Revisor Wealth Management LLC Lowers Stake in Chevron Co. (NYSE:CVX)

Revisor Wealth Management LLC lessened its holdings in Chevron Co. (NYSE:CVX) by 33.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,978 shares of the oil and gas company’s stock after selling 1,001 shares during the quarter. Revisor Wealth Management LLC’s holdings in Chevron were worth $289,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Capital & Planning LLC raised its position in Chevron by 15.2% during the fourth quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 222 shares during the period. Missouri Trust & Investment Co lifted its stake in Chevron by 4.1% in the 4th quarter. Missouri Trust & Investment Co now owns 19,859 shares of the oil and gas company’s stock valued at $2,876,000 after buying an additional 783 shares in the last quarter. West Branch Capital LLC boosted its holdings in Chevron by 18.5% in the 4th quarter. West Branch Capital LLC now owns 9,689 shares of the oil and gas company’s stock worth $1,403,000 after buying an additional 1,511 shares during the last quarter. Advisory Alpha LLC boosted its holdings in Chevron by 8.6% in the 4th quarter. Advisory Alpha LLC now owns 8,324 shares of the oil and gas company’s stock worth $1,206,000 after buying an additional 662 shares during the last quarter. Finally, Global Trust Asset Management LLC increased its stake in Chevron by 1.2% during the 4th quarter. Global Trust Asset Management LLC now owns 6,591 shares of the oil and gas company’s stock worth $955,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 1.0%

NYSE CVX opened at $136.66 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock has a market capitalization of $238.66 billion, a P/E ratio of 14.06, a PEG ratio of 1.46 and a beta of 0.83. The firm’s 50-day moving average is $144.66 and its two-hundred day moving average is $151.25. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. The business had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 EPS. On average, sell-side analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Monday, May 19th. Chevron’s dividend payout ratio (DPR) is 78.17%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Hsbc Global Res downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 13th. UBS Group reduced their target price on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, April 7th. HSBC cut Chevron from a “buy” rating to a “hold” rating and cut their price target for the company from $176.00 to $158.00 in a report on Tuesday, May 13th. BNP Paribas lowered Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Finally, Raymond James cut their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $160.24.

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.