Integrated Investment Consultants LLC Has $3.47 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Integrated Investment Consultants LLC grew its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 295.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,543 shares of the oil and gas company's stock after buying an additional 17,593 shares during the quarter. Integrated Investment Consultants LLC's holdings in Chevron were worth $3,467,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CVX. Ameriprise Financial Inc. lifted its stake in Chevron by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 17,111,051 shares of the oil and gas company's stock worth $2,676,957,000 after purchasing an additional 501,969 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Chevron by 4.9% in the 2nd quarter. Legal & General Group Plc now owns 13,570,971 shares of the oil and gas company's stock valued at $2,122,772,000 after buying an additional 629,644 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Chevron by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,021,023 shares of the oil and gas company's stock valued at $2,036,846,000 after buying an additional 126,889 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Chevron by 55.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,537,859 shares of the oil and gas company's stock worth $1,335,492,000 after acquiring an additional 3,048,819 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Chevron by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,288,013 shares of the oil and gas company's stock worth $827,151,000 after buying an additional 68,548 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Price Performance

Shares of NYSE CVX traded up $0.25 during mid-day trading on Thursday, reaching $161.58. The company had a trading volume of 5,911,960 shares, compared to its average volume of 7,652,934. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The stock has a market cap of $290.37 billion, a PE ratio of 17.76, a P/E/G ratio of 3.59 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $150.70 and a two-hundred day moving average price of $152.63.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The company had revenue of $50.67 billion during the quarter, compared to analysts' expectations of $48.86 billion. During the same period last year, the company posted $3.05 earnings per share. The business's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts anticipate that Chevron Co. will post 10.55 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Monday, November 18th. Chevron's dividend payout ratio (DPR) is currently 71.65%.

Insider Activity

In other news, CEO Michael K. Wirth sold 164,600 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CVX shares. Mizuho dropped their price objective 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. Bank of America initiated coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a "buy" rating and a $168.00 price target on the stock. Scotiabank reduced their price objective on Chevron from $180.00 to $163.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company lowered their target price on Chevron from $196.00 to $169.00 and set an "overweight" rating on the stock in a research report on Friday, September 27th. Finally, Truist Financial boosted their price target on Chevron from $150.00 to $155.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Four 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, the stock presently has a consensus rating of "Moderate Buy" and an average 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.