Werba Rubin Papier Wealth Management Raises Position in Chevron Co. (NYSE:CVX)

Werba Rubin Papier Wealth Management grew its stake in shares of Chevron Co. (NYSE:CVX) by 84.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,053 shares of the oil and gas company’s stock after buying an additional 1,855 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Chevron were worth $634,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. American Capital Advisory LLC raised its holdings in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 125 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new position in Chevron during the 4th quarter valued at about $30,000. Anfield Capital Management LLC raised its position in Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 118 shares during the last quarter. Cooksen Wealth LLC purchased a new stake in Chevron in the 4th quarter worth approximately $40,000. Finally, Clear Investment Research LLC grew its position in shares of Chevron by 264.9% in the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock worth $42,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of CVX traded down $2.37 during trading hours on Friday, hitting $138.56. The stock had a trading volume of 7,836,358 shares, compared to its average volume of 6,195,833. The firm has a market capitalization of $253.42 billion, a PE ratio of 12.75, a PEG ratio of 2.40 and a beta of 1.09. 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 12 month low of $137.87 and a 12 month high of $171.70. The stock has a fifty day moving average price of $150.82 and a 200 day moving average price of $155.26.

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

Chevron Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on CVX. Mizuho upped their price objective on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Barclays decreased their price target on shares of Chevron from $203.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Truist Financial cut their price objective on Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Wolfe Research began coverage on Chevron in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Royal Bank of Canada reduced their price target on Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.