Raab & Moskowitz Asset Management LLC Has $2.47 Million Position in Chevron Co. (NYSE:CVX)

Raab & Moskowitz Asset Management LLC lifted its stake in shares of Chevron Co. (NYSE:CVX) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 16,531 shares of the oil and gas company’s stock after buying an additional 368 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Chevron were worth $2,466,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CVX. Picton Mahoney Asset Management acquired a new position in Chevron during the third quarter worth $26,000. Valley Forge Investment Consultants Inc. ADV raised its holdings in Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after buying an additional 80 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in Chevron during the fourth quarter worth $33,000. Legacy Financial Group LLC bought a new stake in shares of Chevron in the 3rd quarter worth $43,000. Finally, Roble Belko & Company Inc grew its stake in shares of Chevron by 77.3% in the 4th quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 0.4 %

Shares of Chevron stock opened at $165.89 on Friday. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $171.70. The company’s 50-day moving average price is $156.58 and its 200-day moving average price is $151.73. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $308.10 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 2.44 and a beta of 1.12.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm had revenue of $48.72 billion for the quarter, compared to analysts’ expectations of $48.42 billion. During the same quarter last year, the firm posted $3.55 EPS. The company’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts expect that Chevron Co. will post 13.58 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 3.93%. Chevron’s payout ratio is presently 59.98%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. DZ Bank lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a research note on Tuesday, February 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Royal Bank of Canada upped their target price on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Jefferies Financial Group upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research note on Monday, January 8th. Finally, TD Cowen lowered shares of Chevron from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.75.

Insiders Place Their Bets

In other news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the sale, the vice president now owns 276 shares in the company, valued at approximately $44,184.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Chevron Company 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.