RTD Financial Advisors Inc. Has $360,000 Holdings in Chevron Co. (NYSE:CVX)

RTD Financial Advisors Inc. decreased its position in Chevron Co. (NYSE:CVX) by 22.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,447 shares of the oil and gas company’s stock after selling 713 shares during the period. RTD Financial Advisors Inc.’s holdings in Chevron were worth $360,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CVX. China Universal Asset Management Co. Ltd. purchased a new position in Chevron during the 1st quarter valued at about $566,000. Stack Financial Management Inc increased its stake in shares of Chevron by 31.2% in 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 raised its holdings in shares of 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 in the last quarter. Daiwa Securities Group Inc. boosted its position 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 valued at $39,283,000 after purchasing an additional 12,126 shares during the last quarter. Finally, Wright Investors Service Inc. increased its position in Chevron by 0.5% in the 1st quarter. Wright Investors Service Inc. now owns 22,695 shares of the oil and gas company’s stock worth $3,580,000 after purchasing an additional 117 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays increased their price objective on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company decreased their price objective on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $183.00 to $167.00 in a research note on Wednesday, July 17th. UBS Group boosted their target price on Chevron from $192.00 to $194.00 and gave the stock a “buy” rating in a report on Monday. Finally, DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Tuesday. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average target price of $174.93.

Chevron Price Performance

NYSE:CVX traded up $3.35 during mid-day trading on Wednesday, hitting $156.76. The company’s stock had a trading volume of 1,217,418 shares, compared to its average volume of 7,618,513. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $286.70 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 3.43 and a beta of 1.09. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The stock has a fifty day moving average of $147.20 and a 200-day moving average of $152.86.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.07%. The firm had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same period last year, the firm posted $3.05 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Chevron Co. will post 10.65 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, November 18th. Chevron’s dividend payout ratio is currently 71.65%.

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.