Teamwork Financial Advisors LLC Sells 510 Shares of Chevron Co. (NYSE:CVX)

Teamwork Financial Advisors LLC lessened its position in shares of Chevron Co. (NYSE:CVX) by 13.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,264 shares of the oil and gas company’s stock after selling 510 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Chevron were worth $481,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. LifeSteps Financial Inc. increased its position in shares of Chevron by 3.9% during the 3rd quarter. LifeSteps Financial Inc. now owns 5,329 shares of the oil and gas company’s stock valued at $785,000 after purchasing an additional 202 shares during the last quarter. Inlet Private Wealth LLC boosted its stake in shares of Chevron by 10.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 15,148 shares of the oil and gas company’s stock worth $2,231,000 after acquiring an additional 1,400 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Chevron by 0.7% during the 3rd quarter. Global Retirement Partners LLC now owns 56,630 shares of the oil and gas company’s stock valued at $8,340,000 after acquiring an additional 405 shares during the period. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Chevron by 10.6% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 12,763 shares of the oil and gas company’s stock worth $1,879,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Good Life Advisors LLC raised its holdings in Chevron by 126.1% in the 3rd quarter. Good Life Advisors LLC now owns 31,798 shares of the oil and gas company’s stock worth $4,682,000 after purchasing an additional 17,732 shares during the period. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CVX. Truist Financial cut their price target on Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a report on Monday, September 30th. Wells Fargo & Company dropped their price target on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. Mizuho decreased their price objective on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Scotiabank dropped their target price on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Sanford C. Bernstein cut Chevron from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $183.00 to $167.00 in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $173.07.

Chevron Stock Up 1.7 %

NYSE CVX opened at $151.19 on Friday. The stock has a 50 day moving average price of $145.96 and a 200-day moving average price of $153.76. Chevron Co. has a one year low of $135.37 and a one year high of $170.17. The company has a market capitalization of $276.51 billion, a P/E ratio of 14.97, a P/E/G ratio of 2.74 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The business had revenue of $51.18 billion during 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 business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.08 earnings per share. As a group, equities analysts predict that Chevron Co. will post 11.06 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.31%. Chevron’s dividend payout ratio (DPR) is presently 64.55%.

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.