ODonnell Financial Services LLC Acquires 195 Shares of Chevron Co. (NYSE:CVX)

ODonnell Financial Services LLC grew its holdings in shares of Chevron Co. (NYSE:CVX) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,672 shares of the oil and gas company’s stock after buying an additional 195 shares during the period. Chevron makes up 0.3% of ODonnell Financial Services LLC’s investment portfolio, making the stock its 27th largest holding. ODonnell Financial Services LLC’s holdings in Chevron were worth $574,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank lowered their target price on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Mizuho lifted their price target on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Sanford C. Bernstein cut Chevron from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Wolfe Research initiated coverage on shares of Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada decreased their price objective on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $183.82.

Chevron Trading Up 0.4 %

Shares of CVX stock traded up $0.53 on Friday, hitting $147.95. 6,414,755 shares of the company’s stock traded hands, compared to its average volume of 7,744,871. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The stock has a market capitalization of $272.67 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 2.46 and a beta of 1.10. The company’s fifty day simple moving average is $152.42 and its 200 day simple moving average is $155.64. Chevron Co. has a one year low of $139.62 and a one year high of $171.70.

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

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.41%. Chevron’s dividend payout ratio is presently 59.98%.

About Chevron

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.