White Lighthouse Investment Management Inc. Takes $223,000 Position in Chevron Co. (NYSE:CVX)

White Lighthouse Investment Management Inc. acquired a new stake in shares of Chevron Co. (NYSE:CVX) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,514 shares of the oil and gas company’s stock, valued at approximately $223,000.

Other large investors have also added to or reduced their stakes in the company. Rational Advisors LLC purchased a new position in Chevron in the 3rd quarter worth about $29,000. Anfield Capital Management LLC boosted its holdings in shares of Chevron by 118.0% in the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after buying an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC grew its position in shares of Chevron by 66.7% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Livelsberger Financial Advisory purchased a new position in shares of Chevron during the 3rd quarter valued at about $47,000. Finally, Krane Funds Advisors LLC purchased a new stake in Chevron in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CVX shares. Royal Bank of Canada boosted their target price on Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday. Wolfe Research initiated coverage on shares of Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Barclays upped their price target on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group boosted their target price on shares of Chevron from $192.00 to $194.00 and gave the stock a “buy” rating in a report on Monday. Finally, Bank of America initiated coverage on shares of Chevron in a report on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target for the company. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus price target of $174.93.

Chevron Trading Up 2.3 %

CVX traded up $3.55 on Wednesday, reaching $156.96. 818,676 shares of the company traded hands, compared to its average volume of 7,616,659. 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 company has a market cap of $287.07 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 3.43 and a beta of 1.09. The firm has a fifty day simple moving average of $147.20 and a two-hundred day simple moving average of $152.86. Chevron Co. has a one year low of $135.37 and a one year high of $167.11.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.07% and a net margin of 8.44%. The company had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. During the same period last year, the business posted $3.05 EPS. Chevron’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts expect that Chevron Co. will post 10.65 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.15%. The ex-dividend date is Monday, November 18th. Chevron’s payout ratio is 71.65%.

Chevron 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.