First Personal Financial Services Raises Holdings in Chevron Co. (NYSE:CVX)

First Personal Financial Services grew its holdings in Chevron Co. (NYSE:CVX) by 2.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,906 shares of the oil and gas company’s stock after acquiring an additional 82 shares during the period. First Personal Financial Services’ holdings in Chevron were worth $428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CVX. Field & Main Bank increased its position in Chevron by 1.0% during the 3rd quarter. Field & Main Bank now owns 18,871 shares of the oil and gas company’s stock valued at $2,779,000 after buying an additional 195 shares in the last quarter. Objective Capital Management LLC bought a new stake in Chevron during the third quarter valued at approximately $353,000. Tompkins Financial Corp raised its position in Chevron by 97.2% in the third quarter. Tompkins Financial Corp now owns 20,510 shares of the oil and gas company’s stock worth $3,021,000 after acquiring an additional 10,108 shares during the period. TCTC Holdings LLC raised its position in Chevron by 4.7% in the third quarter. TCTC Holdings LLC now owns 48,990 shares of the oil and gas company’s stock worth $7,215,000 after acquiring an additional 2,190 shares during the period. Finally, Klingman & Associates LLC increased its stake in shares of Chevron by 52.8% in the third quarter. Klingman & Associates LLC now owns 6,101 shares of the oil and gas company’s stock worth $898,000 after purchasing an additional 2,108 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CVX shares. Wolfe Research started coverage on shares of Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. UBS Group raised their target price on shares of Chevron from $192.00 to $194.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays raised their target price on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company lowered their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Finally, Bank of America initiated coverage on shares of Chevron in a report on Thursday, October 17th. They issued a “buy” rating and a $168.00 target price for the company. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.93.

Chevron Price Performance

Shares of NYSE CVX opened at $156.93 on Friday. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. 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 has a market cap of $287.01 billion, a PE ratio of 17.25, a P/E/G ratio of 3.53 and a beta of 1.09. The business has a 50-day simple moving average of $147.80 and a two-hundred day simple moving average of $152.89.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.07%. Chevron’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $3.05 EPS. As a group, equities analysts expect that Chevron Co. will post 10.59 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.15%. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

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.