HF Advisory Group LLC Has $639,000 Stock Holdings in Chevron Co. (NYSE:CVX)

HF Advisory Group LLC grew its position in Chevron Co. (NYSE:CVX) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,342 shares of the oil and gas company’s stock after buying an additional 380 shares during the period. HF Advisory Group LLC’s holdings in Chevron were worth $639,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. bought a new position in shares of Chevron in the first quarter valued at $566,000. Stack Financial Management Inc increased its stake in shares of Chevron by 31.2% during the 1st quarter. Stack Financial Management Inc now owns 283,936 shares of the oil and gas company’s stock worth $44,788,000 after purchasing an additional 67,550 shares during the last quarter. Graypoint LLC raised its holdings in shares of Chevron by 11.0% in the 1st quarter. Graypoint LLC now owns 29,007 shares of the oil and gas company’s stock valued at $4,576,000 after purchasing an additional 2,880 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Chevron by 5.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 249,039 shares of the oil and gas company’s stock valued at $39,283,000 after purchasing an additional 12,126 shares during the period. Finally, Wright Investors Service Inc. lifted its stake in Chevron by 0.5% in the 1st quarter. Wright Investors Service Inc. now owns 22,695 shares of the oil and gas company’s stock valued at $3,580,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CVX. Mizuho lowered their price objective on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Tuesday. 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. Bank of America assumed coverage on Chevron in a research report on Thursday, October 17th. They set a “buy” rating and a $168.00 price objective for the company. Finally, Royal Bank of Canada upped their target price on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Monday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.93.

Chevron Price Performance

CVX opened at $153.42 on Wednesday. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The firm has a 50-day moving average of $147.20 and a 200 day moving average of $152.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The firm has a market cap of $280.59 billion, a P/E ratio of 16.86, a PEG ratio of 3.39 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, topping the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.07%. The company had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. During the same quarter last year, the business posted $3.05 EPS. Chevron’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, research analysts expect that Chevron Co. will post 10.7 EPS for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. 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 4.25%. Chevron’s dividend payout ratio is presently 71.65%.

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.