JGP Wealth Management LLC Has $858,000 Stock Position in Chevron Co. (NYSE:CVX)

JGP Wealth Management LLC lessened its position in Chevron Co. (NYSE:CVX) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 5,824 shares of the oil and gas company’s stock after selling 109 shares during the quarter. JGP Wealth Management LLC’s holdings in Chevron were worth $858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Capital Advisory LLC increased its holdings in Chevron by 403.2% in the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 125 shares in the last quarter. Anfield Capital Management LLC boosted its position in Chevron by 118.0% in 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 last quarter. Cyrus J. Lawrence LLC boosted its position in Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Cooksen Wealth LLC purchased a new position in shares of Chevron during the 4th quarter valued at $40,000. Finally, Vima LLC purchased a new position in shares of Chevron during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 0.8 %

NYSE CVX traded up $1.15 during trading hours on Friday, hitting $151.77. 1,664,043 shares of the company were exchanged, compared to its average volume of 7,748,073. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $170.17. The stock has a 50-day moving average price of $145.41 and a 200 day moving average price of $153.99. The stock has a market cap of $277.58 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The company had revenue of $51.18 billion for the quarter, compared to analysts’ expectations of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.08 EPS. Analysts forecast that Chevron Co. will post 11.09 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Monday, August 19th. Chevron’s dividend payout ratio is presently 64.55%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho decreased their price objective on Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Scotiabank dropped their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday. Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $170.00 target price on shares of Chevron in a research report on Tuesday. Finally, Wolfe Research started coverage on Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $177.59.

Chevron Company 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.