Northern Financial Advisors Inc Has $835,000 Stock Position in Chevron Corporation (NYSE:CVX)

Northern Financial Advisors Inc cut its position in Chevron Corporation (NYSE:CVX) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,991 shares of the oil and gas company’s stock after selling 148 shares during the quarter. Northern Financial Advisors Inc’s holdings in Chevron were worth $835,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CVX. ACR Alpine Capital Research LLC grew its stake in Chevron by 1.6% in the first quarter. ACR Alpine Capital Research LLC now owns 2,193,567 shares of the oil and gas company’s stock valued at $366,962,000 after acquiring an additional 34,171 shares during the period. Pinnacle Associates Ltd. raised its stake in shares of Chevron by 3.3% in the first quarter. Pinnacle Associates Ltd. now owns 200,378 shares of the oil and gas company’s stock valued at $33,521,000 after buying an additional 6,341 shares during the period. Unison Advisors LLC bought a new stake in shares of Chevron in the first quarter valued at $2,994,000. Financial & Tax Architects LLC raised its stake in shares of Chevron by 2.7% in the first quarter. Financial & Tax Architects LLC now owns 43,036 shares of the oil and gas company’s stock valued at $7,199,000 after buying an additional 1,116 shares during the period. Finally, Dempze Nancy E raised its stake in shares of Chevron by 27.5% in the first quarter. Dempze Nancy E now owns 11,925 shares of the oil and gas company’s stock valued at $1,995,000 after buying an additional 2,570 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 1.9%

CVX stock opened at $152.96 on Thursday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $267.12 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83. The business has a 50 day moving average of $144.59 and a 200 day moving average of $148.73.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The company had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same quarter last year, the company earned $2.93 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Monday, May 19th. Chevron’s payout ratio is currently 78.17%.

Analyst Ratings Changes

CVX has been the topic of several research reports. Mizuho lowered their target price on Chevron from $188.00 to $186.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. BNP Paribas cut Chevron to a “cautious” rating in a research report on Tuesday, April 15th. Barclays reiterated an “equal weight” rating on shares of Chevron in a report on Tuesday, July 15th. Scotiabank restated a “sector perform” rating and set a $160.00 target price (up from $143.00) on shares of Chevron in a report on Friday, July 11th. Finally, Piper Sandler restated an “overweight” rating on shares of Chevron in a report on Tuesday, July 15th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Chevron presently has an average rating of “Hold” and an average target price of $162.13.

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.