Angeles Investment Advisors LLC Acquires 82 Shares of Chevron Co. (NYSE:CVX)

Angeles Investment Advisors LLC boosted its stake in shares of Chevron Co. (NYSE:CVX) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,851 shares of the oil and gas company’s stock after buying an additional 82 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Chevron were worth $1,009,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rational Advisors LLC purchased a new stake in shares of Chevron in the third quarter worth about $29,000. Anfield Capital Management LLC lifted its holdings in shares of Chevron by 118.0% in 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. Cyrus J. Lawrence LLC raised its stake in Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in Chevron in the third quarter valued at approximately $47,000. Finally, Livelsberger Financial Advisory purchased a new stake in Chevron in the third quarter valued at approximately $47,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of Chevron stock traded up $0.03 during trading hours on Wednesday, reaching $155.32. 677,575 shares of the stock traded hands, compared to its average volume of 7,623,625. The company has a 50 day moving average price of $148.18 and a 200 day moving average price of $152.61. The firm has a market capitalization of $279.12 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 3.50 and a beta of 1.09. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. The business had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.05 EPS. On average, equities research analysts expect that Chevron Co. will post 10.59 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.20%. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CVX. 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 research note on Monday, September 16th. Scotiabank lowered 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. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Tuesday, November 5th. UBS Group increased their price target on shares of Chevron from $192.00 to $194.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Truist Financial increased their price target on shares of Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $174.93.

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.