Chevron Co. (NYSE:CVX) Shares Bought by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lifted its holdings in Chevron Co. (NYSE:CVX) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,175 shares of the oil and gas company’s stock after purchasing an additional 832 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Chevron were worth $2,382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVX. Capricorn Fund Managers Ltd grew its stake in shares of Chevron by 34.0% during the third quarter. Capricorn Fund Managers Ltd now owns 40,615 shares of the oil and gas company’s stock worth $5,981,000 after acquiring an additional 10,306 shares during the last quarter. High Net Worth Advisory Group LLC boosted its stake in Chevron by 3.3% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 13,451 shares of the oil and gas company’s stock worth $1,981,000 after purchasing an additional 435 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Chevron by 14.4% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 439,345 shares of the oil and gas company’s stock valued at $64,702,000 after purchasing an additional 55,350 shares in the last quarter. Viking Fund Management LLC raised its holdings in shares of Chevron by 20.7% in the third quarter. Viking Fund Management LLC now owns 70,000 shares of the oil and gas company’s stock worth $10,309,000 after buying an additional 12,000 shares during the last quarter. Finally, Sunflower Bank N.A. lifted its stake in shares of Chevron by 5.3% during the third quarter. Sunflower Bank N.A. now owns 2,965 shares of the oil and gas company’s stock worth $437,000 after buying an additional 149 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CVX shares. Truist Financial dropped their target price on Chevron from $154.00 to $150.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Scotiabank reduced their target price on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday. UBS Group upped their price target on shares of Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company reduced their price objective on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Finally, Barclays lowered their target price on Chevron from $185.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and a consensus target price of $176.81.

Chevron Trading Up 0.5 %

Shares of Chevron stock opened at $151.42 on Monday. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $170.17. 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 stock has a market cap of $279.06 billion, a P/E ratio of 13.93, a P/E/G ratio of 2.72 and a beta of 1.09. The stock’s 50 day simple moving average is $145.46 and its 200-day simple moving average is $153.93.

Chevron (NYSE:CVX) last released its quarterly earnings data 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 firm 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%. Chevron’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.08 earnings per share. Analysts predict that Chevron Co. will post 11.09 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.31%. Chevron’s dividend payout ratio (DPR) is presently 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.