Global Assets Advisory LLC Has $955,000 Stock Position in Chevron Co. (NYSE:CVX)

Global Assets Advisory LLC lessened its holdings in Chevron Co. (NYSE:CVX) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,510 shares of the oil and gas company’s stock after selling 697 shares during the quarter. Global Assets Advisory LLC’s holdings in Chevron were worth $955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Life Planning Partners Inc bought a new position in Chevron in the fourth quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Chevron during the 4th quarter valued at approximately $29,000. Fairway Wealth LLC increased its position in Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 88 shares in the last quarter. Finally, Navigoe LLC bought a new position in Chevron in the 4th quarter valued at approximately $33,000. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of several research analyst reports. DZ Bank downgraded shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. Wells Fargo & Company cut their price target on Chevron from $173.00 to $164.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. UBS Group lowered their price objective on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Finally, Redburn Atlantic reiterated a “sell” rating and set a $124.00 target price (down from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Chevron currently has a consensus rating of “Hold” and a consensus price target of $161.25.

Chevron Stock Performance

CVX stock opened at $138.52 on Friday. The firm has a market cap of $243.88 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $147.91 and a 200-day moving average price of $152.05. Chevron Co. has a 1-year low of $132.04 and a 1-year high of $168.96.

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

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Monday, May 19th. Chevron’s payout ratio is 78.17%.

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.