Kowal Investment Group LLC Grows Stake in Chevron Co. (NYSE:CVX)

Kowal Investment Group LLC increased its stake in Chevron Co. (NYSE:CVX) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,250 shares of the oil and gas company’s stock after buying an additional 309 shares during the quarter. Kowal Investment Group LLC’s holdings in Chevron were worth $1,760,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Capital Advisory LLC grew its holdings in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 125 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in shares of Chevron during the 4th quarter valued at approximately $30,000. Anfield Capital Management LLC grew its position in shares of Chevron by 118.0% during the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after buying an additional 118 shares in the last quarter. Cooksen Wealth LLC bought a new stake in shares of Chevron in the fourth quarter worth $40,000. Finally, Clear Investment Research LLC raised its holdings in Chevron by 264.9% in the fourth quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

CVX has been the subject of several recent analyst reports. Scotiabank decreased their price objective on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Truist Financial decreased their price target on Chevron from $156.00 to $154.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Barclays reduced their target price on Chevron from $203.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. UBS Group lowered their price target on Chevron from $192.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Mizuho reduced their price objective on Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.41.

Chevron Price Performance

Shares of NYSE:CVX opened at $145.68 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $148.06 and its two-hundred day moving average is $154.48. The firm has a market capitalization of $268.48 billion, a P/E ratio of 13.40, a PEG ratio of 2.48 and a beta of 1.09. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $171.70.

Chevron (NYSE:CVX) last posted its 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). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. During the same quarter in the prior year, the business earned $3.08 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Analysts anticipate that Chevron Co. will post 11.48 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 dividend on an annualized basis and a yield of 4.48%. Chevron’s dividend payout ratio is presently 59.98%.

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.