Chevron Co. (NYSE:CVX) Stock Position Raised by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC lifted its position in shares of Chevron Co. (NYSE:CVX) by 10.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,532 shares of the oil and gas company’s stock after acquiring an additional 445 shares during the period. Sloy Dahl & Holst LLC’s holdings in Chevron were worth $667,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC raised its holdings in Chevron by 0.5% during the first quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company’s stock valued at $5,435,000 after buying an additional 163 shares in the last quarter. Lane & Associates LLC bought a new stake in Chevron during the first quarter worth about $345,000. KCM Investment Advisors LLC lifted its position in Chevron by 2.5% during the 1st quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company’s stock worth $52,299,000 after buying an additional 8,168 shares in the last quarter. Hosking Partners LLP bought a new stake in shares of Chevron during the first quarter valued at approximately $4,924,000. Finally, Garner Asset Management Corp increased its stake in shares of Chevron by 14.5% in the 2nd quarter. Garner Asset Management Corp now owns 19,997 shares of the oil and gas company’s stock valued at $3,128,000 after buying an additional 2,530 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.7 %

Shares of CVX stock traded down $1.11 on Friday, hitting $150.09. The stock had a trading volume of 1,167,813 shares, compared to its average volume of 7,685,571. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market cap of $274.50 billion, a PE ratio of 14.97, a P/E/G ratio of 2.74 and a beta of 1.09. The business has a 50 day moving average price of $145.96 and a 200 day moving average price of $153.76. Chevron Co. has a one year low of $135.37 and a one year high of $170.17.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The firm had revenue of $51.18 billion during the quarter, compared to analysts’ expectations of $48.68 billion. During the same period in the prior year, the firm posted $3.08 earnings per share. Chevron’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts anticipate that Chevron Co. will post 11.06 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.34%. Chevron’s dividend payout ratio (DPR) is presently 64.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CVX shares. Mizuho lowered their target price on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. UBS Group increased their target price on shares of Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America initiated coverage on Chevron in a research note on Thursday. They issued a “buy” rating and a $168.00 price target for the company. Truist Financial reduced their target price on shares of Chevron from $154.00 to $150.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Wolfe Research began coverage on shares of Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.