83,660 Shares in Chevron Co. (NYSE:CVX) Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new stake in Chevron Co. (NYSE:CVX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 83,660 shares of the oil and gas company’s stock, valued at approximately $13,086,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new position in Chevron during the second quarter worth about $1,436,000. TFB Advisors LLC lifted its holdings in shares of Chevron by 10.5% during the 2nd quarter. TFB Advisors LLC now owns 3,145 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 298 shares during the period. Adero Partners LLC boosted its position in shares of Chevron by 5.2% in the second quarter. Adero Partners LLC now owns 4,790 shares of the oil and gas company’s stock worth $749,000 after acquiring an additional 238 shares during the last quarter. Grey Fox Wealth Advisors LLC grew its holdings in Chevron by 3.3% in the second quarter. Grey Fox Wealth Advisors LLC now owns 2,306 shares of the oil and gas company’s stock valued at $361,000 after purchasing an additional 74 shares during the period. Finally, Centerpoint Advisors LLC raised its stake in Chevron by 26.3% during the second quarter. Centerpoint Advisors LLC now owns 1,559 shares of the oil and gas company’s stock worth $244,000 after purchasing an additional 325 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Price Performance

CVX opened at $147.95 on Friday. The company has a market capitalization of $272.67 billion, a P/E ratio of 13.60, a PEG ratio of 2.46 and a beta of 1.10. The company has a 50-day moving average of $152.42 and a 200-day moving average of $155.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. Chevron Co. has a 1-year low of $139.62 and a 1-year high of $171.70.

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

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be given a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.41%. Chevron’s payout ratio is currently 59.98%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CVX. Wolfe Research started coverage on shares of Chevron in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Barclays cut their price objective on Chevron from $203.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Mizuho boosted their target price on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Royal Bank of Canada cut their price target 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. Finally, Sanford C. Bernstein downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $183.00 to $167.00 in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.