Fermata Advisors LLC Has $1.16 Million Holdings in Chevron Co. (NYSE:CVX)

by · The Cerbat Gem

Fermata Advisors LLC boosted its holdings in shares of Chevron Co. (NYSE:CVX – Free Report) by 13.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,868 shares of the oil and gas company’s stock after buying an additional 960 shares during the quarter. Fermata Advisors LLC’s holdings in Chevron were worth $1,159,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CVX. American Capital Advisory LLC lifted its position in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 125 shares during the last quarter. Anfield Capital Management LLC boosted its stake in Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 118 shares during the period. Cyrus J. Lawrence LLC grew its holdings in Chevron by 66.7% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Cooksen Wealth LLC bought a new position in Chevron in the 4th quarter worth approximately $40,000. Finally, Vima LLC acquired a new position in shares of Chevron during the fourth quarter worth approximately $44,000. 72.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CVX. Wells Fargo & Company reduced their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $170.00 price objective on shares of Chevron in a research report on Tuesday. Barclays lowered their price objective on Chevron from $185.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Scotiabank reduced their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday. Finally, Sanford C. Bernstein lowered shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $183.00 to $167.00 in a report on Wednesday, July 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $177.59.

Read Our Latest Analysis on CVX

Chevron Trading Up 0.7 %

Shares of CVX traded up $1.03 during trading hours on Friday, reaching $151.65. The stock had a trading volume of 1,900,809 shares, compared to its average volume of 7,748,896. The company has a market cap of $277.36 billion, a P/E ratio of 15.03, a P/E/G ratio of 2.70 and a beta of 1.09. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $170.17. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $145.41 and a 200 day moving average of $153.99.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data 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 net margin of 9.31% and a return on equity of 13.70%. The business had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. During the same quarter in the prior year, the firm posted $3.08 earnings per share. Chevron’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Chevron Co. will post 11.09 earnings per share for the current fiscal year.

Chevron Dividend Announcement

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

About Chevron

(Free Report)

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.

Read More