Diversified Trust Co Has $6.83 Million Stake in Chevron Corporation $CVX

Diversified Trust Co grew its holdings in Chevron Corporation (NYSE:CVX) by 30.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 44,006 shares of the oil and gas company’s stock after acquiring an additional 10,287 shares during the quarter. Diversified Trust Co’s holdings in Chevron were worth $6,834,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CVX. YANKCOM Partnership lifted its position in shares of Chevron by 4.1% during the 3rd quarter. YANKCOM Partnership now owns 5,854 shares of the oil and gas company’s stock worth $909,000 after purchasing an additional 228 shares during the last quarter. LVW Advisors LLC increased its position in Chevron by 17.7% in the 3rd quarter. LVW Advisors LLC now owns 15,417 shares of the oil and gas company’s stock worth $2,394,000 after buying an additional 2,314 shares during the period. Bravias Capital Group LLC lifted its holdings in shares of Chevron by 15.4% during the third quarter. Bravias Capital Group LLC now owns 2,398 shares of the oil and gas company’s stock worth $372,000 after buying an additional 320 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Chevron by 19.5% in the third quarter. Continuum Advisory LLC now owns 21,203 shares of the oil and gas company’s stock valued at $3,293,000 after acquiring an additional 3,466 shares during the period. Finally, LifeWealth Investments LLC grew its stake in shares of Chevron by 8.1% in the third quarter. LifeWealth Investments LLC now owns 5,018 shares of the oil and gas company’s stock worth $779,000 after acquiring an additional 375 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Price Performance

Shares of Chevron stock opened at $152.31 on Wednesday. The firm has a market cap of $306.69 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 9.06 and a beta of 0.68. The firm’s 50-day simple moving average is $152.01 and its 200-day simple moving average is $152.97. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. The firm had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.48 earnings per share. As a group, research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is 96.20%.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CVX shares. Wells Fargo & Company upped their target price on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Mizuho boosted their price objective on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Piper Sandler decreased their target price on Chevron from $171.00 to $169.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, Scotiabank boosted their price target on Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.00.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.