Haverford Financial Services Inc. has $8.85M position in Chevron Co. (NYSE:CVX)

VaselineSeptember 19, 2024

0 4 minutes read

Haverford Financial Services Inc. reduced its position in shares of Chevron Co. (NYSE:CVX – Free Report) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,573 shares of the oil and gas company’s stock after selling 78 shares during the quarter. Chevron makes up 2.7% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 17th largest holding. The holdings of Haverford Financial Services Inc. holdings in Chevron were worth $8,849,000 at the end of the most recent quarter.

Several other large investors have recently added to or reduced their stakes in CVX. Eagle Capital Management LLC boosted its stake in Chevron by 0.5% in the first quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company’s stock worth $5,435,000 after purchasing an additional 163 shares in the last quarter. Lane & Associates LLC purchased a new position in shares of Chevron in the first quarter worth $345,000. KCM Investment Advisors LLC raised its stake in Chevron by 2.5% in the first quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock worth $52,299,000 after acquiring an additional 8,168 shares during the last quarter. Livelsberger Financial Advisory purchased a new position in shares of Chevron in the fourth quarter valued at $46,000. Finally, Hosking Partners LLP purchased a new position in Chevron in the first quarter worth $4,924,000. 72.42% of shares are owned by institutional investors and hedge funds.

Chevron stock down 0.4%

NYSE CVX opened at $143.96 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85, and a current ratio of 1.16. The firm has a 50-day simple moving average of $148.47 and a 200-day simple moving average of $154.54. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $171.70. The stock has a market cap of $263.29 billion, a PE ratio of 13.24, a PEG ratio of 2.41 and a beta of 1.09.

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Chevron (NYSE:CVX – Get Your Free Report ) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The company had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. In the same quarter in the previous year, the business posted EPS of $3.08. The company’s quarterly revenue was up 4.7% year over year. On average, research analysts forecast that Chevron Co. will post 11.57 EPS for the current year.

Chevron announces dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were given a $1.63 dividend. This represents an annualized dividend of $6.52 and a dividend yield of 4.53%. The ex-dividend date of this dividend was Monday, August 19. Chevron’s payout ratio is currently 59.98%.

Analysts set new price targets

Several research firms have commented on CVX. Mizuho reduced their target price on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research report on Monday. Sanford C. Bernstein downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $183.00 to $167.00 in a report on research on Wednesday, July 17. UBS Group cut their price target on shares of Chevron from $192.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday. Truist Financial cut their price target on shares of Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Finally, Scotiabank cut their price target on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th . Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and a consensus price target of $182.41, according to MarketBeat.com.

See the latest stock analysis on CVX

Chevron Company Profile

(Free report)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemical 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, transport and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage and trading of natural gas; and carbon capture and storage, as well as a gas-to-liquids facility.