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Financial Management Network Inc. Sells 221 Shares of Chevron Co. (NYSE:CVX)

Financial Management Network Inc. Sells 221 Shares of Chevron Co. (NYSE:CVX) #Financial #Management #Network #Sells #Shares #Chevron #NYSECVX Welcome to Americanah Blog, here is the new story we have for you today:

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Financial Management Network Inc. reduced its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,660 shares of the oil and gas company’s stock after selling 221 shares during the quarter. Financial Management Network Inc.’s holdings in Chevron were worth $976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Clarity Financial LLC lifted its position in shares of Chevron by 2.2% during the 1st quarter. Clarity Financial LLC now owns 2,790 shares of the oil and gas company’s stock worth $454,000 after buying an additional 61 shares during the last quarter. SYM FINANCIAL Corp lifted its position in shares of Chevron by 3.4% during the 1st quarter. SYM FINANCIAL Corp now owns 1,895 shares of the oil and gas company’s stock worth $309,000 after buying an additional 62 shares during the last quarter. LCM Capital Management Inc raised its position in Chevron by 0.9% in the first quarter. LCM Capital Management Inc now owns 7,306 shares of the oil and gas company’s stock valued at $1,190,000 after purchasing an additional 63 shares during the last quarter. Matrix Private Capital Group LLC raised its position in Chevron by 0.3% in the first quarter. Matrix Private Capital Group LLC now owns 20,229 shares of the oil and gas company’s stock valued at $3,294,000 after purchasing an additional 64 shares during the last quarter. Finally, John G Ullman & Associates Inc. raised its position in Chevron by 1.1% in the first quarter. John G Ullman & Associates Inc. now owns 6,002 shares of the oil and gas company’s stock valued at $977,000 after purchasing an additional 67 shares during the last quarter. 69.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America increased their target price on Chevron from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Societe Generale upgraded Chevron from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Piper Sandler increased their target price on Chevron from $189.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, September 12th. Truist Financial dropped their target price on Chevron from $170.00 to $166.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Finally, HSBC upgraded Chevron from a “hold” rating to a “buy” rating and dropped their target price for the company from $183.00 to $167.00 in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.20.

Chevron Trading Up 0.3 %

NYSE CVX opened at $156.90 on Tuesday. The business has a 50 day simple moving average of $154.36 and a 200 day simple moving average of $160.44. Chevron Co. has a one year low of $93.31 and a one year high of $182.40. The stock has a market capitalization of $308.28 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.60 and a beta of 1.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.11.

Chevron (NYSE:CVXGet Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, topping the consensus estimate of $4.66 by $1.16. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The business had revenue of $68.76 billion during the quarter, compared to analysts’ expectations of $57.69 billion. During the same quarter last year, the firm posted $1.71 earnings per share. The firm’s revenue was up 82.9% on a year-over-year basis. Research analysts expect that Chevron Co. will post 18.4 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a $1.42 dividend. The ex-dividend date was Thursday, August 18th. This represents a $5.68 dividend on an annualized basis and a yield of 3.62%. Chevron’s dividend payout ratio (DPR) is presently 37.89%.

Insider Buying and Selling at Chevron

In other Chevron news, Director Wanda M. Austin sold 11,432 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $161.45, for a total value of $1,845,696.40. Following the completion of the sale, the director now owns 3,560 shares of the company’s stock, valued at $574,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chevron news, Director Wanda M. Austin sold 11,432 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $161.45, for a total value of $1,845,696.40. Following the completion of the sale, the director now owns 3,560 shares of the company’s stock, valued at $574,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James William Johnson sold 85,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $164.01, for a total value of $13,990,053.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 141,732 shares of company stock valued at $23,024,499. Company insiders own 0.32% of the company’s stock.

Chevron Company Profile

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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