Little House Capital LLC Sells 2,028 Shares of Chevron Co. (NYSE:CVX)

Little House Capital LLC trimmed its holdings in shares of Chevron Co. (NYSE:CVX) by 7.9% in the third quarter, HoldingsChannel reports. The firm owned 23,607 shares of the oil and gas company’s stock after selling 2,028 shares during the period. Chevron makes up 1.0% of Little House Capital LLC’s portfolio, making the stock its 28th biggest position. Little House Capital LLC’s holdings in Chevron were worth $3,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CVX. Eagle Capital Management LLC increased its position in shares of Chevron by 0.5% in the first 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 last quarter. Lane & Associates LLC acquired a new stake in shares of Chevron in the 1st quarter valued at about $345,000. KCM Investment Advisors LLC boosted its stake in Chevron by 2.5% during the 1st quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock valued at $52,299,000 after purchasing an additional 8,168 shares during the last quarter. Hosking Partners LLP bought a new stake in shares of Chevron in the 1st quarter worth approximately $4,924,000. Finally, Garner Asset Management Corp grew its position in shares of Chevron by 14.5% during the 2nd quarter. Garner Asset Management Corp now owns 19,997 shares of the oil and gas company’s stock valued at $3,128,000 after purchasing an additional 2,530 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CVX has been the subject of a number of research reports. Bank of America initiated coverage on shares of Chevron in a research note on Thursday. They issued a “buy” rating and a $168.00 price target for the company. Truist Financial dropped their price objective on shares of Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Wolfe Research initiated coverage on shares of Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company lowered their price target on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Finally, UBS Group increased their target price on shares of Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average target price of $173.07.

Chevron Trading Up 0.1 %

Shares of CVX traded up $0.20 during trading hours on Monday, hitting $150.95. 2,371,014 shares of the stock traded hands, compared to its average volume of 7,679,878. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The business has a fifty day moving average of $146.07 and a 200-day moving average of $153.62. The firm has a market capitalization of $278.20 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last posted 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). 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 the consensus estimate of $48.68 billion. During the same quarter last year, the business earned $3.08 EPS. Chevron’s revenue was up 4.7% on a year-over-year basis. Analysts expect that Chevron Co. will post 11.06 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Monday, August 19th. Chevron’s payout ratio is currently 59.98%.

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.