2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. lessened its position in Chevron Co.
( NYSE:CVX – Free Report ) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,796 shares of the oil and gas company’s stock after selling 9,029 shares during the quarter.
B. Riley Wealth Advisors Inc.’s holdings in Chevron were worth $17,644,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. American Capital Advisory LLC grew its position in shares of Chevron by 403.2% in the first quarter.
American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 125 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Chevron in the 4th quarter valued at $30,000. Anfield Capital Management LLC increased its stake in shares of Chevron by 118.
0% in the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 118 shares during the last quarter. Cyrus J.
Lawrence LLC raised its holdings in shares of Chevron by 66.7% during the 2nd quarter. Cyrus J.
Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 100 shares during the period. Finally, Cooksen Wealth LLC acquired a new position in shares of Chevron during the 4th quarter valued at about $40,000. 72.
42% of the stock is currently owned by hedge funds and other institutional investors. Chevron Stock Performance Shares of CVX opened at $145.49 on Monday.
Chevron Co. has a 1 year low of $135.37 and a 1 year high of $171.
70. The stock has a market capitalization of $268.13 billion, a PE ratio of 13.
38, a PEG ratio of 2.68 and a beta of 1.09.
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 stock has a 50-day simple moving average of $146.63 and a 200-day simple moving average of $154.
31. Chevron Announces Dividend 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 dividend of $1.
63 per share. 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 payout ratio is currently 59.
98%. Analyst Ratings Changes Several equities research analysts recently issued reports on CVX shares. Royal Bank of Canada cut their price objective on shares of Chevron from $190.
00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Scotiabank cut their price target on shares of Chevron from $195.
00 to $180.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Sanford C.
Bernstein cut Chevron from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $183.00 to $167.00 in a report on Wednesday, July 17th.
UBS Group cut their target price on Chevron from $192.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th.
Finally, Truist Financial decreased their price target on Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research note on Monday, August 5th.
Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $180.24.
Check Out Our Latest Research Report on CVX Chevron Profile ( Free Report ) 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.
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