Chevron Co. (NYSE:CVX) is Schulhoff & Co. Inc.’s 10th Largest Position

Schulhoff & Co. Inc. grew its position in shares of Chevron Co. (NYSE:CVX) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,752 shares of the oil and gas company’s stock after acquiring an additional 236 shares during the quarter. Chevron comprises 2.3% of Schulhoff & Co. Inc.’s portfolio, making the stock its 10th biggest position. Schulhoff & Co. Inc.’s holdings in Chevron were worth $5,412,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Chevron during the 1st quarter valued at about $566,000. Empowered Funds LLC lifted its position in shares of Chevron by 5.4% during the first quarter. Empowered Funds LLC now owns 429,000 shares of the oil and gas company’s stock worth $67,670,000 after purchasing an additional 22,047 shares in the last quarter. Leo Wealth LLC lifted its position in shares of Chevron by 22.5% during the first quarter. Leo Wealth LLC now owns 8,759 shares of the oil and gas company’s stock worth $1,390,000 after purchasing an additional 1,609 shares in the last quarter. ProVise Management Group LLC boosted its stake in shares of Chevron by 2.3% in the first quarter. ProVise Management Group LLC now owns 47,754 shares of the oil and gas company’s stock valued at $7,533,000 after purchasing an additional 1,090 shares during the period. Finally, Brighton Jones LLC grew its holdings in Chevron by 3.4% during the 1st quarter. Brighton Jones LLC now owns 23,091 shares of the oil and gas company’s stock valued at $3,642,000 after purchasing an additional 765 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of Chevron from $192.00 to $194.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Mizuho reduced their price target on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Scotiabank dropped their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Bank of America initiated coverage on Chevron in a research report on Thursday, October 17th. They issued a “buy” rating and a $168.00 target price on the stock. Finally, DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus price target of $174.93.

Chevron Stock Up 0.6 %

Shares of NYSE:CVX opened at $159.75 on Thursday. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company’s fifty day moving average is $148.51 and its two-hundred day moving average 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. The stock has a market capitalization of $287.09 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 3.49 and a beta of 1.09.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share 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 13.15%. The firm had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. During the same quarter in the prior year, the business earned $3.05 earnings per share. Chevron’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts anticipate that Chevron Co. will post 10.55 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Monday, November 18th. Chevron’s dividend payout ratio (DPR) is 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.