Chevron Co. (NYSE:CVX) Shares Acquired by McAdam LLC

McAdam LLC boosted its position in shares of Chevron Co. (NYSE:CVX) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,672 shares of the oil and gas company’s stock after purchasing an additional 68 shares during the quarter. McAdam LLC’s holdings in Chevron were worth $541,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Monte Financial Group LLC boosted its position in Chevron by 12.0% during the third quarter. Monte Financial Group LLC now owns 39,962 shares of the oil and gas company’s stock worth $5,885,000 after purchasing an additional 4,280 shares in the last quarter. Courier Capital LLC boosted its position in Chevron by 3.1% during the third quarter. Courier Capital LLC now owns 64,989 shares of the oil and gas company’s stock worth $9,571,000 after purchasing an additional 1,969 shares in the last quarter. TFG Advisers LLC lifted its position in shares of Chevron by 3.1% in the third quarter. TFG Advisers LLC now owns 20,967 shares of the oil and gas company’s stock valued at $3,088,000 after acquiring an additional 626 shares in the last quarter. Spring Capital Management LLC lifted its position in shares of Chevron by 1.0% in the third quarter. Spring Capital Management LLC now owns 31,628 shares of the oil and gas company’s stock valued at $4,658,000 after acquiring an additional 307 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of Chevron by 3.1% in the third quarter. Greenleaf Trust now owns 60,285 shares of the oil and gas company’s stock valued at $8,878,000 after acquiring an additional 1,830 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Trading Down 0.0 %

Shares of CVX opened at $150.46 on Friday. The company has a market capitalization of $275.18 billion, a P/E ratio of 14.90, a P/E/G ratio of 3.30 and a beta of 1.09. Chevron Co. has a one year low of $135.37 and a one year 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 stock has a 50-day moving average price of $146.44 and a 200 day moving average price of $153.45.

Chevron (NYSE:CVX) last announced its quarterly 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). The company had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.08 earnings per share. Sell-side analysts forecast that Chevron Co. will post 10.86 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given 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 was Monday, August 19th. Chevron’s payout ratio is 64.55%.

Analysts Set New Price Targets

CVX has been the subject of several analyst reports. Bank of America initiated coverage on Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $170.00 target price on shares of Chevron in a research note on Tuesday, October 8th. Wells Fargo & Company dropped their target price on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. Finally, UBS Group upped their price target on Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.07.

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.