Frazier Financial Advisors LLC Sells 272 Shares of Chevron Co. (NYSE:CVX)

Frazier Financial Advisors LLC decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 25.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 781 shares of the oil and gas company’s stock after selling 272 shares during the period. Frazier Financial Advisors LLC’s holdings in Chevron were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. China Universal Asset Management Co. Ltd. bought a new position in Chevron in the 1st quarter worth $566,000. Empowered Funds LLC boosted its holdings in Chevron by 5.4% in the 1st quarter. Empowered Funds LLC now owns 429,000 shares of the oil and gas company’s stock worth $67,670,000 after buying an additional 22,047 shares during the period. Davis R M Inc. boosted its holdings in Chevron by 15.9% in the 1st quarter. Davis R M Inc. now owns 28,634 shares of the oil and gas company’s stock worth $4,517,000 after buying an additional 3,936 shares during the period. Signature Estate & Investment Advisors LLC boosted its holdings in Chevron by 16.4% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 334,778 shares of the oil and gas company’s stock worth $52,808,000 after buying an additional 47,089 shares during the period. Finally, Secured Retirement Advisors LLC boosted its holdings in Chevron by 23.8% in the 1st quarter. Secured Retirement Advisors LLC now owns 11,391 shares of the oil and gas company’s stock worth $1,797,000 after buying an additional 2,193 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of CVX stock opened at $161.42 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 company has a market capitalization of $290.09 billion, a P/E ratio of 17.74, a P/E/G ratio of 3.63 and a beta of 1.09. The company’s 50-day simple moving average is $149.39 and its two-hundred day simple moving average is $152.62. Chevron Co. has a one year low of $135.37 and a one year high of $167.11.

Chevron (NYSE:CVX) last issued its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The business 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 13.15%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.05 EPS. As a group, equities analysts anticipate that Chevron Co. will post 10.55 EPS for the current year.

Chevron Announces Dividend

The firm 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 of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.04%. Chevron’s dividend payout ratio is presently 71.65%.

Analysts Set New Price Targets

CVX has been the subject of several recent analyst reports. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Tuesday, November 5th. Truist Financial increased their price objective on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a report on Monday, November 4th. Scotiabank dropped their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Mizuho dropped their price objective on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, Barclays increased their price objective on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.