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

OneDigital Investment Advisors LLC increased its stake in shares of Chevron Co. (NYSE:CVX) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,205 shares of the oil and gas company’s stock after buying an additional 138 shares during the period. OneDigital Investment Advisors LLC’s holdings in Chevron were worth $9,456,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CVX. Rational Advisors LLC bought a new position in Chevron during the third quarter worth about $29,000. Anfield Capital Management LLC lifted its position in 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 purchasing an additional 118 shares during the period. Cyrus J. Lawrence LLC grew its stake in Chevron by 66.7% during the second 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 bought a new position in Chevron in the 3rd quarter valued at about $47,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Chevron in the 3rd quarter valued at approximately $47,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Up 1.9 %

Shares of NYSE CVX opened at $161.77 on Friday. The company’s 50 day moving average price is $148.51 and its 200-day moving average price is $152.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. The company has a market capitalization of $290.72 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 3.57 and a beta of 1.09.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (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 for the quarter, compared to analyst estimates of $48.86 billion. During the same period in the previous year, the firm earned $3.05 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. Equities analysts forecast that Chevron Co. will post 10.55 earnings per share for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.03%. Chevron’s payout ratio is 71.65%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CVX. Bank of America initiated coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 price objective on the stock. Scotiabank reduced their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. UBS Group boosted their target price on Chevron from $192.00 to $194.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Truist Financial raised their price target on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada increased their price objective on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.93.

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.