Baystate Wealth Management LLC reduced its position in Chevron Co. (NYSE:CVX) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,943 shares of the oil and gas company’s stock after selling 314 shares during the quarter. Baystate Wealth Management LLC’s holdings in Chevron were worth $140,000 at the end of the most recent quarter.

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

Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on Chevron from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Truist downgraded shares of Chevron to a “buy” rating and reduced their price target for the company from $113.00 to $112.00 in a research note on Friday, October 9th. Piper Sandler downgraded shares of Chevron from an “overweight” rating to a “neutral” rating and set a $108.00 price objective for the company. in a research note on Monday, August 17th. Truist Securiti cut their target price on shares of Chevron from $113.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Finally, HSBC lowered their price target on shares of Chevron from $93.00 to $86.00 and set a “hold” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $107.27.

In related news, insider David A. Inchausti sold 5,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $92.00, for a total transaction of $529,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is owned by corporate insiders.

CVX opened at $72.89 on Friday. Chevron Co. has a twelve month low of $51.60 and a twelve month high of $122.94. The company has a fifty day moving average of $76.82 and a 200-day moving average of $85.44. The stock has a market cap of $136.11 billion, a PE ratio of -15.64, a price-to-earnings-growth ratio of 2,483.67 and a beta of 1.26. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 0.23.

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

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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