TRH Financial LLC boosted its stake in shares of Chevron Co. (NYSE:CVX) by 28.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,686 shares of the oil and gas company’s stock after buying an additional 4,792 shares during the period. TRH Financial LLC’s holdings in Chevron were worth $1,561,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Selective Wealth Management Inc. acquired a new stake in Chevron during the 2nd quarter worth about $25,000. Demars Financial Group LLC acquired a new stake in Chevron during the 2nd quarter worth about $32,000. Marshall & Sullivan Inc. WA acquired a new stake in Chevron during the 2nd quarter worth about $36,000. Asset Advisors Investment Management LLC acquired a new position in shares of Chevron in the 2nd quarter valued at about $36,000. Finally, Watson Rebecca acquired a new position in shares of Chevron in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 64.01% of the company’s stock.
A number of equities analysts have recently weighed in on CVX shares. Truist downgraded Chevron to a “buy” rating and dropped their target price for the company from $113.00 to $112.00 in a report on Friday, October 9th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “strong-buy” rating and set a $105.00 target price on the stock in a report on Wednesday, July 22nd. HSBC dropped their target price on Chevron from $93.00 to $86.00 and set a “hold” rating on the stock in a report on Wednesday. SunTrust Banks started coverage on Chevron in a report on Thursday, July 23rd. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Truist Securiti dropped their price objective on Chevron from $113.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, October 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $107.27.
In related news, insider David A. Inchausti sold 5,750 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $92.00, for a total value of $529,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.
Shares of CVX stock opened at $72.89 on Friday. The stock has a market cap of $136.11 billion, a P/E ratio of -15.64, a price-to-earnings-growth ratio of 2,483.67 and a beta of 1.26. Chevron Co. has a one year low of $51.60 and a one year high of $122.94. The stock has a fifty day moving average price of $76.82 and a 200 day moving average price of $85.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.14 and a quick ratio of 0.87.
Chevron (NYSE:CVX) last issued its earnings results on Friday, July 31st. The oil and gas company reported ($1.59) EPS for the quarter, missing the consensus estimate of ($0.93) by ($0.66). The firm had revenue of $13.95 billion during the quarter, compared to the consensus estimate of $21.71 billion. Chevron had a positive return on equity of 3.61% and a negative net margin of 7.41%. The firm’s revenue for the quarter was down 64.1% compared to the same quarter last year. During the same period last year, the business earned $1.77 earnings per share. Equities research analysts anticipate that Chevron Co. will post 0.01 EPS for the current year.
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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