Leslie Global Wealth LLC Sells 201 Shares of Chevron Co. (NYSE:CVX)

Leslie Global Wealth LLC trimmed its position in Chevron Co. (NYSE:CVX) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,673 shares of the oil and gas company’s stock after selling 201 shares during the quarter. Leslie Global Wealth LLC’s holdings in Chevron were worth $246,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CVX. China Universal Asset Management Co. Ltd. bought a new stake in Chevron during the first quarter worth approximately $566,000. Stack Financial Management Inc increased its stake in Chevron by 31.2% during the first quarter. Stack Financial Management Inc now owns 283,936 shares of the oil and gas company’s stock worth $44,788,000 after acquiring an additional 67,550 shares during the last quarter. Graypoint LLC increased its stake in Chevron by 11.0% during the first quarter. Graypoint LLC now owns 29,007 shares of the oil and gas company’s stock worth $4,576,000 after acquiring an additional 2,880 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Chevron by 5.1% during the first quarter. Daiwa Securities Group Inc. now owns 249,039 shares of the oil and gas company’s stock worth $39,283,000 after acquiring an additional 12,126 shares during the last quarter. Finally, Wright Investors Service Inc. grew its stake in shares of Chevron by 0.5% during the first quarter. Wright Investors Service Inc. now owns 22,695 shares of the oil and gas company’s stock valued at $3,580,000 after buying an additional 117 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Stock Down 0.4 %

Chevron stock opened at $153.42 on Wednesday. The business has a fifty day moving average of $147.20 and a two-hundred day moving average of $152.86. 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 firm has a market cap of $280.59 billion, a P/E ratio of 16.86, a P/E/G ratio of 3.43 and a beta of 1.09. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11.

Chevron (NYSE:CVX) last posted its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.07% and a net margin of 8.44%. Chevron’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.05 earnings per share. On average, analysts forecast that Chevron Co. will post 10.65 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.25%. Chevron’s dividend payout ratio is presently 71.65%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CVX shares. UBS Group upped their target price on Chevron from $192.00 to $194.00 and gave the company a “buy” rating in a research note on Monday. Bank of America started coverage on Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 target price on the stock. Truist Financial upped their target price on Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research note on Monday. Royal Bank of Canada upped their target price on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday. Finally, DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.