1,420 Shares in Chevron Co. (NYSE:CVX) Bought by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. purchased a new stake in Chevron Co. (NYSE:CVX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,420 shares of the oil and gas company’s stock, valued at approximately $222,000. Chevron comprises approximately 0.5% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 28th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp lifted its stake in Chevron by 188.0% in the second quarter. Consolidated Portfolio Review Corp now owns 4,873 shares of the oil and gas company’s stock valued at $762,000 after acquiring an additional 3,181 shares during the last quarter. Drive Wealth Management LLC lifted its stake in Chevron by 11.0% in the second quarter. Drive Wealth Management LLC now owns 7,432 shares of the oil and gas company’s stock valued at $1,163,000 after acquiring an additional 739 shares during the last quarter. JPL Wealth Management LLC lifted its stake in Chevron by 5.8% in the second quarter. JPL Wealth Management LLC now owns 28,050 shares of the oil and gas company’s stock valued at $4,388,000 after acquiring an additional 1,550 shares during the last quarter. Massachusetts Wealth Management lifted its stake in Chevron by 2.0% in the second quarter. Massachusetts Wealth Management now owns 22,591 shares of the oil and gas company’s stock valued at $3,534,000 after acquiring an additional 450 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of Chevron by 7.8% during the 2nd quarter. Valmark Advisers Inc. now owns 14,821 shares of the oil and gas company’s stock worth $2,318,000 after buying an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of research reports. Barclays cut their target price on shares of Chevron from $203.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Scotiabank cut their target price on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Mizuho raised their target price on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Sanford C. Bernstein cut shares of Chevron from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $183.00 to $167.00 in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada lowered their price target on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.82.

Chevron Price Performance

Shares of Chevron stock traded up $0.53 during midday trading on Friday, hitting $147.95. 6,414,755 shares of the company traded hands, compared to its average volume of 7,230,632. The stock has a market cap of $272.67 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.50 and a beta of 1.10. 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 firm’s fifty day moving average price is $152.27 and its 200-day moving average price is $155.65. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70.

Chevron (NYSE:CVX) last announced 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 net margin of 9.31% and a return on equity of 13.70%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $3.08 earnings per share. As a group, sell-side analysts forecast that Chevron Co. will post 11.86 earnings per share for the current year.

Chevron Dividend Announcement

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