2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company lowered its holdings in Chevron Co. ( NYSE:CVX – Free Report ) by 1.7% in the second quarter, HoldingsChannel reports.
The firm owned 1,326,669 shares of the oil and gas company’s stock after selling 22,687 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Chevron were worth $207,517,000 as of its most recent SEC filing. Several other institutional investors have also modified their holdings of the business.
American Capital Advisory LLC lifted its stake in Chevron by 403.2% in the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 125 shares during the last quarter.
Frank Rimerman Advisors LLC purchased a new stake in shares of Chevron during the 4th quarter worth $30,000. Anfield Capital Management LLC lifted its position in shares of Chevron by 118.0% during the 2nd quarter.
Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC grew its stake in shares of Chevron by 66.
7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter.
Finally, Cooksen Wealth LLC purchased a new position in Chevron in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 72.42% of the company’s stock.
Chevron Stock Performance NYSE:CVX opened at $145.51 on Friday. Chevron Co.
has a 1-year low of $135.37 and a 1-year high of $171.70.
The firm has a 50 day simple moving average of $146.63 and a 200-day simple moving average of $154.29.
The firm has a market cap of $266.13 billion, a PE ratio of 13.39, 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.
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 issued a $1.63 dividend.
This represents a $6.52 dividend on an annualized basis and a yield of 4.48%.
The ex-dividend date of this dividend was Monday, August 19th. Chevron’s payout ratio is currently 59.98%.
Analyst Ratings Changes A number of equities analysts recently issued reports on the company. Truist Financial lowered their price target on Chevron from $156.00 to $154.
00 and set a “hold” rating for the company in a report on Monday, August 5th. Wolfe Research began coverage on shares of Chevron in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock.
Mizuho reduced their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research report on Monday, September 16th.
Royal Bank of Canada dropped their price objective on Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, August 5th.
Finally, Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $183.00 to $167.
00 in a report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.
24. Check Out Our Latest Stock Report on CVX Chevron Company 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. Read More 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.
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