Chevron Co. (NYSE:CVX) Shares Acquired by DT Investment Partners LLC

DT Investment Partners LLC grew its position in Chevron Co. (NYSE:CVX) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,578 shares of the oil and gas company’s stock after acquiring an additional 196 shares during the quarter. DT Investment Partners LLC’s holdings in Chevron were worth $3,031,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. GoalVest Advisory LLC increased its holdings in shares of Chevron by 23.6% in the first quarter. GoalVest Advisory LLC now owns 7,331 shares of the oil and gas company’s stock valued at $1,156,000 after purchasing an additional 1,402 shares during the last quarter. Aletheian Wealth Advisors LLC boosted its position in shares of Chevron by 9.6% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 4,976 shares of the oil and gas company’s stock valued at $785,000 after acquiring an additional 434 shares during the last quarter. G&S Capital LLC boosted its position in shares of Chevron by 37.3% during the 1st quarter. G&S Capital LLC now owns 29,162 shares of the oil and gas company’s stock valued at $4,600,000 after acquiring an additional 7,929 shares during the last quarter. Cascade Wealth Advisors Inc acquired a new stake in Chevron during the first quarter worth about $242,000. Finally, St. Johns Investment Management Company LLC raised its stake in Chevron by 17.9% during the first quarter. St. Johns Investment Management Company LLC now owns 8,836 shares of the oil and gas company’s stock worth $1,394,000 after purchasing an additional 1,342 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Trading Down 0.0 %

NYSE CVX opened at $150.46 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The firm has a market cap of $275.18 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 3.30 and a beta of 1.09. The firm has a 50 day simple moving average of $146.44 and a 200-day simple moving average of $153.45. Chevron Co. has a one year low of $135.37 and a one year high of $167.11.

Chevron (NYSE:CVX) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The business 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.08 earnings per share. Equities research analysts anticipate that Chevron Co. will post 10.86 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 paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.33%. Chevron’s payout ratio is 64.55%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CVX. Mizuho dropped their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Scotiabank lowered their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. UBS Group lifted their target price on Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Truist Financial lowered their price target on Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $170.00 price objective on shares of Chevron in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.07.

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.