Baron Wealth Management LLC Purchases 85 Shares of Chevron Co. (NYSE:CVX)

by · The Cerbat Gem

Baron Wealth Management LLC boosted its position in Chevron Co. (NYSE:CVX – Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,007 shares of the oil and gas company’s stock after buying an additional 85 shares during the quarter. Chevron makes up approximately 0.8% of Baron Wealth Management LLC’s portfolio, making the stock its 17th biggest position. Baron Wealth Management LLC’s holdings in Chevron were worth $1,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. V Wealth Advisors LLC boosted its holdings in Chevron by 0.9% in the second quarter. V Wealth Advisors LLC now owns 7,007 shares of the oil and gas company’s stock valued at $1,102,000 after purchasing an additional 62 shares during the last quarter. Addison Capital Co boosted its stake in shares of Chevron by 1.9% in the second quarter. Addison Capital Co now owns 3,339 shares of the oil and gas company’s stock worth $525,000 after buying an additional 63 shares during the last quarter. NCM Capital Management LLC grew its holdings in Chevron by 1.2% during the first quarter. NCM Capital Management LLC now owns 5,570 shares of the oil and gas company’s stock worth $909,000 after acquiring an additional 65 shares during the period. Strong Tower Advisory Services raised its position in Chevron by 0.9% during the second quarter. Strong Tower Advisory Services now owns 7,569 shares of the oil and gas company’s stock valued at $1,191,000 after acquiring an additional 65 shares in the last quarter. Finally, Sweet Financial Partners LLC lifted its holdings in Chevron by 0.7% in the third quarter. Sweet Financial Partners LLC now owns 8,761 shares of the oil and gas company’s stock valued at $1,477,000 after acquiring an additional 65 shares during the period. 68.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CVX shares. StockNews.com began coverage on shares of Chevron in a research note on Thursday, October 5th. They set a “hold” rating on the stock. UBS Group cut their price objective on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Jefferies Financial Group upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research report on Monday, January 8th. Mizuho dropped their target price on Chevron from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Finally, Raymond James reduced their price target on Chevron from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 30th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $183.28.

Read Our Latest Stock Report on CVX

Chevron Stock Performance

Shares of NYSE:CVX opened at $142.19 on Friday. The business’s 50 day moving average price is $146.46 and its 200-day moving average price is $155.32. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $187.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.97. The firm has a market capitalization of $268.42 billion, a PE ratio of 10.56, a P/E/G ratio of 0.71 and a beta of 1.12.

Chevron (NYSE:CVX – Get Free Report) last announced its earnings results on Friday, October 27th. The oil and gas company reported $3.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.65). The business had revenue of $54.08 billion for the quarter, compared to analyst estimates of $51.41 billion. Chevron had a return on equity of 16.15% and a net margin of 12.11%. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period last year, the firm earned $5.56 EPS. As a group, equities research analysts expect that Chevron Co. will post 12.99 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were paid a dividend of $1.51 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $6.04 annualized dividend and a yield of 4.25%. Chevron’s dividend payout ratio is presently 44.84%.

Chevron Profile

(Free Report)

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

Further Reading

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