Chevron Co. (NYSE:CVX) is LGT Financial Advisors LLC’s 7th Largest Position

LGT Financial Advisors LLC lowered its stake in shares of Chevron Co. (NYSE:CVX) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,951 shares of the oil and gas company’s stock after selling 191 shares during the quarter. Chevron accounts for 2.2% of LGT Financial Advisors LLC’s holdings, making the stock its 7th biggest holding. LGT Financial Advisors LLC’s holdings in Chevron were worth $876,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CVX. Rational Advisors LLC purchased a new stake in shares of Chevron in the third quarter worth approximately $29,000. Anfield Capital Management LLC increased 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 worth $34,000 after purchasing an additional 118 shares during the period. Cyrus J. Lawrence LLC lifted its position in shares of Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Chevron during the third quarter valued at $47,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Chevron during the third quarter valued at $47,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Up 2.8 %

Shares of NYSE:CVX opened at $157.65 on Thursday. The business’s 50-day moving average is $147.43 and its 200 day moving average is $152.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The firm has a market capitalization of $288.33 billion, a P/E ratio of 17.32, a P/E/G ratio of 3.43 and a beta of 1.09.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.07%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.05 earnings per share. On average, research analysts predict that Chevron Co. will post 10.65 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.14%. Chevron’s payout ratio is currently 71.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wolfe Research began coverage on shares of Chevron in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank decreased their price target on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Sanford C. Bernstein cut Chevron from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $183.00 to $167.00 in a research note on Wednesday, July 17th. Barclays raised their price objective on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday. Finally, UBS Group upped their target price on Chevron from $192.00 to $194.00 and gave the stock a “buy” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.93.

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.