Chevron Co. (NYSE:CVX) Stock Holdings Lifted by Inlet Private Wealth LLC

Inlet Private Wealth LLC raised its position in shares of Chevron Co. (NYSE:CVX) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,748 shares of the oil and gas company’s stock after purchasing an additional 910 shares during the period. Inlet Private Wealth LLC’s holdings in Chevron were worth $2,150,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of Chevron by 4.9% in the 4th quarter. International Assets Investment Management LLC now owns 21,470 shares of the oil and gas company’s stock valued at $3,202,000 after purchasing an additional 1,005 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chevron in the fourth quarter worth about $83,000. North Star Asset Management Inc. boosted its stake in shares of Chevron by 1.4% during the 4th quarter. North Star Asset Management Inc. now owns 12,280 shares of the oil and gas company’s stock worth $1,832,000 after acquiring an additional 174 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in shares of Chevron by 796.5% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 15,599 shares of the oil and gas company’s stock valued at $2,327,000 after acquiring an additional 13,859 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. raised its stake in shares of Chevron by 41.9% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 2,425 shares of the oil and gas company’s stock valued at $362,000 after acquiring an additional 716 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 0.1 %

Chevron stock traded up $0.20 during midday trading on Thursday, hitting $145.52. 3,156,527 shares of the stock were exchanged, compared to its average volume of 7,827,585. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $266.14 billion, a PE ratio of 13.42, a P/E/G ratio of 2.46 and a beta of 1.10. The company has a fifty day simple moving average of $153.21 and a two-hundred day simple moving average of $155.89.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. During the same quarter in the prior year, the firm posted $3.08 earnings per share. Chevron’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Chevron Co. will post 11.96 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Monday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 59.98%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CVX shares. Barclays lowered their price target on Chevron from $203.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Scotiabank lowered their target price on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada dropped their target price on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Sanford C. Bernstein cut shares of Chevron from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $183.00 to $167.00 in a report on Wednesday, July 17th. Finally, TD Cowen lifted their price objective on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus price target of $183.82.

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.