Chevron Co. (NYSE:CVX) Position Lessened by Toronto Dominion Bank

Toronto Dominion Bank lessened its holdings in shares of Chevron Co. (NYSE:CVX) by 21.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 705,151 shares of the oil and gas company’s stock after selling 194,782 shares during the quarter. Toronto Dominion Bank’s holdings in Chevron were worth $103,848,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Rational Advisors LLC acquired a new position in shares of Chevron during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new position in Chevron during the third quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new position in shares of Chevron in the third quarter valued at approximately $30,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Chevron in the third quarter worth $31,000. Finally, Anfield Capital Management LLC boosted its holdings in shares of Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after buying an additional 118 shares during the period. 72.42% of the stock is owned by institutional investors.

Chevron Trading Down 0.0 %

Shares of NYSE CVX opened at $157.07 on Wednesday. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The stock has a market cap of $282.27 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 3.47 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $154.97 and its 200-day moving average is $152.42.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. During the same period in the previous year, the firm earned $3.05 EPS. Chevron’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Chevron Co. will post 10.54 EPS for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio is presently 71.65%.

Analyst Ratings Changes

A number of research analysts have weighed in on CVX shares. Mizuho cut their target price on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company upped their price target on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday, November 5th. Barclays upped their price objective on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Scotiabank decreased their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $177.13.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, the chief executive officer now owns 4,280 shares of the company’s stock, valued at $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.