Chevron Co. (NYSE:CVX) Shares Acquired by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC grew its position in shares of Chevron Co. (NYSE:CVX) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,440 shares of the oil and gas company’s stock after purchasing an additional 95 shares during the quarter. One Wealth Management Investment & Advisory Services LLC’s holdings in Chevron were worth $225,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CVX. Berkshire Hathaway Inc raised its position in shares of Chevron by 14.4% in the fourth quarter. Berkshire Hathaway Inc now owns 126,093,326 shares of the oil and gas company’s stock worth $18,808,081,000 after acquiring an additional 15,845,037 shares during the period. Norges Bank purchased a new position in shares of Chevron in the 4th quarter valued at about $2,902,007,000. Bank of New York Mellon Corp raised its holdings in Chevron by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 16,103,302 shares of the oil and gas company’s stock worth $2,540,135,000 after purchasing an additional 654,482 shares during the period. Capital World Investors boosted its position in Chevron by 3.2% during the first quarter. Capital World Investors now owns 16,009,766 shares of the oil and gas company’s stock worth $2,525,380,000 after purchasing an additional 495,879 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Chevron by 13.0% in the fourth quarter. Franklin Resources Inc. now owns 15,622,388 shares of the oil and gas company’s stock valued at $2,330,235,000 after purchasing an additional 1,797,171 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Down 1.7 %

NYSE CVX traded down $2.37 on Friday, reaching $138.56. 7,836,358 shares of the company were exchanged, compared to its average volume of 7,768,067. Chevron Co. has a fifty-two week low of $137.87 and a fifty-two week high of $171.70. The stock has a market capitalization of $255.36 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09. The business’s fifty day moving average price is $150.82 and its 200 day moving average price is $155.26. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its quarterly earnings results 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 net margin of 9.31% and a return on equity of 13.70%. The firm had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. During the same period in the previous year, the firm posted $3.08 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Chevron Co. will post 11.86 earnings per share for the current year.

Chevron Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays reduced their target price on 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 reduced their price objective on shares of Chevron from $156.00 to $154.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Royal Bank of Canada dropped their target price on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Mizuho upped their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Scotiabank decreased their price target on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $183.82.

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.