Boston Trust Walden Corp Sells 4,664 Shares of Chevron Co. (NYSE:CVX)

Boston Trust Walden Corp lowered its position in Chevron Co. (NYSE:CVX) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,514 shares of the oil and gas company’s stock after selling 4,664 shares during the quarter. Boston Trust Walden Corp’s holdings in Chevron were worth $19,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVX. PFG Investments LLC lifted its holdings in shares of Chevron by 19.0% in the 3rd quarter. PFG Investments LLC now owns 48,957 shares of the oil and gas company’s stock worth $7,210,000 after buying an additional 7,818 shares during the period. Pathway Financial Advisers LLC raised its holdings in shares of Chevron by 15,750.1% in the third quarter. Pathway Financial Advisers LLC now owns 3,901,345 shares of the oil and gas company’s stock valued at $574,551,000 after acquiring an additional 3,876,731 shares in the last quarter. Horizon Bancorp Inc. IN raised its holdings in shares of Chevron by 18.4% in the third quarter. Horizon Bancorp Inc. IN now owns 1,454 shares of the oil and gas company’s stock valued at $214,000 after acquiring an additional 226 shares in the last quarter. Sageworth Trust Co purchased a new stake in Chevron in the third quarter worth about $600,000. Finally, Arkadios Wealth Advisors grew its holdings in Chevron by 12.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 78,969 shares of the oil and gas company’s stock worth $11,630,000 after acquiring an additional 8,974 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 0.2 %

NYSE CVX opened at $150.81 on Friday. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The company has a fifty day simple moving average of $146.59 and a two-hundred day simple moving average of $153.30. 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 stock has a market cap of $277.94 billion, a P/E ratio of 13.87, a P/E/G ratio of 3.30 and a beta of 1.09.

Chevron (NYSE:CVX) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). The firm had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. Chevron’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.08 earnings per share. On average, analysts forecast that Chevron Co. will post 10.86 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. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.32%. Chevron’s dividend payout ratio is currently 59.98%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays reduced their price target 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. Scotiabank lowered their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Truist Financial dropped their target price on Chevron from $154.00 to $150.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Bank of America started coverage on Chevron in a research report on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target for the company. Finally, Mizuho dropped their price objective on Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.07.

Chevron 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.