Chevron Corporation (NYSE:CVX): Analyzing Financial Health

Wealthtrust Axiom Llc sold 5,992 shares as Chevron Corp New (CVX)'s stock declined 3.45%. The stock has a beta value of 1.23.

Shares of Chevron Corporation (NYSE:CVX) opened at $117.82, and ended -0.2% lower at $117.58. In the most recent financial results released by Chevron Corporation, for the quarter ending on 2017-06-30, the company posted EPS of $0.91. Finally, Rothschild Investment Corp IL raised its position in Chevron Corporation by 2.3% in the first quarter.

By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with LOW volatility. Lederer & Associates Investment Counsel CA raised its position in shares of Chevron Corporation by 6.7% during the 2nd quarter. Jefferies maintained Chevron Corporation (NYSE:CVX) rating on Tuesday, October 3. Comerica Secs Incorporated owns 0.28% invested in Pioneer Floating Rate Trust (NYSE:PHD) for 157,241 shares. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 1,669 shares in the quarter, leaving it with 76,068 shares, and cut its stake in Nextera Energy Inc (NYSE:NEE). In this case, shares are down -3.25% from $29.55, the 52-week high touched on Jul. 28, 2017, and are keeping their losses at 6.68% for the past 12 months. Exchange Capital Management reported 0.5% of its portfolio in Chevron Corporation (NYSE:CVX).

Baker Avenue Asset Management Lp decreased Chevron Corp New Com (CVX) stake by 10.46% reported in 2017Q2 SEC filing. Moreover, Salem Cap Mngmt Inc has 0.55% invested in Chevron Corporation (NYSE:CVX) for 9,350 shares. Credit Suisse Group set a $123.00 price target on shares of Chevron Corporation and gave the stock a "buy" rating in a research report on Friday, August 25th.

Several other research analysts also recently weighed in on CVX. The stock of Chevron Corporation (NYSE:CVX) earned "Sector Outperform" rating by Howard Weil on Monday, December 14. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The mean target price as estimated by the analysts for the company has been recorded at $116.09.

Shares of Chevron Corporation (CVX) traded down 1.22% during trading on Friday, reaching $117.13.

The counter witnessed a trading volume of 0.75 million shares versus an average volume of 0.83 million shares during last trading session. The company has a 50-day moving average price of $112.57 and a 200 day moving average price of $107.85. The institutional investor held 39,770 shares of the integrated oil company at the end of 2017Q2, valued at $4.15B, up from 33,853 at the end of the previous reported quarter. Guardian Investment holds 4.07% in Chevron Corporation (NYSE:CVX) or 35,333 shares. The firm had revenue of $34.48 billion during the quarter, compared to analyst estimates of $32.77 billion. They expect $0.85 EPS, up 25.00% or $0.17 from last year's $0.68 per share. Meanwhile, the average 12-month price target from Wall Street analysts is now 118.58, this means that the stock is underpriced by 0.843%.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. This represents a $4.32 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Wednesday, August 16th. Chevron Corporation's dividend payout ratio is 140.26%.

In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $110.68, for a total value of $3,431,080.00. The stock was sold at an average price of $111.00, for a total value of $4,329,000.00. Following the transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at approximately $4,866,018. The disclosure for this sale can be found here. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company's stock valued at $301,000 after purchasing an additional 13 shares in the last quarter.

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Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and global subsidiaries that engage in integrated energy and chemicals operations.

FRP Holdings, a holding company engaged in various real estate businesses. Institutional investors and hedge funds own 62.74% of the company's stock.

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