Integris Wealth Management LLC Purchases 90 Shares of Chevron Co. (NYSE:CVX)

Integris Wealth Management LLC lifted its position in Chevron Co. (NYSE:CVX) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,618 shares of the oil and gas company’s stock after purchasing an additional 90 shares during the quarter. Integris Wealth Management LLC’s holdings in Chevron were worth $827,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Eagle Capital Management LLC increased its holdings in shares of 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 worth $5,435,000 after purchasing an additional 163 shares during the period. Lane & Associates LLC purchased a new position in Chevron in the first quarter worth $345,000. KCM Investment Advisors LLC grew its position in 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 worth $52,299,000 after acquiring an additional 8,168 shares in the last quarter. Hosking Partners LLP purchased a new position in Chevron in the first quarter worth $4,924,000. Finally, Garner Asset Management Corp grew its position in Chevron by 14.5% in the second quarter. Garner Asset Management Corp now owns 19,997 shares of the oil and gas company’s stock worth $3,128,000 after acquiring an additional 2,530 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.3 %

Shares of NYSE CVX traded down $0.45 on Friday, reaching $150.75. 5,208,202 shares of the company’s stock traded hands, compared to its average volume of 7,706,832. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $170.17. The business’s 50 day simple moving average is $146.07 and its two-hundred day simple moving average is $153.71. The company has a market cap of $277.83 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business had revenue of $51.18 billion for the quarter, compared to the consensus estimate of $48.68 billion. During the same period in the prior year, the business posted $3.08 EPS. Chevron’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Chevron Co. will post 11.06 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend was Monday, August 19th. Chevron’s payout ratio is 59.98%.

Analysts Set New Price Targets

Several analysts have issued reports on CVX shares. UBS Group upped their price target on shares of Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Bank of America assumed coverage on shares of Chevron in a report on Thursday. They set a “buy” rating and a $168.00 target price for the company. Sanford C. Bernstein lowered shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Truist Financial dropped their target price on shares of Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Wolfe Research assumed coverage on shares of Chevron in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.07.

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.