Chevron Co. (NYSE:CVX) Shares Bought by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group increased its position in shares of Chevron Co. (NYSE:CVX) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,396 shares of the oil and gas company’s stock after purchasing an additional 1,022 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Chevron were worth $1,470,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CVX. Beaird Harris Wealth Management LLC lifted its holdings in Chevron by 26.8% in the second quarter. Beaird Harris Wealth Management LLC now owns 5,454 shares of the oil and gas company’s stock valued at $853,000 after acquiring an additional 1,154 shares during the period. Smith Thornton Advisors LLC purchased a new position in shares of Chevron in the 2nd quarter valued at about $602,000. Scientech Research LLC lifted its stake in shares of Chevron by 132.3% in the second quarter. Scientech Research LLC now owns 5,003 shares of the oil and gas company’s stock valued at $783,000 after purchasing an additional 2,849 shares during the period. Legal & General Group Plc boosted its holdings in Chevron by 4.9% during the second quarter. Legal & General Group Plc now owns 13,570,971 shares of the oil and gas company’s stock worth $2,122,772,000 after buying an additional 629,644 shares in the last quarter. Finally, Marathon Capital Management grew its position in Chevron by 0.8% during the second quarter. Marathon Capital Management now owns 63,513 shares of the oil and gas company’s stock worth $9,935,000 after buying an additional 481 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of NYSE:CVX opened at $145.51 on Friday. The firm has a market capitalization of $266.13 billion, a PE ratio of 13.39, a P/E/G ratio of 2.68 and a beta of 1.09. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $171.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. The business has a 50-day moving average of $146.63 and a two-hundred day moving average of $154.29.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $48.68 billion. During the same quarter in the prior year, the company posted $3.08 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Chevron Co. will post 11.02 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.48%. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Mizuho dropped their price target on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. Wells Fargo & Company cut their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday. Wolfe Research started coverage on shares of Chevron in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Truist Financial lowered their price target on shares of Chevron from $156.00 to $154.00 and set a “hold” rating for the company in a report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.24.

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.