Foundations Investment Advisors LLC boosted its stake in Chevron Co. (NYSE:CVX) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,651 shares of the oil and gas company’s stock after acquiring an additional 300 shares during the period. Foundations Investment Advisors LLC’s holdings in Chevron were worth $499,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of CVX. Sailer Financial LLC acquired a new stake in shares of Chevron during the fourth quarter worth $25,000. Filbrandt Wealth Management LLC acquired a new stake in shares of Chevron during the fourth quarter worth $25,000. Corbenic Partners LLC raised its holdings in shares of Chevron by 276.0% during the first quarter. Corbenic Partners LLC now owns 361 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 265 shares during the period. Advocacy Wealth Management Services LLC raised its holdings in shares of Chevron by 84.2% during the first quarter. Advocacy Wealth Management Services LLC now owns 396 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 181 shares during the period. Finally, PARK CIRCLE Co acquired a new stake in shares of Chevron during the first quarter worth $36,000. 64.86% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:CVX opened at $86.35 on Thursday. Chevron Co. has a twelve month low of $51.60 and a twelve month high of $127.00. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $91.88 and a 200-day moving average of $96.15. The firm has a market cap of $161.14 billion, a price-to-earnings ratio of 42.12, a price-to-earnings-growth ratio of 63.93 and a beta of 1.29.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th were given a dividend of $1.29 per share. The ex-dividend date was Monday, May 18th. This represents a $5.16 annualized dividend and a dividend yield of 5.98%. Chevron’s dividend payout ratio (DPR) is 82.30%.
A number of analysts have weighed in on CVX shares. Mizuho dropped their target price on shares of Chevron from $140.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. upped their price target on shares of Chevron from $103.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Morgan Stanley restated a “buy” rating and set a $103.00 price target on shares of Chevron in a research report on Friday, June 12th. Wells Fargo & Co upped their price target on shares of Chevron from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group lowered shares of Chevron from a “buy” rating to a “neutral” rating and set a $95.00 price target for the company. in a research report on Tuesday, May 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. Chevron presently has an average rating of “Buy” and a consensus target price of $112.55.
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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