Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in shares of Chevron Co. (NYSE:CVX – Free Report) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,619 shares of the oil and gas company’s stock after selling 381 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Chevron were worth $10,775,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CVX. Eagle Capital Management LLC lifted its position in Chevron by 0.5% during the 1st quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company’s stock valued at $5,435,000 after acquiring an additional 163 shares during the period. Marietta Wealth Management LLC lifted its position in Chevron by 10.9% during the 3rd quarter. Marietta Wealth Management LLC now owns 40,484 shares of the oil and gas company’s stock valued at $5,962,000 after acquiring an additional 3,965 shares during the period. Leo Wealth LLC lifted its position in Chevron by 19.6% during the 3rd quarter. Leo Wealth LLC now owns 8,246 shares of the oil and gas company’s stock valued at $1,214,000 after acquiring an additional 1,354 shares during the period. KCM Investment Advisors LLC lifted its position in Chevron by 2.5% during the 1st quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock valued at $52,299,000 after acquiring an additional 8,168 shares during the period. Finally, Hosking Partners LLP purchased a new position in Chevron during the 1st quarter valued at about $4,924,000. Institutional investors own 72.42% of the company’s stock.
Chevron Stock Performance
Shares of NYSE CVX opened at $148.06 on Thursday. The firm has a 50 day moving average of $146.79 and a 200 day moving average of $153.04. 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 firm has a market capitalization of $270.79 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 3.29 and a beta of 1.09. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11.
Chevron Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were given 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 4.40%. Chevron’s dividend payout ratio (DPR) is 64.55%.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Sanford C. Bernstein cut shares of Chevron from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Barclays decreased their target price on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Truist Financial decreased their target price on shares of Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a report on Monday, September 30th. Wolfe Research assumed coverage on shares of Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Scotiabank decreased their target price on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $173.07.
Read Our Latest Analysis on Chevron
About Chevron
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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