Chevron Co. (NYSE:CVX) Shares Acquired by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC boosted its stake in Chevron Co. (NYSE:CVX) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,936 shares of the oil and gas company’s stock after acquiring an additional 85 shares during the quarter. Smith Thornton Advisors LLC’s holdings in Chevron were worth $580,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Chevron in the first quarter worth approximately $566,000. Embree Financial Group grew its holdings in shares of Chevron by 4.5% during the first quarter. Embree Financial Group now owns 9,528 shares of the oil and gas company’s stock worth $1,503,000 after buying an additional 409 shares in the last quarter. Integris Wealth Management LLC raised its position in shares of Chevron by 1.9% in the first quarter. Integris Wealth Management LLC now owns 5,567 shares of the oil and gas company’s stock valued at $878,000 after buying an additional 102 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Chevron by 2.6% in the first quarter. Signaturefd LLC now owns 26,475 shares of the oil and gas company’s stock worth $4,176,000 after buying an additional 664 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its position in Chevron by 4.8% during the first quarter. Richardson Financial Services Inc. now owns 2,067 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the subject of a number of recent research reports. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Tuesday. Scotiabank cut their price target on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wolfe Research started coverage on Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Mizuho reduced their price target on Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Finally, Bank of America started coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $174.93.

Chevron Price Performance

CVX stock opened at $156.73 on Friday. The business’s 50-day moving average is $147.43 and its two-hundred day moving average is $152.90. 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 firm has a market capitalization of $286.65 billion, a P/E ratio of 17.22, a P/E/G ratio of 3.43 and a beta of 1.09. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11.

Chevron (NYSE:CVX) last issued its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.07%. The firm had revenue of $50.67 billion for the quarter, compared to analysts’ expectations of $48.86 billion. During the same quarter last year, the company earned $3.05 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. Analysts anticipate that Chevron Co. will post 10.65 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

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.