GM Advisory Group LLC Purchases 104 Shares of Chevron Co. (NYSE:CVX)

GM Advisory Group LLC increased its position in shares of Chevron Co. (NYSE:CVX) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 20,961 shares of the oil and gas company’s stock after purchasing an additional 104 shares during the period. GM Advisory Group LLC’s holdings in Chevron were worth $3,279,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc increased its holdings in shares of Chevron by 14.4% during the fourth quarter. Berkshire Hathaway Inc now owns 126,093,326 shares of the oil and gas company’s stock worth $18,808,081,000 after buying an additional 15,845,037 shares in the last quarter. Capital World Investors increased its holdings in Chevron by 43.5% during the 4th quarter. Capital World Investors now owns 15,513,887 shares of the oil and gas company’s stock valued at $2,314,070,000 after purchasing an additional 4,700,289 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Chevron by 55.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,537,859 shares of the oil and gas company’s stock valued at $1,335,492,000 after purchasing an additional 3,048,819 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Chevron by 68,604.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,207,817 shares of the oil and gas company’s stock worth $180,158,000 after purchasing an additional 1,206,059 shares in the last quarter. Finally, Wulff Hansen & CO. grew its holdings in shares of Chevron by 15,542.0% during the second quarter. Wulff Hansen & CO. now owns 1,175,653 shares of the oil and gas company’s stock worth $183,896,000 after purchasing an additional 1,168,137 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Trading Up 0.7 %

NYSE:CVX opened at $144.98 on Friday. The firm has a market capitalization of $267.19 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.48 and a beta of 1.09. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $171.70. The business’s 50-day moving average price is $148.26 and its two-hundred day moving average price is $154.47. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

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 firm had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. During the same quarter in the prior year, the business earned $3.08 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Chevron Co. will post 11.48 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Monday, August 19th. Chevron’s dividend payout ratio (DPR) is 59.98%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group cut their price target on Chevron from $192.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday. Barclays dropped their target price on shares of Chevron from $203.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Scotiabank decreased their price target on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Wolfe Research assumed coverage on shares of Chevron in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $183.00 to $167.00 in a research report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average price target of $182.41.

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.