Great West Life Assurance Co. Can Increases Holdings in Chevron Co. (NYSE:CVX)

Great West Life Assurance Co. Can boosted its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,035,138 shares of the oil and gas company’s stock after purchasing an additional 24,977 shares during the period. Great West Life Assurance Co. Can owned about 0.06% of Chevron worth $163,701,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. LWM Advisory Services LLC increased its position in shares of Chevron by 2.3% during the first quarter. LWM Advisory Services LLC now owns 2,803 shares of the oil and gas company’s stock worth $460,000 after purchasing an additional 64 shares in the last quarter. CIC Wealth LLC increased its position in shares of Chevron by 0.4% during the first quarter. CIC Wealth LLC now owns 14,755 shares of the oil and gas company’s stock worth $2,407,000 after purchasing an additional 65 shares in the last quarter. NCM Capital Management LLC increased its position in shares of Chevron by 1.2% during the first quarter. NCM Capital Management LLC now owns 5,570 shares of the oil and gas company’s stock worth $909,000 after purchasing an additional 65 shares in the last quarter. Strong Tower Advisory Services grew its holdings in shares of Chevron by 0.9% during the second quarter. Strong Tower Advisory Services now owns 7,569 shares of the oil and gas company’s stock valued at $1,191,000 after buying an additional 65 shares during the last quarter. Finally, Horizon Bancorp Inc. IN grew its holdings in shares of Chevron by 10.8% during the first quarter. Horizon Bancorp Inc. IN now owns 678 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Chevron Price Performance

Shares of CVX stock traded up $2.69 during mid-day trading on Friday, hitting $144.46. 11,077,904 shares of the stock were exchanged, compared to its average volume of 12,759,151. The firm has a fifty day moving average of $158.68 and a 200 day moving average of $158.21. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Chevron Co. has a 52-week low of $140.74 and a 52-week high of $187.81. The company has a market cap of $272.70 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.73 and a beta of 1.16.

Chevron (NYSE:CVXGet Free Report) last posted its earnings results on Friday, October 27th. The oil and gas company reported $3.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.65). Chevron had a return on equity of 16.15% and a net margin of 12.11%. The firm had revenue of $54.08 billion for the quarter, compared to analysts’ expectations of $51.41 billion. During the same period in the previous year, the company earned $5.56 earnings per share. The company’s revenue was down 18.9% compared to the same quarter last year. Research analysts anticipate that Chevron Co. will post 13.59 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $6.04 annualized dividend and a dividend yield of 4.18%. Chevron’s dividend payout ratio (DPR) is presently 44.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Chevron from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $166.00 to $187.00 in a report on Monday, July 31st. Truist Financial dropped their price objective on shares of Chevron from $175.00 to $169.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. UBS Group boosted their price objective on shares of Chevron from $209.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. Bank of America raised shares of Chevron from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $190.00 to $200.00 in a report on Monday, October 30th. Finally, BNP Paribas raised shares of Chevron from a “neutral” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Thursday, October 12th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.89.

View Our Latest Stock Analysis on CVX

Chevron Profile

(Free Report)

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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