Chevron Co. (NYSE:CVX) Shares Bought by LGT Group Foundation

LGT Group Foundation boosted its stake in Chevron Co. (NYSE:CVX - Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,643 shares of the oil and gas company's stock after purchasing an additional 5,551 shares during the quarter. LGT Group Foundation's holdings in Chevron were worth $15,117,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CVX. American Capital Advisory LLC raised its position in shares of 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 buying an additional 125 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Chevron during the 4th quarter valued at about $30,000. Anfield Capital Management LLC raised its position in shares of Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company's stock valued at $34,000 after buying an additional 118 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Chevron during the 4th quarter valued at about $40,000. Finally, Clear Investment Research LLC raised its position in shares of Chevron by 264.9% during the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company's stock valued at $42,000 after buying an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Trading Up 1.3 %

CVX stock traded up $1.74 during mid-day trading on Monday, reaching $140.30. The company had a trading volume of 9,799,564 shares, compared to its average volume of 7,780,305. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. The firm has a 50 day moving average of $150.50 and a 200 day moving average of $155.16. Chevron Co. has a 12 month low of $137.87 and a 12 month high of $171.70. The company has a market capitalization of $256.60 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter in the prior year, the business posted $3.08 earnings per share. Chevron's revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts predict that Chevron Co. will post 11.86 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.65%. Chevron's dividend payout ratio is presently 59.98%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CVX shares. Scotiabank decreased their target price on shares of Chevron from $195.00 to $180.00 and set a "sector outperform" rating on the stock in a research report on Friday, July 12th. Mizuho increased their price objective on shares of Chevron from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Monday, May 13th. Sanford C. Bernstein lowered shares of Chevron from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Truist Financial reduced their price objective on shares of Chevron from $156.00 to $154.00 and set a "hold" rating on the stock in a research report on Monday, August 5th. Finally, Royal Bank of Canada reduced their price objective on shares of Chevron from $190.00 to $180.00 and set an "outperform" rating on the stock in a research report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $183.82.

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.