3,136 Shares in Chevron Co. (NYSE:CVX) Acquired by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC acquired a new position in shares of Chevron Co. (NYSE:CVX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,136 shares of the oil and gas company’s stock, valued at approximately $491,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Capital Management LLC lifted its stake in Chevron by 0.5% in the first quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company’s stock valued at $5,435,000 after buying an additional 163 shares in the last quarter. Lane & Associates LLC bought a new position in Chevron in the first quarter valued at approximately $345,000. KCM Investment Advisors LLC raised its holdings in shares of Chevron by 2.5% in the first quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock valued at $52,299,000 after purchasing an additional 8,168 shares during the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Chevron in the fourth quarter valued at approximately $46,000. Finally, Hosking Partners LLP acquired a new stake in shares of Chevron in the first quarter valued at approximately $4,924,000. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CVX. Royal Bank of Canada dropped their price target on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Wolfe Research began coverage on shares of Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Mizuho dropped their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. UBS Group dropped their price target on shares of Chevron from $192.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company dropped their price target on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.00.

Chevron Trading Up 1.2 %

CVX stock opened at $147.27 on Tuesday. 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 company’s 50-day simple moving average is $146.43 and its 200 day simple moving average is $154.25. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $170.17. The company has a market capitalization of $271.41 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.38). The business had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $3.08 earnings per share. As a group, sell-side analysts anticipate that Chevron Co. will post 11.02 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were paid 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 4.43%. Chevron’s payout ratio is 59.98%.

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.