topic of a number of recent research reports. Royal Bank of Canada dropped 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. UBS Group reduced their target price on Chevron from $192.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Scotiabank lowered 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. Barclays reduced their price objective on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company lowered their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.