SRS Capital Advisors Inc. lifted its position in Chevron Co. (NYSE:CVX – Get Rating) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,796 shares of the oil and gas company’s stock after acquiring an additional 377 shares during the period. SRS Capital Advisors Inc.’s holdings in Chevron were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Hyman Charles D boosted its stake in shares of Chevron by 3.3% in the fourth quarter. Hyman Charles D now owns 131,538 shares of the oil and gas company’s stock worth $15,436,000 after acquiring an additional 4,178 shares during the last quarter. Carson Advisory Inc. acquired a new stake in shares of Chevron in the fourth quarter worth approximately $634,000. CIBC Private Wealth Group LLC boosted its stake in shares of Chevron by 1.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,661,589 shares of the oil and gas company’s stock worth $194,987,000 after acquiring an additional 25,466 shares during the last quarter. St. Johns Investment Management Company LLC boosted its stake in shares of Chevron by 5.0% in the fourth quarter. St. Johns Investment Management Company LLC now owns 7,679 shares of the oil and gas company’s stock worth $901,000 after acquiring an additional 369 shares during the last quarter. Finally, InterOcean Capital Group LLC boosted its stake in shares of Chevron by 6.1% in the fourth quarter. InterOcean Capital Group LLC now owns 75,752 shares of the oil and gas company’s stock worth $8,890,000 after acquiring an additional 4,364 shares during the last quarter. 65.32% of the stock is currently owned by hedge funds and other institutional investors.
CVX has been the topic of a number of recent research reports. Piper Sandler boosted their price objective on Chevron from $150.00 to $173.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 2nd. StockNews.com initiated coverage on Chevron in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Bank of America boosted their price objective on Chevron from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, February 15th. UBS Group boosted their price objective on Chevron from $150.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, April 5th. Finally, Truist Financial boosted their price objective on Chevron from $160.00 to $186.00 in a research note on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $161.59.
Shares of CVX stock traded down $5.12 on Friday, hitting $156.67. The stock had a trading volume of 14,713,218 shares, compared to its average volume of 9,327,208. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.02. The firm has a market capitalization of $307.82 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.80 and a beta of 1.14. Chevron Co. has a 1 year low of $92.86 and a 1 year high of $174.76. The company’s 50 day moving average price is $161.56 and its 200-day moving average price is $135.05.
Chevron (NYSE:CVX – Get Rating) last issued its quarterly earnings results on Friday, April 29th. The oil and gas company reported $3.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.44 by ($0.08). Chevron had a return on equity of 11.50% and a net margin of 9.62%. The company had revenue of $54.37 billion for the quarter, compared to analysts’ expectations of $54.96 billion. During the same quarter last year, the company earned $0.90 EPS. Chevron’s revenue for the quarter was up 69.8% compared to the same quarter last year. On average, equities analysts forecast that Chevron Co. will post 16.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Thursday, May 19th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $5.68 annualized dividend and a yield of 3.63%. Chevron’s dividend payout ratio (DPR) is 69.78%.
Chevron Profile (Get Rating)
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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