Chevron Co. (NYSE:CVX) Shares Bought by Old North State Wealth Management LLC

Old North State Wealth Management LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 21.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,937 shares of the oil and gas company’s stock after buying an additional 511 shares during the quarter. Old North State Wealth Management LLC’s holdings in Chevron were worth $433,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CVX. Anfield Capital Management LLC grew its holdings 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 in the last quarter. Cyrus J. Lawrence LLC grew its stake in Chevron by 66.7% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in Chevron during the 3rd quarter worth approximately $47,000. Livelsberger Financial Advisory acquired a new position in shares of Chevron in the 3rd quarter valued at approximately $47,000. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Chevron during the 2nd quarter valued at approximately $59,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CVX shares. Mizuho reduced their price objective on Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Truist Financial dropped their target price on Chevron from $154.00 to $150.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Wolfe Research began coverage on Chevron in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Scotiabank lowered their price target on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company lowered their price target on Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average target price of $173.47.

Chevron Trading Up 2.9 %

Shares of NYSE CVX opened at $153.07 on Monday. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The firm has a market capitalization of $279.95 billion, a PE ratio of 16.82, a PEG ratio of 3.29 and a beta of 1.09. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $146.96 and a two-hundred day moving average price of $152.93.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The business had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. During the same quarter in the previous year, the business posted $3.08 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Chevron Co. will post 10.74 earnings per share for the current fiscal year.

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.