Chevron Co. (NYSE:CVX) Stake Boosted by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its stake in shares of Chevron Co. (NYSE:CVX) by 48.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,977 shares of the oil and gas company’s stock after buying an additional 2,941 shares during the period. V Square Quantitative Management LLC’s holdings in Chevron were worth $1,322,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Anfield Capital Management LLC grew its position in Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. Cyrus J. Lawrence LLC grew its holdings in shares of Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in Chevron during the third quarter valued at $47,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Chevron in the 1st quarter worth about $55,000. Finally, Richardson Capital Management LLC acquired a new stake in Chevron during the 1st quarter worth about $58,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CVX. Mizuho decreased their price target 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. Wolfe Research assumed coverage on shares of Chevron in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company dropped their target price on Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, September 27th. Bank of America began coverage on Chevron in a research note on Thursday. They set a “buy” rating and a $168.00 price target for the company. Finally, Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target of $173.07.

Chevron Stock Performance

Chevron stock traded down $0.69 on Friday, reaching $150.51. 697,651 shares of the stock were exchanged, compared to its average volume of 7,684,512. 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 Co. has a twelve month low of $135.37 and a twelve month high of $170.17. The firm has a fifty day moving average price of $145.96 and a two-hundred day moving average price of $153.76. The stock has a market cap of $275.27 billion, a PE ratio of 14.97, a PEG ratio of 2.74 and a beta of 1.09.

Chevron (NYSE:CVX) last posted its quarterly earnings data 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). 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.08 EPS. Sell-side analysts anticipate that Chevron Co. will post 11.06 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.33%. Chevron’s dividend payout ratio is 64.55%.

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.