Endeavor Private Wealth Inc. Purchases 3,486 Shares of Chevron Corporation (NYSE:CVX)

Endeavor Private Wealth Inc. raised its position in Chevron Corporation (NYSE:CVX) by 705.7% during the first quarter, Holdings Channel reports. The institutional investor owned 3,980 shares of the oil and gas company’s stock after buying an additional 3,486 shares during the quarter. Endeavor Private Wealth Inc.’s holdings in Chevron were worth $666,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CVX. IFG Advisory LLC boosted its position in shares of Chevron by 1.2% in the 1st quarter. IFG Advisory LLC now owns 12,448 shares of the oil and gas company’s stock worth $2,082,000 after purchasing an additional 142 shares during the last quarter. SPC Financial Inc. boosted its position in shares of Chevron by 1.5% in the 1st quarter. SPC Financial Inc. now owns 6,468 shares of the oil and gas company’s stock worth $1,082,000 after purchasing an additional 96 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in shares of Chevron by 20.7% in the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 1,703 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 292 shares during the last quarter. Asset Planning Inc boosted its position in shares of Chevron by 7.1% in the 1st quarter. Asset Planning Inc now owns 9,595 shares of the oil and gas company’s stock worth $1,605,000 after purchasing an additional 639 shares during the last quarter. Finally, Helium Advisors LLC boosted its position in shares of Chevron by 7.8% in the 1st quarter. Helium Advisors LLC now owns 3,382 shares of the oil and gas company’s stock worth $566,000 after purchasing an additional 246 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CVX has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating on shares of Chevron in a research report on Tuesday, July 15th. Scotiabank restated a “sector perform” rating and issued a $160.00 price target (up from $143.00) on shares of Chevron in a research report on Friday, July 11th. DZ Bank downgraded Chevron from a “buy” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 6th. UBS Group dropped their price objective on Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Finally, Hsbc Global Res downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 13th. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $163.18.

Chevron Trading Down 0.2%

Chevron stock opened at $151.33 on Friday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a market capitalization of $264.28 billion, a P/E ratio of 17.29, a PEG ratio of 2.39 and a beta of 0.87. The stock has a 50-day simple moving average of $146.86 and a 200 day simple moving average of $148.87.

Chevron (NYSE:CVX) last posted 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. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The business had revenue of $44.82 billion during the quarter, compared to analysts’ expectations of $44.59 billion. During the same quarter last year, the company posted $2.55 earnings per share. Chevron’s quarterly revenue was down 12.4% on a year-over-year basis. Analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

About Chevron

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.