LSV Asset Management Sells 14,806 Shares of Chevron Corporation (NYSE:CVX)

LSV Asset Management trimmed its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,296 shares of the oil and gas company's stock after selling 14,806 shares during the quarter. LSV Asset Management's holdings in Chevron were worth $34,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Harvest Fund Management Co. Ltd grew its position in shares of Chevron by 420.7% in the 1st 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 bought a new stake in shares of Chevron in the 4th quarter worth approximately $29,000. IFS Advisors LLC grew its position in shares of Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after buying an additional 116 shares during the last quarter. Navigoe LLC bought a new stake in shares of Chevron in the 4th quarter worth approximately $33,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Chevron in the 1st quarter worth approximately $39,000. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CVX shares. Redburn Atlantic reiterated a "sell" rating and issued a $124.00 price objective (down from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. UBS Group cut their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. HSBC lowered Chevron from a "buy" rating to a "hold" rating and cut their price objective for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Evercore ISI reiterated an "outperform" rating and issued a $180.00 price objective on shares of Chevron in a research report on Thursday. Finally, Piper Sandler restated an "overweight" rating on shares of Chevron in a research note on Tuesday, July 15th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $163.18.

Chevron Stock Down 0.2%

Shares of NYSE:CVX opened at $151.33 on Monday. The stock has a fifty day simple moving average of $146.86 and a two-hundred day simple moving average of $148.73. The stock has a market capitalization of $264.28 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.31 and a beta of 0.87. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.19. The business had revenue of $44.82 billion during the quarter, compared to analysts' expectations of $44.59 billion. Chevron had a return on equity of 9.80% and a net margin of 7.02%. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.55 earnings per share. On average, research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron 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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