Chevron Co. (NYSE:CVX) Shares Purchased by apricus wealth LLC

apricus wealth LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,165 shares of the oil and gas company’s stock after purchasing an additional 633 shares during the period. Chevron accounts for approximately 2.7% of apricus wealth LLC’s portfolio, making the stock its 6th biggest holding. apricus wealth LLC’s holdings in Chevron were worth $3,780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of Chevron by 4.9% in the fourth quarter. International Assets Investment Management LLC now owns 21,470 shares of the oil and gas company’s stock valued at $3,202,000 after buying an additional 1,005 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in Chevron by 796.5% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 15,599 shares of the oil and gas company’s stock valued at $2,327,000 after buying an additional 13,859 shares during the last quarter. Kovack Advisors Inc. boosted its holdings in shares of Chevron by 5.6% in the 4th quarter. Kovack Advisors Inc. now owns 44,741 shares of the oil and gas company’s stock worth $6,674,000 after buying an additional 2,384 shares during the last quarter. Spinnaker Trust lifted its stake in shares of Chevron by 6.1% during the 4th quarter. Spinnaker Trust now owns 52,762 shares of the oil and gas company’s stock valued at $7,870,000 after buying an additional 3,028 shares in the last quarter. Finally, Rather & Kittrell Inc. grew its position in Chevron by 8.6% during the fourth quarter. Rather & Kittrell Inc. now owns 3,491 shares of the oil and gas company’s stock worth $521,000 after buying an additional 277 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 0.2 %

NYSE:CVX traded up $0.35 during midday trading on Monday, hitting $147.97. The stock had a trading volume of 2,472,811 shares, compared to its average volume of 7,781,283. Chevron Co. has a one year low of $139.62 and a one year high of $171.70. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $152.97 and a 200 day moving average of $155.83. The company has a market capitalization of $272.70 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 2.46 and a beta of 1.10.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 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 analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.08 earnings per share. As a group, sell-side analysts forecast that Chevron Co. will post 11.96 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be given 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 of this dividend is Monday, August 19th. Chevron’s payout ratio is 59.98%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial reduced their price target on Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. TD Cowen increased their price objective on shares of Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Royal Bank of Canada reduced their target price on Chevron from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Mizuho boosted their target price on shares of Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Wolfe Research assumed coverage on Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average target price of $183.82.

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.