Chevron Co. (NYSE:CVX) Shares Sold by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. trimmed its position in Chevron Co. (NYSE:CVX) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,343 shares of the oil and gas company’s stock after selling 100 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in Chevron were worth $1,081,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Lantz Financial LLC lifted its stake in shares of Chevron by 4.0% in the first quarter. Lantz Financial LLC now owns 22,711 shares of the oil and gas company’s stock worth $3,582,000 after buying an additional 866 shares in the last quarter. KMG Fiduciary Partners LLC grew its holdings in Chevron by 4.0% in the 1st quarter. KMG Fiduciary Partners LLC now owns 79,913 shares of the oil and gas company’s stock valued at $12,605,000 after buying an additional 3,101 shares in the last quarter. American National Bank increased its stake in shares of Chevron by 21.8% in the 1st quarter. American National Bank now owns 75,037 shares of the oil and gas company’s stock worth $11,836,000 after acquiring an additional 13,451 shares during the last quarter. BCS Wealth Management raised its holdings in shares of Chevron by 4.1% during the 1st quarter. BCS Wealth Management now owns 5,350 shares of the oil and gas company’s stock worth $844,000 after acquiring an additional 209 shares during the period. Finally, Selway Asset Management grew its holdings in shares of Chevron by 3.4% in the first quarter. Selway Asset Management now owns 24,860 shares of the oil and gas company’s stock valued at $3,921,000 after purchasing an additional 815 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Stock Down 0.3 %

Shares of NYSE CVX opened at $150.74 on Friday. The business has a 50-day moving average of $146.07 and a two-hundred day moving average of $153.71. The company has a market capitalization of $277.81 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $170.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85.

Chevron (NYSE:CVX) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.38). The business had revenue of $51.18 billion for the quarter, compared to analysts’ expectations of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. Chevron’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.08 EPS. On average, analysts forecast that Chevron Co. will post 11.06 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid 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 4.33%. Chevron’s dividend payout ratio is currently 59.98%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank reduced their price target on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein downgraded 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 research report on Wednesday, July 17th. Wolfe Research assumed coverage on shares of Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Truist Financial dropped their price target on shares of Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Mizuho decreased their price objective on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.07.

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.