Evanson Asset Management LLC Has $2.61 Million Position in Chevron Co. (NYSE:CVX)

Evanson Asset Management LLC increased its stake in Chevron Co. (NYSE:CVX) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,480 shares of the oil and gas company’s stock after acquiring an additional 244 shares during the quarter. Evanson Asset Management LLC’s holdings in Chevron were worth $2,607,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Addison Capital Co grew its holdings in shares of Chevron by 1.9% during the second quarter. Addison Capital Co now owns 3,339 shares of the oil and gas company’s stock worth $525,000 after buying an additional 63 shares in the last quarter. NCM Capital Management LLC raised its holdings in Chevron by 1.2% in the 1st quarter. NCM Capital Management LLC now owns 5,570 shares of the oil and gas company’s stock valued at $909,000 after acquiring an additional 65 shares during the last quarter. Sweet Financial Partners LLC lifted its stake in Chevron by 0.7% in the 3rd quarter. Sweet Financial Partners LLC now owns 8,761 shares of the oil and gas company’s stock worth $1,477,000 after purchasing an additional 65 shares in the last quarter. Strategic Investment Advisors MI boosted its holdings in shares of Chevron by 3.8% during the 3rd quarter. Strategic Investment Advisors MI now owns 1,758 shares of the oil and gas company’s stock worth $296,000 after purchasing an additional 65 shares during the last quarter. Finally, Alera Investment Advisors LLC grew its position in shares of Chevron by 1.0% in the third quarter. Alera Investment Advisors LLC now owns 6,486 shares of the oil and gas company’s stock valued at $1,094,000 after purchasing an additional 67 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 0.9 %

Shares of CVX stock traded up $1.39 during trading on Thursday, reaching $157.74. The company’s stock had a trading volume of 8,232,104 shares, compared to its average volume of 8,778,653. The company has a market capitalization of $292.97 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 2.38 and a beta of 1.12. Chevron Co. has a 1-year low of $139.62 and a 1-year high of $172.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The stock’s 50-day moving average price is $151.60 and its 200 day moving average price is $152.67.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. The business had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company’s revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.09 earnings per share. On average, research analysts anticipate that Chevron Co. will post 13.04 EPS for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $1.63 per share. This is a boost from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Thursday, February 15th. Chevron’s payout ratio is 57.39%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CVX shares. DZ Bank lowered Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a research note on Tuesday, February 6th. UBS Group dropped their price objective on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Piper Sandler cut their price objective on shares of Chevron from $188.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Jefferies Financial Group upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a report on Monday, January 8th. Finally, Mizuho raised their price target on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.39.

Chevron 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.