Houlihan Financial Resource Group Ltd. Takes $661,000 Position in Chevron Co. (NYSE:CVX)

Houlihan Financial Resource Group Ltd. bought a new stake in shares of Chevron Co. (NYSE:CVXFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,246 shares of the oil and gas company’s stock, valued at approximately $661,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Windsor Advisory Group LLC boosted its position in shares of Chevron by 24.0% during the 3rd quarter. Windsor Advisory Group LLC now owns 3,720 shares of the oil and gas company’s stock valued at $627,000 after purchasing an additional 720 shares in the last quarter. Dechtman Wealth Management LLC bought a new position in Chevron in the second quarter worth approximately $648,000. Altrius Capital Management Inc boosted its holdings in Chevron by 2.1% in the third quarter. Altrius Capital Management Inc now owns 21,333 shares of the oil and gas company’s stock worth $3,597,000 after acquiring an additional 434 shares in the last quarter. Tsfg LLC boosted its holdings in Chevron by 5.3% in the third quarter. Tsfg LLC now owns 3,473 shares of the oil and gas company’s stock worth $586,000 after acquiring an additional 176 shares in the last quarter. Finally, Berkeley Capital Partners LLC boosted its holdings in Chevron by 13.1% in the second quarter. Berkeley Capital Partners LLC now owns 14,333 shares of the oil and gas company’s stock worth $2,255,000 after acquiring an additional 1,661 shares in the last quarter. Institutional investors own 68.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho cut their price target on Chevron from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, November 14th. TD Cowen lowered Chevron from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $170.00 to $150.00 in a report on Tuesday, January 23rd. Morgan Stanley cut their target price on Chevron from $203.00 to $201.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 17th. Sanford C. Bernstein raised Chevron from a “market perform” rating to an “outperform” rating and cut their target price for the company from $184.00 to $182.00 in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada lifted their target price on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.95.

View Our Latest Report on CVX

Chevron Price Performance

Shares of Chevron stock traded up $0.71 on Monday, reaching $151.75. The stock had a trading volume of 1,402,974 shares, compared to its average volume of 8,902,201. The business’s 50 day moving average is $147.87 and its two-hundred day moving average is $154.47. The company has a market cap of $286.47 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.81 and a beta of 1.13. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.12. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $173.51.

Chevron (NYSE:CVXGet Free Report) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. The business had revenue of $47.18 billion for the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. Chevron’s quarterly revenue was down 16.5% on a year-over-year basis. During the same period last year, the firm posted $4.09 earnings per share. As a group, research analysts anticipate that Chevron Co. will post 13.03 EPS for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 16th will be paid a dividend of $1.63 per share. The ex-dividend date is Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 4.30%. Chevron’s dividend payout ratio (DPR) is 53.17%.

Chevron Profile

(Free Report)

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

Featured Articles

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVXFree Report).

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.