WoodTrust Financial Corp Reduces Stock Position in Chevron Co. (NYSE:CVX) - Defense World

WoodTrust Financial Corp lessened its position in shares of Chevron Co. (NYSE:CVX – Get Rating) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,765 shares of the oil and gas company’s stock after selling 828 shares during the quarter. Chevron accounts for 1.3% of WoodTrust Financial Corp’s portfolio, making the stock its 26th largest position. WoodTrust Financial Corp’s holdings in Chevron were worth $6,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. First Bancorp Inc ME acquired a new position in shares of Chevron in the 1st quarter valued at about $257,000. Transform Wealth LLC lifted its holdings in shares of Chevron by 0.9% in the 1st quarter. Transform Wealth LLC now owns 56,455 shares of the oil and gas company’s stock valued at $9,192,000 after buying an additional 479 shares during the period. Welch & Forbes LLC lifted its holdings in shares of Chevron by 4.0% in the 1st quarter. Welch & Forbes LLC now owns 363,980 shares of the oil and gas company’s stock valued at $59,266,000 after buying an additional 14,140 shares during the period. FLC Capital Advisors lifted its holdings in shares of Chevron by 11.6% in the 1st quarter. FLC Capital Advisors now owns 23,310 shares of the oil and gas company’s stock valued at $3,796,000 after buying an additional 2,417 shares during the period. Finally, Smart Money Group LLC lifted its holdings in shares of Chevron by 5.1% in the 1st quarter. Smart Money Group LLC now owns 3,802 shares of the oil and gas company’s stock valued at $619,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 65.89% of the company’s stock.

CVX stock opened at $142.77 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.43 and a quick ratio of 1.22. The business has a 50 day simple moving average of $162.68 and a 200-day simple moving average of $152.09. The firm has a market capitalization of $280.52 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. Chevron Co. has a 1 year low of $92.86 and a 1 year high of $182.40.

Chevron (NYSE:CVX – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The oil and gas company reported $3.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.08). The company had revenue of $54.37 billion during the quarter, compared to analysts’ expectations of $54.96 billion. Chevron had a net margin of 11.10% and a return on equity of 14.66%. Chevron’s revenue for the quarter was up 69.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. On average, equities research analysts expect that Chevron Co. will post 17.89 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Thursday, May 19th were given a $1.42 dividend. The ex-dividend date of this dividend was Wednesday, May 18th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.98%. Chevron’s dividend payout ratio (DPR) is presently 53.38%.

In related news, Director Wanda M. Austin sold 12,039 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $177.29, for a total value of $2,134,394.31. Following the completion of the transaction, the director now directly owns 3,543 shares in the company, valued at $628,138.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rhonda J. Morris sold 59,700 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $167.19, for a total value of $9,981,243.00. Following the completion of the transaction, the vice president now owns 830 shares of the company’s stock, valued at $138,767.70. The disclosure for this sale can be found here. Insiders sold 561,726 shares of company stock valued at $94,057,396 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Several equities analysts have recently issued reports on the company. Raymond James boosted their price objective on Chevron from $173.00 to $191.00 and gave the company an “outperform” rating in a report on Monday, April 18th. Truist Financial reduced their price target on Chevron from $181.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, June 28th. Cowen reduced their price target on Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, July 1st. Societe Generale cut Chevron from a “buy” rating to a “hold” rating and set a $175.00 price target for the company. in a report on Friday, May 20th. Finally, Morgan Stanley reduced their price target on Chevron from $188.00 to $185.00 and set an “equal weight” rating for the company in a report on Monday, June 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus price target of $168.85.

Chevron Profile (Get Rating)

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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WoodTrust Financial Corp Reduces Stock Position in Chevron Co. (NYSE:CVX) - Defense World
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