Endeavor Private Wealth Inc. Has $666,000 Holdings in Chevron Corporation (NYSE:CVX)

Key Points

• Endeavor Private Wealth Inc. increased its stake in Chevron Corporation by 705.7% in Q1, now owning 3,980 shares valued at $666,000.
• Institutional investors collectively hold 72.42% of Chevron's stock, with significant increases in holdings reported by several funds.
• Chevron recently reported $1.77 EPS, exceeding analyst estimates, though its revenue was down 12.4% year-over-year.

Endeavor Private Wealth Inc. grew its stake in Chevron Corporation (NYSE:CVX - Free Report) by 705.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,980 shares of the oil and gas company's stock after buying an additional 3,486 shares during the period. Endeavor Private Wealth Inc.'s holdings in Chevron were worth $666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd lifted its position in shares of Chevron by 420.7% in the first quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock worth $25,000 after buying an additional 122 shares during the last quarter. 10Elms LLP acquired a new stake in shares of Chevron in the fourth quarter worth about $29,000. Navigoe LLC acquired a new stake in shares of Chevron in the fourth quarter worth about $33,000. IFS Advisors LLC lifted its position in shares of Chevron by 119.6% during the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 116 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new stake in Chevron during the 1st quarter valued at approximately $39,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CVX. TD Cowen decreased their target price on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Barclays restated an "equal weight" rating on shares of Chevron in a research note on Tuesday, July 15th. BNP Paribas downgraded Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Wells Fargo & Company restated an "overweight" rating and set a $178.00 target price on shares of Chevron in a research note on Friday. Finally, Jefferies Financial Group restated a "buy" rating on shares of Chevron in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $163.18.

Chevron Stock Down 0.2%

NYSE CVX opened at $151.33 on Friday. The firm has a market cap of $264.28 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 2.39 and a beta of 0.87. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The stock's 50 day simple moving average is $146.86 and its 200 day simple moving average is $148.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.19. The business had revenue of $44.82 billion for the quarter, compared to analyst estimates of $44.59 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. Chevron's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.55 EPS. As a group, sell-side analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

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.

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