Chevron Co. (NYSE:CVX) Shares Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC raised its position in shares of Chevron Co. (NYSE:CVX) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,495 shares of the oil and gas company’s stock after purchasing an additional 85 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Chevron were worth $3,988,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its stake in Chevron by 6.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 266,167 shares of the oil and gas company’s stock valued at $41,634,000 after purchasing an additional 17,128 shares during the period. Beam Wealth Advisors Inc. raised its stake in Chevron by 72.2% during the 2nd quarter. Beam Wealth Advisors Inc. now owns 13,969 shares of the oil and gas company’s stock valued at $2,185,000 after purchasing an additional 5,855 shares during the period. First Interstate Bank raised its stake in Chevron by 3.5% during the 2nd quarter. First Interstate Bank now owns 6,629 shares of the oil and gas company’s stock valued at $1,037,000 after purchasing an additional 225 shares during the period. RPG Investment Advisory LLC raised its stake in Chevron by 7.5% during the 2nd quarter. RPG Investment Advisory LLC now owns 117,234 shares of the oil and gas company’s stock valued at $18,338,000 after purchasing an additional 8,153 shares during the period. Finally, Doheny Asset Management CA increased its stake in shares of Chevron by 25.3% in the second quarter. Doheny Asset Management CA now owns 13,155 shares of the oil and gas company’s stock worth $2,058,000 after acquiring an additional 2,656 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Up 1.3 %

CVX stock opened at $140.30 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. Chevron Co. has a 52-week low of $137.87 and a 52-week high of $171.70. The company has a 50-day moving average of $150.50 and a two-hundred day moving average of $155.16. The stock has a market capitalization of $256.60 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (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 firm had revenue of $51.18 billion for the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter last year, the company earned $3.08 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Chevron Co. will post 11.86 EPS for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors 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 4.65%. The ex-dividend date of this dividend is Monday, August 19th. Chevron’s payout ratio is presently 59.98%.

Analysts Set New Price Targets

CVX has been the topic of a number of research reports. 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. Mizuho upped their price target 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. Barclays dropped their price target on shares of Chevron from $203.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Truist Financial dropped their price target on shares of Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Finally, Sanford C. Bernstein downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $183.00 to $167.00 in a research note on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.82.

Chevron 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.