Yeomans Consulting Group Inc. Has $804,000 Stake in Chevron Co. (NYSE:CVX)

Yeomans Consulting Group Inc. grew its holdings in Chevron Co. (NYSE:CVX) by 275.5% during the second quarter, Holdings Channel.com reports. The firm owned 5,140 shares of the oil and gas company’s stock after acquiring an additional 3,771 shares during the period. Yeomans Consulting Group Inc.’s holdings in Chevron were worth $804,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. American Capital Advisory LLC lifted its position in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after buying an additional 125 shares in the last quarter. Bare Financial Services Inc bought a new position in Chevron in the 4th quarter worth approximately $27,000. Frank Rimerman Advisors LLC acquired a new position in Chevron during the 4th quarter worth $30,000. Cooksen Wealth LLC bought a new position in Chevron in the 4th quarter valued at $40,000. Finally, Clear Investment Research LLC increased its stake in shares of Chevron by 264.9% in the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 204 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 1.3 %

Shares of NYSE:CVX traded up $1.89 during trading on Friday, hitting $147.62. 4,824,078 shares of the company’s stock traded hands, compared to its average volume of 7,814,477. The company has a 50-day moving average price of $152.97 and a 200-day moving average price of $155.81. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70. 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 market cap of $272.06 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 2.46 and a beta of 1.10.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The company had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. During the same quarter last year, the company earned $3.08 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that Chevron Co. will post 11.96 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Monday, August 19th. Chevron’s dividend payout ratio is 59.98%.

Wall Street Analyst Weigh In

CVX has been the topic of several research reports. Royal Bank of Canada cut their price target on Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Mizuho boosted their price objective on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Wolfe Research initiated coverage on shares of Chevron in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Sanford C. Bernstein cut shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Finally, Truist Financial cut their price objective on shares of Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $183.82.

Chevron Company 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.