Crumly & Associates Inc. Boosts Stock Position in Chevron Co. (NYSE:CVX)

Crumly & Associates Inc. raised its holdings in Chevron Co. (NYSE:CVX) by 2.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,704 shares of the oil and gas company’s stock after acquiring an additional 102 shares during the period. Crumly & Associates Inc.’s holdings in Chevron were worth $545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. bought a new stake in shares of Chevron in the 1st quarter valued at approximately $566,000. Oxbow Advisors LLC lifted its stake in Chevron by 13.1% during the first quarter. Oxbow Advisors LLC now owns 11,787 shares of the oil and gas company’s stock valued at $1,859,000 after purchasing an additional 1,361 shares during the last quarter. Bard Financial Services Inc. lifted its position in shares of Chevron by 1.7% in the 1st quarter. Bard Financial Services Inc. now owns 70,070 shares of the oil and gas company’s stock valued at $11,053,000 after acquiring an additional 1,200 shares in the last quarter. TFG Advisers LLC lifted its position in shares of Chevron by 1.3% in the 1st quarter. TFG Advisers LLC now owns 20,483 shares of the oil and gas company’s stock valued at $3,231,000 after acquiring an additional 261 shares in the last quarter. Finally, Mittelman Wealth Management purchased a new stake in shares of Chevron in the 1st quarter valued at approximately $1,265,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CVX. Barclays upped their price objective on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Wolfe Research began coverage on shares of Chevron in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Bank of America started coverage on shares of Chevron in a research report on Thursday, October 17th. They set a “buy” rating and a $168.00 target price for the company. Scotiabank lowered their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Royal Bank of Canada lifted their price objective on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus price target of $174.93.

Chevron Trading Up 0.1 %

NYSE CVX opened at $156.95 on Friday. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The stock has a market cap of $287.05 billion, a P/E ratio of 17.25, a P/E/G ratio of 3.53 and a beta of 1.09. The stock’s fifty day moving average price is $147.80 and its 200-day moving average price is $152.89. 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 earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.07% and a net margin of 8.44%. The business had revenue of $50.67 billion for the quarter, compared to analysts’ expectations of $48.86 billion. During the same period last year, the firm posted $3.05 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Chevron Co. will post 10.59 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Monday, November 18th. Chevron’s dividend payout ratio (DPR) is 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.