OneDigital Investment Advisors LLC Buys 138 Shares of Chevron Co. (NYSE:CVX)

OneDigital Investment Advisors LLC raised its stake in Chevron Co. (NYSE:CVX) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,205 shares of the oil and gas company’s stock after acquiring an additional 138 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Chevron were worth $9,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. bought a new stake in shares of Chevron during the 1st quarter valued at $566,000. Empowered Funds LLC lifted its holdings in shares of Chevron by 5.4% in the first quarter. Empowered Funds LLC now owns 429,000 shares of the oil and gas company’s stock worth $67,670,000 after buying an additional 22,047 shares in the last quarter. Wintrust Investments LLC boosted its position in shares of Chevron by 1.6% in the first quarter. Wintrust Investments LLC now owns 10,066 shares of the oil and gas company’s stock valued at $1,588,000 after acquiring an additional 158 shares during the period. M&G Plc purchased a new position in Chevron during the first quarter valued at approximately $16,280,000. Finally, Prevail Innovative Wealth Advisors LLC increased its holdings in Chevron by 38.4% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 14,939 shares of the oil and gas company’s stock worth $2,356,000 after acquiring an additional 4,148 shares during the period. 72.42% of the stock is owned by institutional investors.

Chevron Trading Up 1.9 %

Shares of NYSE:CVX opened at $161.77 on Friday. The business has a 50-day moving average price of $148.51 and a 200-day moving average price of $152.65. The stock has a market cap of $290.72 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 3.57 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11.

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, beating the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The firm had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same period in the prior year, the company earned $3.05 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. Equities analysts predict that Chevron Co. will post 10.55 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.03%. Chevron’s payout ratio is 71.65%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Truist Financial boosted their price target on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Royal Bank of Canada upped their target price on Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company dropped their price target on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. Mizuho decreased their price objective on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.93.

Chevron Company 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.