Chevron Co. (NYSE:CVX) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management lowered its stake in Chevron Co. (NYSE:CVX) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,078 shares of the oil and gas company’s stock after selling 377 shares during the period. Eads & Heald Wealth Management’s holdings in Chevron were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Winslow Evans & Crocker Inc. raised its position in shares of Chevron by 2.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 29,423 shares of the oil and gas company’s stock worth $2,625,000 after acquiring an additional 653 shares in the last quarter. Wallington Asset Management LLC raised its position in shares of Chevron by 329.2% during the 1st quarter. Wallington Asset Management LLC now owns 9,000 shares of the oil and gas company’s stock worth $6,521,000 after acquiring an additional 6,903 shares in the last quarter. Midwest Professional Planners LTD. raised its position in shares of Chevron by 8.2% during the 1st quarter. Midwest Professional Planners LTD. now owns 3,221 shares of the oil and gas company’s stock worth $233,000 after acquiring an additional 244 shares in the last quarter. Personal Capital Advisors Corp raised its position in shares of Chevron by 8.8% during the 1st quarter. Personal Capital Advisors Corp now owns 470,075 shares of the oil and gas company’s stock worth $28,962,000 after acquiring an additional 38,106 shares in the last quarter. Finally, Hanson & Doremus Investment Management raised its position in shares of Chevron by 4.3% during the 1st quarter. Hanson & Doremus Investment Management now owns 7,048 shares of the oil and gas company’s stock worth $511,000 after acquiring an additional 293 shares in the last quarter. 64.60% of the stock is currently owned by institutional investors.

CVX has been the topic of a number of research reports. Credit Suisse Group raised their price target on Chevron from $81.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. downgraded Chevron from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 9th. Royal Bank of Canada downgraded Chevron from a “sector perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a research note on Wednesday, June 10th. Craig Hallum raised their price target on Chevron from $81.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, UBS Group downgraded Chevron from a “buy” rating to a “neutral” rating and set a $95.00 price target on the stock. in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $111.25.

Chevron stock opened at $83.94 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.01 and a quick ratio of 0.78. Chevron Co. has a 1-year low of $51.60 and a 1-year high of $125.27. The company has a market cap of $156.71 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 21.46 and a beta of 1.29. The stock’s 50 day moving average price is $88.84 and its 200 day moving average price is $92.49.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($1.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($0.66). The firm had revenue of $13.95 billion for the quarter, compared to analyst estimates of $21.71 billion. Chevron had a return on equity of 8.28% and a net margin of 2.71%. The business’s revenue for the quarter was down 64.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 earnings per share. On average, equities research analysts anticipate that Chevron Co. will post 0.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a dividend of $1.29 per share. The ex-dividend date is Tuesday, August 18th. This represents a $5.16 annualized dividend and a yield of 6.15%. Chevron’s dividend payout ratio is presently 82.30%.

About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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