Sivia Capital Partners LLC Has $660,000 Position in Chevron Co. (NYSE:CVX)

Sivia Capital Partners LLC increased its holdings in shares of Chevron Co. (NYSE:CVX) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,222 shares of the oil and gas company’s stock after buying an additional 470 shares during the period. Sivia Capital Partners LLC’s holdings in Chevron were worth $660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC grew its position in shares of Chevron by 2.5% during the 2nd quarter. Lake Street Advisors Group LLC now owns 25,772 shares of the oil and gas company’s stock worth $4,031,000 after buying an additional 622 shares during the period. Weil Company Inc. grew its position in shares of Chevron by 5.5% during the 2nd quarter. Weil Company Inc. now owns 2,281 shares of the oil and gas company’s stock worth $357,000 after buying an additional 118 shares during the period. Private Advisor Group LLC grew its position in shares of Chevron by 6.4% during the 2nd quarter. Private Advisor Group LLC now owns 243,804 shares of the oil and gas company’s stock worth $38,090,000 after buying an additional 14,728 shares during the period. Northwest Wealth Management LLC grew its position in shares of Chevron by 5.7% during the 2nd quarter. Northwest Wealth Management LLC now owns 1,884 shares of the oil and gas company’s stock worth $295,000 after buying an additional 102 shares during the period. Finally, Addison Advisors LLC grew its position in shares of Chevron by 2.8% during the 2nd quarter. Addison Advisors LLC now owns 5,014 shares of the oil and gas company’s stock worth $784,000 after buying an additional 137 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVX has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Truist Financial cut their target price on Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Barclays dropped their price objective on Chevron from $203.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Sanford C. Bernstein cut Chevron from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. Finally, Scotiabank dropped their price objective on Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $183.82.

Chevron Trading Down 1.7 %

NYSE CVX opened at $138.48 on Friday. The stock has a market capitalization of $255.21 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.50 and a beta of 1.09. Chevron Co. has a one year low of $137.87 and a one year high of $171.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. The business’s fifty day moving average is $150.82 and its 200-day moving average is $155.26.

Chevron (NYSE:CVX) last released its earnings results 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 return on equity of 13.70% and a net margin of 9.31%. The business had revenue of $51.18 billion for the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter in the previous year, the firm earned $3.08 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that Chevron Co. will post 11.86 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Monday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 59.98%.

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.