Chevron Co. (NYSE:CVX) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors reduced its position in shares of Chevron Co. (NYSE:CVX) by 32.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,358 shares of the oil and gas company’s stock after selling 1,151 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Chevron were worth $347,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Valmark Advisers Inc. boosted its stake in shares of Chevron by 14.6% during the 3rd quarter. Valmark Advisers Inc. now owns 16,984 shares of the oil and gas company’s stock worth $2,501,000 after purchasing an additional 2,163 shares during the last quarter. Bay Rivers Group lifted its holdings in shares of Chevron by 15.6% during the 3rd quarter. Bay Rivers Group now owns 1,480 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 200 shares during the period. GW Henssler & Associates Ltd. lifted its holdings in shares of Chevron by 1.1% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 209,223 shares of the oil and gas company’s stock worth $30,812,000 after acquiring an additional 2,353 shares during the period. Tyche Wealth Partners LLC lifted its holdings in shares of Chevron by 0.3% during the 3rd quarter. Tyche Wealth Partners LLC now owns 33,791 shares of the oil and gas company’s stock worth $4,976,000 after acquiring an additional 99 shares during the period. Finally, MONECO Advisors LLC lifted its holdings in shares of Chevron by 2.2% during the 3rd quarter. MONECO Advisors LLC now owns 18,792 shares of the oil and gas company’s stock worth $2,767,000 after acquiring an additional 409 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Chevron in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Sanford C. Bernstein lowered shares of Chevron from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Scotiabank cut their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. UBS Group raised their price target on shares of Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Bank of America began coverage on shares of Chevron in a report on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target on the stock. Five investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $173.07.

Chevron Stock Down 1.3 %

CVX stock opened at $148.55 on Wednesday. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. 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 company has a market capitalization of $271.69 billion, a P/E ratio of 14.71, a PEG ratio of 3.29 and a beta of 1.09. The firm has a 50 day simple moving average of $146.74 and a 200-day simple moving average of $153.08.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The business had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.08 EPS. On average, equities research analysts predict that Chevron Co. will post 10.86 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 4.39%. The ex-dividend date of this dividend was Monday, August 19th. Chevron’s dividend payout ratio is presently 64.55%.

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.