First National Bank Sioux Falls reduced its stake in shares of Chevron Co. (NYSE:CVX) by 42.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,937 shares of the oil and gas company’s stock after selling 4,455 shares during the quarter. First National Bank Sioux Falls’ holdings in Chevron were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CVX. Selective Wealth Management Inc. acquired a new position in shares of Chevron during the 2nd quarter valued at about $25,000. Demars Financial Group LLC purchased a new position in Chevron during the second quarter worth about $32,000. Marshall & Sullivan Inc. WA purchased a new position in Chevron during the second quarter worth about $36,000. Asset Advisors Investment Management LLC acquired a new position in Chevron in the 2nd quarter valued at about $36,000. Finally, Watson Rebecca purchased a new stake in shares of Chevron in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 64.01% of the company’s stock.

A number of research analysts recently commented on CVX shares. Raymond James increased their price objective on Chevron from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Truist cut Chevron to a “buy” rating and lowered their price target for the stock from $113.00 to $112.00 in a report on Friday, October 9th. Truist Securiti reduced their price objective on shares of Chevron from $113.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Morgan Stanley upped their target price on shares of Chevron from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Finally, Scotia Howard Weill cut shares of Chevron from a “buy” rating to a “sector perform” rating and set a $121.00 price target for the company. in a research report on Thursday, September 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $107.27.

CVX stock opened at $72.89 on Friday. The business’s 50-day moving average is $76.82 and its two-hundred day moving average is $85.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.14 and a quick ratio of 0.87. The firm has a market capitalization of $136.11 billion, a P/E ratio of -15.64, a P/E/G ratio of 2,483.67 and a beta of 1.26. Chevron Co. has a 1 year low of $51.60 and a 1 year high of $122.94.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported ($1.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.93) by ($0.66). Chevron had a positive return on equity of 3.61% and a negative net margin of 7.41%. The firm had revenue of $13.95 billion for the quarter, compared to analysts’ expectations of $21.71 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The firm’s quarterly revenue was down 64.1% on a year-over-year basis. On average, analysts expect that Chevron Co. will post 0.01 EPS for the current year.

In other news, insider David A. Inchausti sold 5,750 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $92.00, for a total value of $529,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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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