Schulhoff & Co. Inc. Sells 803 Shares of Chevron Co. (NYSE:CVX)

Schulhoff & Co. Inc. cut its position in Chevron Co. (NYSE:CVXFree Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,516 shares of the oil and gas company’s stock after selling 803 shares during the quarter. Chevron makes up 2.6% of Schulhoff & Co. Inc.’s investment portfolio, making the stock its 8th biggest holding. Schulhoff & Co. Inc.’s holdings in Chevron were worth $5,712,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC increased its holdings in shares of Chevron by 0.5% in the 1st quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company’s stock valued at $5,435,000 after acquiring an additional 163 shares during the period. Lane & Associates LLC purchased a new position in Chevron during the 1st quarter worth $345,000. Seven Mile Advisory increased its stake in Chevron by 9.8% in the fourth quarter. Seven Mile Advisory now owns 2,766 shares of the oil and gas company’s stock valued at $413,000 after purchasing an additional 247 shares during the period. KCM Investment Advisors LLC raised its holdings in shares of Chevron by 2.5% in the first quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock valued at $52,299,000 after buying an additional 8,168 shares during the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Chevron during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CVX shares. Truist Financial dropped their price target on Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Wolfe Research initiated coverage on Chevron in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. 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 report on Wednesday, July 17th. Scotiabank cut their price objective on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Finally, Barclays lowered their target price on shares of Chevron from $203.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $183.82.

Read Our Latest Analysis on CVX

Chevron Stock Up 1.0 %

CVX stock opened at $140.61 on Friday. 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 Co. has a 12 month low of $135.37 and a 12 month high of $171.70. The firm has a market capitalization of $257.16 billion, a PE ratio of 12.94, a P/E/G ratio of 2.37 and a beta of 1.09. The company’s 50 day simple moving average is $149.12 and its 200-day simple moving average is $154.73.

Chevron (NYSE:CVXGet Free Report) last released its quarterly 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). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company had revenue of $51.18 billion for the quarter, compared to analysts’ expectations of $48.68 billion. During the same period in the previous year, the business posted $3.08 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Chevron Co. will post 11.63 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.64%. The ex-dividend date was Monday, August 19th. Chevron’s payout ratio is 59.98%.

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; 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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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