Altrius Capital Management Inc Boosts Stock Holdings in Chevron Co. (NYSE:CVX)

Altrius Capital Management Inc boosted its stake in shares of Chevron Co. (NYSE:CVX) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,880 shares of the oil and gas company’s stock after purchasing an additional 3,688 shares during the period. Altrius Capital Management Inc’s holdings in Chevron were worth $4,695,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rational Advisors LLC purchased a new position in shares of Chevron in the 3rd quarter valued at $29,000. Anfield Capital Management LLC raised its stake in shares of Chevron by 118.0% in the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 118 shares during the period. Cyrus J. Lawrence LLC raised its stake in shares of Chevron by 66.7% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Krane Funds Advisors LLC purchased a new position in shares of Chevron in the 3rd quarter valued at $47,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Chevron in the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 0.2 %

CVX stock traded up $0.34 during mid-day trading on Friday, hitting $162.14. 1,507,085 shares of the company were exchanged, compared to its average volume of 7,643,974. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The firm has a fifty day simple moving average of $148.93 and a 200 day simple moving average of $152.71. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $291.38 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 3.57 and a beta of 1.09.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. During the same period in the previous year, the business posted $3.05 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts forecast that Chevron Co. will post 10.55 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Monday, November 18th. Chevron’s payout ratio is 71.65%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CVX. Wells Fargo & Company cut their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, September 27th. Scotiabank cut their target price on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wolfe Research assumed coverage on shares of Chevron in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada lifted their price target on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Mizuho dropped their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.93.

About Chevron

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.