2 weeks Ago By Defense World Staff
Covington Investment Advisors Inc. reduced its position in shares of Chevron Co. ( NYSE:CVX – Free Report ) by 2.
6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,335 shares of the oil and gas company’s stock after selling 1,615 shares during the period. Chevron comprises about 1.
5% of Covington Investment Advisors Inc.’s holdings, making the stock its 24th largest holding. Covington Investment Advisors Inc.
’s holdings in Chevron were worth $9,281,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. American Capital Advisory LLC grew its position in Chevron by 403.
2% in the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 125 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in shares of Chevron in the fourth quarter valued at approximately $30,000.
Anfield Capital Management LLC grew its holdings in shares of Chevron by 118.0% in the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter.
Cyrus J. Lawrence LLC increased its stake in 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 buying an additional 100 shares during the period. Finally, Cooksen Wealth LLC acquired a new stake in Chevron during the 4th quarter worth approximately $40,000.
Hedge funds and other institutional investors own 72.42% of the company’s stock. Chevron Price Performance Shares of NYSE:CVX opened at $145.
49 on Monday. Chevron Co. has a 12 month low of $135.
37 and a 12 month high of $171.70. The firm has a market capitalization of $268.
13 billion, a P/E ratio of 13.38, a P/E/G ratio of 2.68 and a beta of 1.
09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.
16 and a quick ratio of 0.85. The company’s fifty day moving average price is $146.
63 and its 200 day moving average price is $154.31. Chevron Announces Dividend The firm also recently declared 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. This represents a $6.
52 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date was Monday, August 19th.
Chevron’s dividend payout ratio is currently 59.98%. Analyst Upgrades and Downgrades CVX has been the topic of a number of recent research reports.
Truist Financial cut their price objective on Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research report on Monday, August 5th.
UBS Group lowered 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.
Scotiabank reduced their price target on Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th.
Wolfe Research began coverage on Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Barclays reduced their target price on shares of Chevron from $203.
00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock.
According to data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average target price of $180.24. View Our Latest Research Report on Chevron 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. Featured Articles Five stocks we like better than Chevron How to Use High Beta Stocks to Maximize Your Investing Profits Simon Property REIT: A Safe Bet for Growth and Steady Dividends Low PE Growth Stocks: Unlocking Investment Opportunities CarMax’s Impressive Rally: What Investors Should Watch Next How to Evaluate a Stock Before Buying MarketBeat Week in Review – 9/23 – 9/27 Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Chevron Co. ( NYSE:CVX – Free Report ). Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.
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