Cordatus Wealth Management LLC Increases Holdings in Chevron Co. (NYSE:CVX)

Cordatus Wealth Management LLC grew its holdings in Chevron Co. (NYSE:CVX) by 0.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,884 shares of the oil and gas company’s stock after acquiring an additional 90 shares during the quarter. Chevron comprises 1.0% of Cordatus Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. Cordatus Wealth Management LLC’s holdings in Chevron were worth $2,781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Anfield Capital Management LLC boosted its stake 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 valued at $34,000 after acquiring an additional 118 shares in the last quarter. Cyrus J. Lawrence LLC boosted its position in shares of Chevron by 66.7% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 100 shares during the period. Krane Funds Advisors LLC purchased a new position in Chevron during the 3rd quarter worth approximately $47,000. Livelsberger Financial Advisory acquired a new position in Chevron during the third quarter worth approximately $47,000. Finally, MFA Wealth Advisors LLC purchased a new stake in Chevron in the second quarter valued at approximately $59,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 0.5 %

Shares of Chevron stock opened at $148.80 on Friday. The company has a 50-day moving average of $146.85 and a two-hundred day moving average of $153.01. The stock has a market cap of $272.14 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 3.27 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 Co. has a 12-month low of $135.37 and a 12-month high of $167.11.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). The firm had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.08 earnings per share. On average, research analysts anticipate that Chevron Co. will post 10.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CVX shares. Mizuho lowered their target price 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. Sanford C. Bernstein lowered shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. 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. Royal Bank of Canada restated an “outperform” rating and issued a $170.00 price target on shares of Chevron in a research report on Tuesday, October 8th. Finally, Wolfe Research assumed coverage on Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average target price of $173.07.

About Chevron

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.