Chevron Co. (NYSE:CVX) Shares Sold by Realta Investment Advisors

Realta Investment Advisors reduced its holdings in Chevron Co. (NYSE:CVX) by 43.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,772 shares of the oil and gas company’s stock after selling 7,607 shares during the quarter. Realta Investment Advisors’ holdings in Chevron were worth $1,483,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CVX. First Interstate Bank raised its stake in shares of Chevron by 8.8% in the 3rd quarter. First Interstate Bank now owns 7,214 shares of the oil and gas company’s stock worth $1,062,000 after buying an additional 585 shares in the last quarter. Invesco LLC raised its stake in Chevron by 1.5% during the 3rd quarter. Invesco LLC now owns 11,658 shares of the oil and gas company’s stock valued at $1,717,000 after purchasing an additional 169 shares during the period. Fullcircle Wealth LLC lifted its stake in Chevron by 14.1% in the 3rd quarter. Fullcircle Wealth LLC now owns 10,841 shares of the oil and gas company’s stock worth $1,632,000 after acquiring an additional 1,340 shares in the last quarter. Tower Wealth Partners Inc. lifted its position in shares of Chevron by 3.7% in the third quarter. Tower Wealth Partners Inc. now owns 3,052 shares of the oil and gas company’s stock worth $449,000 after purchasing an additional 109 shares in the last quarter. Finally, Phillips Wealth Planners LLC boosted its stake in shares of Chevron by 13.6% during the 3rd quarter. Phillips Wealth Planners LLC now owns 7,946 shares of the oil and gas company’s stock valued at $1,182,000 after buying an additional 950 shares during the period. 72.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Truist Financial cut their price target on shares of Chevron from $154.00 to $150.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Wolfe Research started coverage on shares of Chevron in a research note 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. Mizuho dropped their target price on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, Barclays dropped their price objective on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.07.

Chevron Stock Up 2.9 %

NYSE CVX traded up $4.25 on Friday, hitting $153.07. 11,727,977 shares of the company were exchanged, compared to its average volume of 5,864,947. The company has a market cap of $279.95 billion, a PE ratio of 15.16, a PEG ratio of 3.29 and a beta of 1.09. The stock has a fifty day moving average of $146.96 and a 200-day moving average of $152.98. 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 results 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). 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 analysts’ expectations of $48.68 billion. During the same quarter in the previous year, the business earned $3.08 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that Chevron Co. will post 10.74 earnings per share for the current year.

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.