Capital Advisors Ltd. LLC Buys 171 Shares of Chevron Co. (NYSE:CVX)

Capital Advisors Ltd. LLC raised its stake in shares of Chevron Co. (NYSE:CVX) by 10.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,784 shares of the oil and gas company’s stock after purchasing an additional 171 shares during the period. Capital Advisors Ltd. LLC’s holdings in Chevron were worth $263,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CVX. Anfield Capital Management LLC grew its holdings in Chevron by 118.0% during the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 118 shares during the period. Cyrus J. Lawrence LLC grew its holdings in Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 100 shares during the period. Krane Funds Advisors LLC bought a new stake in Chevron during the third quarter valued at about $47,000. Livelsberger Financial Advisory bought a new stake in Chevron during the third quarter valued at about $47,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Chevron during the first quarter valued at about $55,000. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

NYSE:CVX opened at $150.81 on Monday. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average is $146.59 and its 200 day moving average is $153.23. The company has a market capitalization of $277.94 billion, a P/E ratio of 13.87, a P/E/G ratio of 3.30 and a beta of 1.09.

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 analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The company had revenue of $51.18 billion for the quarter, compared to analysts’ expectations of $48.68 billion. During the same quarter last year, the company earned $3.08 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Chevron Co. will post 10.86 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.32%. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CVX. UBS Group boosted their price objective on Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Barclays lowered their price objective on Chevron from $185.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $183.00 to $167.00 in a research report on Wednesday, July 17th. Truist Financial lowered their price objective on Chevron from $154.00 to $150.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Wells Fargo & Company lowered their price objective on Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, September 27th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.07.

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.