Cooper Haims Advisors LLC Boosts Position in Chevron Co. (NYSE:CVX)

Cooper Haims Advisors LLC grew its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,369 shares of the oil and gas company’s stock after purchasing an additional 267 shares during the quarter. Chevron makes up about 0.8% of Cooper Haims Advisors LLC’s portfolio, making the stock its 18th biggest holding. Cooper Haims Advisors LLC’s holdings in Chevron were worth $1,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Windsor Advisory Group LLC raised its holdings in shares of Chevron by 24.0% during the 3rd quarter. Windsor Advisory Group LLC now owns 3,720 shares of the oil and gas company’s stock worth $627,000 after acquiring an additional 720 shares during the period. Dechtman Wealth Management LLC purchased a new position in shares of Chevron during the 2nd quarter worth $648,000. Altrius Capital Management Inc raised its holdings in shares of Chevron by 2.1% during the 3rd quarter. Altrius Capital Management Inc now owns 21,333 shares of the oil and gas company’s stock worth $3,597,000 after acquiring an additional 434 shares during the period. Tsfg LLC raised its holdings in shares of Chevron by 5.3% during the 3rd quarter. Tsfg LLC now owns 3,473 shares of the oil and gas company’s stock worth $586,000 after acquiring an additional 176 shares during the period. Finally, Berkeley Capital Partners LLC raised its holdings in shares of Chevron by 13.1% during the 2nd quarter. Berkeley Capital Partners LLC now owns 14,333 shares of the oil and gas company’s stock worth $2,255,000 after acquiring an additional 1,661 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CVX shares. Raymond James reduced their price objective on shares of Chevron from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. Scotiabank lowered shares of Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 price objective on the stock. in a report on Tuesday, January 16th. TD Cowen lowered shares of Chevron from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. DZ Bank lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a report on Tuesday, February 6th. Finally, Mizuho reduced their price target on shares of Chevron from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average price target of $180.95.

Read Our Latest Analysis on CVX

Chevron Stock Up 0.9 %

Shares of CVX stock traded up $1.36 during trading hours on Monday, reaching $152.40. 2,191,409 shares of the stock were exchanged, compared to its average volume of 8,929,029. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.97. The business’s fifty day moving average is $147.87 and its two-hundred day moving average is $154.47. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $173.51. The firm has a market capitalization of $287.69 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.81 and a beta of 1.13.

Chevron (NYSE:CVXGet Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company had revenue of $47.18 billion during the quarter, compared to the consensus estimate of $50.93 billion. During the same quarter last year, the company earned $4.09 earnings per share. Chevron’s quarterly revenue was down 16.5% compared to the same quarter last year. As a group, research analysts expect that Chevron Co. will post 13.03 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 16th will be given a $1.63 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.28%. This is a boost from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio (DPR) is currently 53.17%.

Chevron Company Profile

(Free Report)

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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