LVW Advisors LLC Has $1.32 Million Position in Chevron Co. (NYSE:CVX)

LVW Advisors LLC reduced its stake in shares of Chevron Co. (NYSE:CVX) by 18.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,983 shares of the oil and gas company’s stock after selling 2,093 shares during the quarter. LVW Advisors LLC’s holdings in Chevron were worth $1,323,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. American Capital Advisory LLC boosted its holdings in shares of Chevron by 403.2% during the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 125 shares during the period. Anfield Capital Management LLC raised its position in Chevron by 118.0% during the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 118 shares in the last quarter. Cyrus J. Lawrence LLC raised its position in Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. Cooksen Wealth LLC bought a new position in Chevron during the fourth quarter valued at approximately $40,000. Finally, Vima LLC bought a new position in Chevron during the fourth quarter valued at approximately $44,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVX has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, September 27th. Scotiabank cut their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Barclays cut their price objective on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Truist Financial dropped their price target on shares of Chevron from $154.00 to $150.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Sanford C. Bernstein lowered shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $183.00 to $167.00 in a research report on Wednesday, July 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.59.

Chevron Price Performance

Shares of NYSE CVX traded up $1.01 during mid-day trading on Friday, hitting $151.63. 1,262,447 shares of the stock were exchanged, compared to its average volume of 7,746,035. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $170.17. The stock’s fifty day simple moving average is $145.41 and its two-hundred day simple moving average is $153.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The company has a market cap of $277.32 billion, a P/E ratio of 15.03, a PEG ratio of 2.70 and a beta of 1.09.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. During the same quarter last year, the company earned $3.08 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, analysts forecast that Chevron Co. will post 11.09 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.30%. Chevron’s payout ratio is currently 64.55%.

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.