United Advisor Group LLC Buys 1,296 Shares of Chevron Co. (NYSE:CVX)

United Advisor Group LLC lifted its position in Chevron Co. (NYSE:CVX) by 26.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,128 shares of the oil and gas company’s stock after buying an additional 1,296 shares during the period. United Advisor Group LLC’s holdings in Chevron were worth $902,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Rational Advisors LLC bought a new stake in shares of Chevron in the third quarter worth $29,000. Anfield Capital Management LLC lifted its stake in shares of Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after buying an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC boosted its holdings in shares of Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 100 shares during the period. Livelsberger Financial Advisory acquired a new position in Chevron in the 3rd quarter valued at $47,000. Finally, Krane Funds Advisors LLC acquired a new position in shares of Chevron in the third quarter valued at about $47,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Up 0.6 %

NYSE CVX opened at $153.97 on Tuesday. The stock’s 50 day moving average is $147.07 and its 200 day moving average is $152.91. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. 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 stock has a market cap of $281.60 billion, a PE ratio of 16.92, a P/E/G ratio of 3.39 and a beta of 1.09.

Chevron (NYSE:CVX) last released its 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). Chevron had a return on equity of 13.07% and a net margin of 8.44%. The firm had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter last year, the business posted $3.08 EPS. Chevron’s revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Chevron Co. will post 10.7 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.23%. Chevron’s dividend payout ratio is presently 71.65%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CVX. Wolfe Research started coverage on shares of Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company decreased their price target on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Barclays upped their price target on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday. Scotiabank reduced their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Royal Bank of Canada boosted their target price on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.93.

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.