Winch Advisory Services LLC Has $823,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Winch Advisory Services LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 6.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,588 shares of the oil and gas company’s stock after purchasing an additional 337 shares during the quarter. Winch Advisory Services LLC’s holdings in Chevron were worth $823,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Anfield Capital Management LLC raised 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 buying an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC raised its holdings in shares of Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Krane Funds Advisors LLC bought a new position in shares of Chevron in the third quarter valued at about $47,000. Livelsberger Financial Advisory bought a new position in shares of Chevron in the third quarter valued at about $47,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Chevron in the first quarter valued at about $55,000. 72.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CVX. Scotiabank cut their price target 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 price objective on Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a report on Monday, September 30th. Sanford C. Bernstein cut Chevron from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Mizuho dropped their price objective on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, UBS Group boosted their price objective on Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.07.

Chevron Trading Up 0.1 %

NYSE:CVX opened at $150.84 on Tuesday. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $146.19 and a two-hundred day moving average price of $153.55. The company has a market cap of $275.87 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 2.73 and a beta of 1.09.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter last year, the company posted $3.08 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, analysts expect that Chevron Co. will post 10.95 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Monday, August 19th. Chevron’s dividend payout ratio is 64.55%.

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.