Chevron Co. (NYSE:CVX) Shares Purchased by Missouri Trust & Investment Co

Missouri Trust & Investment Co grew its holdings in shares of Chevron Co. (NYSE:CVX) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 19,076 shares of the oil and gas company’s stock after acquiring an additional 120 shares during the quarter. Chevron comprises 1.0% of Missouri Trust & Investment Co’s portfolio, making the stock its 13th largest holding. Missouri Trust & Investment Co’s holdings in Chevron were worth $2,809,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Rational Advisors LLC bought a new position in Chevron in the 3rd quarter worth about $29,000. Anfield Capital Management LLC boosted its position in shares of Chevron by 118.0% during the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after buying an additional 118 shares during the period. Cyrus J. Lawrence LLC grew its holdings in Chevron by 66.7% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after buying an additional 100 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in Chevron in the 3rd quarter valued at approximately $47,000. Finally, Livelsberger Financial Advisory bought a new stake in Chevron during the 3rd quarter valued at $47,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Performance

Shares of NYSE CVX traded up $0.10 during trading hours on Tuesday, hitting $156.60. 928,175 shares of the stock were exchanged, compared to its average volume of 7,632,746. The firm has a market capitalization of $286.41 billion, a P/E ratio of 17.20, a P/E/G ratio of 3.51 and a beta of 1.09. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. 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 company’s 50 day moving average is $147.97 and its 200 day moving average is $152.68.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The business had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.07% and a net margin of 8.44%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.05 earnings per share. On average, research analysts expect that Chevron Co. will post 10.59 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.16%. Chevron’s payout ratio is 71.65%.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Mizuho decreased their price objective on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Scotiabank dropped their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Truist Financial boosted their target price on shares of Chevron from $150.00 to $155.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Bank of America assumed coverage on Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 target price on the stock. Four investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $174.93.

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.