Chevron Co. (NYSE:CVX) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV lessened its stake in shares of Chevron Co. (NYSE:CVX) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,223 shares of the oil and gas company’s stock after selling 481 shares during the period. Chevron accounts for approximately 1.4% of Rowlandmiller & PARTNERS.ADV’s investment portfolio, making the stock its 20th biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Chevron were worth $6,807,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GoalVest Advisory LLC raised its holdings in Chevron by 23.6% in the 1st quarter. GoalVest Advisory LLC now owns 7,331 shares of the oil and gas company’s stock valued at $1,156,000 after acquiring an additional 1,402 shares during the last quarter. Aletheian Wealth Advisors LLC grew its stake in shares of Chevron by 9.6% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 4,976 shares of the oil and gas company’s stock valued at $785,000 after buying an additional 434 shares during the period. G&S Capital LLC grew its stake in shares of Chevron by 37.3% in the 1st quarter. G&S Capital LLC now owns 29,162 shares of the oil and gas company’s stock valued at $4,600,000 after buying an additional 7,929 shares during the period. Cascade Wealth Advisors Inc purchased a new stake in shares of Chevron in the 1st quarter valued at approximately $242,000. Finally, St. Johns Investment Management Company LLC grew its stake in shares of Chevron by 17.9% in the 1st quarter. St. Johns Investment Management Company LLC now owns 8,836 shares of the oil and gas company’s stock valued at $1,394,000 after buying an additional 1,342 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $150.46 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. The firm has a market capitalization of $275.18 billion, a P/E ratio of 14.90, a P/E/G ratio of 3.30 and a beta of 1.09. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The company’s fifty day moving average price is $146.44 and its 200 day moving average price is $153.45.

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). The business had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.08 earnings per share. As a group, sell-side analysts predict that Chevron Co. will post 10.86 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.33%. Chevron’s dividend payout ratio is presently 64.55%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Sanford C. Bernstein cut shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Wolfe Research assumed coverage on shares of Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Bank of America assumed coverage on shares of Chevron in a research report on Thursday, October 17th. They set a “buy” rating and a $168.00 price objective for the company. Finally, UBS Group increased their price objective on shares of Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $173.07.

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.