Nvwm LLC Sells 140 Shares of Chevron Co. (NYSE:CVX)

Nvwm LLC decreased its position in Chevron Co. (NYSE:CVX) by 31.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304 shares of the oil and gas company’s stock after selling 140 shares during the quarter. Nvwm LLC’s holdings in Chevron were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CVX. China Universal Asset Management Co. Ltd. acquired a new stake in Chevron during the first quarter worth $566,000. Centric Wealth Management increased its stake in Chevron by 29.6% in the first quarter. Centric Wealth Management now owns 7,145 shares of the oil and gas company’s stock valued at $1,152,000 after acquiring an additional 1,631 shares during the period. Ballast Advisors LLC raised its position in Chevron by 8.9% in the first quarter. Ballast Advisors LLC now owns 6,946 shares of the oil and gas company’s stock worth $1,096,000 after purchasing an additional 565 shares in the last quarter. TKG Advisors LLC lifted its stake in Chevron by 11.4% during the first quarter. TKG Advisors LLC now owns 15,787 shares of the oil and gas company’s stock worth $2,490,000 after purchasing an additional 1,615 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Chevron by 6.5% during the first quarter. Janney Montgomery Scott LLC now owns 1,172,511 shares of the oil and gas company’s stock valued at $184,952,000 after purchasing an additional 71,279 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

NYSE CVX opened at $153.07 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The stock has a fifty day simple moving average of $146.96 and a 200 day simple moving average of $152.93. The company has a market capitalization of $279.95 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 3.29 and a beta of 1.09.

Chevron (NYSE:CVX) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (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 firm had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter in the prior year, the business earned $3.08 earnings per share. Chevron’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts expect that Chevron Co. will post 10.74 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. 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. Scotiabank dropped their price target on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group boosted their price objective on Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Bank of America initiated coverage on Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 target price for the company. Finally, Mizuho reduced their price target 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. Five 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.07.

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.