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Hofer & Associates. Inc grew its stake in Chevron Co. (NYSE:CVX – Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,652 shares of the oil and gas company’s stock after buying an additional 138 shares during the quarter. Hofer & Associates. Inc’s holdings in Chevron were worth $243,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Anfield Capital Management LLC increased its holdings in Chevron by 118.0% in the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 118 shares in the last quarter. Cyrus J. Lawrence LLC raised its holdings in Chevron by 66.7% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 100 shares during the period. Krane Funds Advisors LLC acquired a new position in Chevron in the 3rd quarter worth about $47,000. Livelsberger Financial Advisory purchased a new position in Chevron during the third quarter worth approximately $47,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Chevron in the first quarter valued at approximately $55,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Chevron stock opened at $150.92 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $146.32 and a 200 day moving average price of $153.47. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The stock has a market cap of $278.14 billion, a P/E ratio of 13.88, a PEG ratio of 2.73 and a beta of 1.09.

Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. During the same quarter in the prior year, the company posted $3.08 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Chevron Co. will post 10.95 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.32%. Chevron’s dividend payout ratio (DPR) is currently 59.98%.

Wall Street Analyst Weigh In

CVX has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Bank of America began coverage on shares of Chevron in a report on Thursday, October 17th. They set a “buy” rating and a $168.00 price objective on the stock. Wells Fargo & Company cut their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Scotiabank decreased their price target on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $170.00 price objective on shares of Chevron in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.07.

View Our Latest Research Report on Chevron

Chevron Company Profile

(Free Report)

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.

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Girard Partners LTD. grew its stake in Chevron Co. (NYSE:CVX – Free Report) by 42.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,953 shares of the oil and gas company’s stock after buying an additional 2,968 shares during the quarter. Girard Partners LTD.’s holdings in Chevron were worth $1,678,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CVX. NorthCrest Asset Manangement LLC lifted its stake in shares of Chevron by 247.8% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 3,400 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 5,700 shares during the last quarter. DHJJ Financial Advisors Ltd. purchased a new position in shares of Chevron in the 3rd quarter valued at $35,000. Worth Asset Management LLC purchased a new position in shares of Chevron in the 1st quarter valued at $36,000. Legacy Financial Group LLC purchased a new position in Chevron during the 3rd quarter worth $43,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Chevron during the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. Morgan Stanley decreased their price objective on Chevron from $203.00 to $201.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. UBS Group reduced their price target on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Jefferies Financial Group raised Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a report on Monday, January 8th. Sanford C. Bernstein raised Chevron from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $184.00 to $182.00 in a report on Thursday, November 2nd. Finally, Scotiabank cut Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 price target for the company. in a report on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.53.

Read Our Latest Analysis on Chevron

Chevron Trading Up 0.2 %

Shares of NYSE:CVX opened at $142.49 on Tuesday. The stock has a market capitalization of $268.99 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.72 and a beta of 1.12. Chevron Co. has a 1-year low of $139.62 and a 1-year high of $187.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 1.25. The company has a 50 day moving average price of $146.43 and a 200 day moving average price of $155.23.

Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $3.05 EPS for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.65). Chevron had a return on equity of 16.15% and a net margin of 12.11%. The firm had revenue of $54.08 billion during the quarter, compared to analyst estimates of $51.41 billion. During the same period in the prior year, the business posted $5.56 EPS. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, research analysts anticipate that Chevron Co. will post 12.99 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a $1.51 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $6.04 dividend on an annualized basis and a yield of 4.24%. Chevron’s payout ratio is 44.84%.

About Chevron

(Free Report)

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

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Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX – Free Report).

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Aaron Wealth Advisors LLC boosted its holdings in Chevron Co. (NYSE:CVX – Free Report) by 23.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,313 shares of the oil and gas company’s stock after purchasing an additional 812 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Chevron were worth $704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P raised its holdings in shares of Chevron by 85.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 159,115 shares of the oil and gas company’s stock worth $25,908,000 after acquiring an additional 73,141 shares in the last quarter. Axiom Financial Strategies LLC raised its holdings in shares of Chevron by 25.2% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,335 shares of the oil and gas company’s stock worth $1,155,000 after acquiring an additional 1,476 shares in the last quarter. GQG Partners LLC raised its holdings in shares of Chevron by 4.7% during the 1st quarter. GQG Partners LLC now owns 40,538 shares of the oil and gas company’s stock worth $6,598,000 after acquiring an additional 1,813 shares in the last quarter. Lumature Wealth Partners LLC raised its holdings in shares of Chevron by 43.5% during the 1st quarter. Lumature Wealth Partners LLC now owns 5,837 shares of the oil and gas company’s stock worth $950,000 after acquiring an additional 1,770 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Chevron by 13.8% during the 1st quarter. First Trust Advisors LP now owns 2,068,600 shares of the oil and gas company’s stock worth $336,830,000 after acquiring an additional 250,840 shares in the last quarter. 69.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CVX. StockNews.com began coverage on Chevron in a report on Thursday, May 18th. They set a “hold” rating on the stock. BNP Paribas upgraded Chevron from an “underperform” rating to a “neutral” rating and set a $200.00 price target on the stock in a report on Tuesday, April 4th. Citigroup decreased their price target on Chevron from $180.00 to $170.00 in a report on Tuesday, July 11th. Truist Financial decreased their price target on Chevron from $194.00 to $163.00 in a report on Monday. Finally, JPMorgan Chase & Co. upgraded Chevron from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $161.00 to $170.00 in a research note on Wednesday, May 31st. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.16.

Chevron Price Performance

CVX opened at $161.77 on Tuesday. Chevron Co. has a 12-month low of $140.46 and a 12-month high of $189.68. The company has a current ratio of 1.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $155.68 and its 200-day simple moving average is $162.91. The company has a market capitalization of $306.50 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.84 and a beta of 1.16.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.14. Chevron had a return on equity of 23.15% and a net margin of 14.74%. The company had revenue of $50.79 billion for the quarter, compared to the consensus estimate of $49.49 billion. During the same quarter last year, the company earned $3.36 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Chevron Co. will post 13.28 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, May 19th were given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, May 18th. Chevron’s payout ratio is currently 32.61%.

Chevron Company Profile

(Free Report)

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

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