Chevron Co. (NYSE:CVX) is Hudson Value Partners LLC’s 10th Largest Position

Hudson Value Partners LLC lifted its stake in shares of Chevron Co. (NYSE:CVX) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,679 shares of the oil and gas company’s stock after buying an additional 285 shares during the period. Chevron makes up approximately 2.4% of Hudson Value Partners LLC’s investment portfolio, making the stock its 10th biggest holding. Hudson Value Partners LLC’s holdings in Chevron were worth $5,737,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. American Capital Advisory LLC increased its holdings in Chevron by 403.2% in the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after buying an additional 125 shares during the period. Bare Financial Services Inc purchased a new stake in shares of Chevron in the 4th quarter valued at $27,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Chevron in the 4th quarter valued at $30,000. Cooksen Wealth LLC acquired a new stake in shares of Chevron in the fourth quarter worth $40,000. Finally, Clear Investment Research LLC raised its holdings in shares of Chevron by 264.9% during the fourth quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 204 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CVX. Sanford C. Bernstein lowered shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $183.00 to $167.00 in a report on Wednesday, July 17th. Mizuho upped their target price on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Royal Bank of Canada reduced their price target on Chevron from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Wolfe Research assumed coverage on Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Truist Financial dropped their price objective on shares of Chevron from $156.00 to $154.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.82.

Chevron Price Performance

Chevron stock traded up $0.45 during midday trading on Friday, reaching $147.87. The company had a trading volume of 6,414,178 shares, compared to its average volume of 7,744,871. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $171.70. The firm’s fifty day simple moving average is $152.42 and its 200-day simple moving average is $155.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. The company has a market capitalization of $272.52 billion, a P/E ratio of 13.60, a P/E/G ratio of 2.46 and a beta of 1.10.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.38). The firm had revenue of $51.18 billion for the quarter, compared to analysts’ expectations 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 firm posted $3.08 earnings per share. As a group, equities analysts anticipate that Chevron Co. will post 11.96 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.41%. Chevron’s dividend payout ratio is presently 59.98%.

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.