NorthRock Partners LLC Sells 1,787 Shares of Chevron Co. (NYSE:CVX)

NorthRock Partners LLC lowered its position in Chevron Co. (NYSE:CVX) by 12.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,862 shares of the oil and gas company’s stock after selling 1,787 shares during the quarter. NorthRock Partners LLC’s holdings in Chevron were worth $1,894,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rational Advisors LLC acquired a new position in shares of Chevron in the 3rd quarter valued at $29,000. Anfield Capital Management LLC lifted its stake in Chevron by 118.0% during the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 118 shares during the period. Cyrus J. Lawrence LLC boosted its holdings in Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Chevron in the 3rd quarter worth approximately $47,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Chevron during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 0.2 %

Shares of NYSE:CVX traded up $0.27 during mid-day trading on Tuesday, hitting $154.24. The company had a trading volume of 724,876 shares, compared to its average volume of 7,623,874. The company has a market capitalization of $282.09 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 3.39 and a beta of 1.09. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The firm has a fifty day moving average price of $147.07 and a 200 day moving average price of $152.91. 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 released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.07%. The company had revenue of $50.67 billion for the quarter, compared to analysts’ expectations of $48.86 billion. During the same quarter in the prior year, the firm earned $3.05 EPS. The business’s revenue was down 6.3% on a year-over-year basis. As a group, research analysts forecast that Chevron Co. will post 10.7 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of research analyst reports. DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday. Sanford C. Bernstein cut Chevron from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. Truist Financial lifted their price objective on Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a report on Monday. Barclays upped their price target on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday. Finally, Royal Bank of Canada boosted their price objective on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $174.93.

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.