Vest Financial LLC Has $44.86 Million Holdings in Chevron Co. (NYSE:CVX)

Vest Financial LLC grew its stake in Chevron Co. (NYSE:CVX - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,785 shares of the oil and gas company's stock after purchasing an additional 11,986 shares during the period. Chevron makes up approximately 1.1% of Vest Financial LLC's holdings, making the stock its 26th largest holding. Vest Financial LLC's holdings in Chevron were worth $44,859,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Private Wealth Partners LLC grew its stake in shares of Chevron by 3.8% in the 2nd quarter. Private Wealth Partners LLC now owns 210,314 shares of the oil and gas company's stock valued at $32,897,000 after purchasing an additional 7,779 shares during the period. Trueblood Wealth Management LLC grew its position in Chevron by 1.3% during the 2nd quarter. Trueblood Wealth Management LLC now owns 17,720 shares of the oil and gas company's stock worth $2,772,000 after acquiring an additional 232 shares during the last quarter. Wambolt & Associates LLC grew its position in Chevron by 6.4% during the 2nd quarter. Wambolt & Associates LLC now owns 11,011 shares of the oil and gas company's stock worth $1,723,000 after acquiring an additional 660 shares during the last quarter. Idaho Trust Bank bought a new stake in Chevron during the 2nd quarter worth approximately $343,000. Finally, Investment Partners LTD. grew its position in Chevron by 2.8% during the 2nd quarter. Investment Partners LTD. now owns 8,150 shares of the oil and gas company's stock worth $1,275,000 after acquiring an additional 223 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CVX. Wolfe Research began coverage on Chevron in a research report on Thursday, July 18th. They set a "peer perform" rating on the stock. Scotiabank decreased their price target on Chevron from $195.00 to $180.00 and set a "sector outperform" rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada decreased their price target on Chevron from $190.00 to $180.00 and set an "outperform" rating on the stock in a research report on Monday, August 5th. Truist Financial reduced their price objective on Chevron from $156.00 to $154.00 and set a "hold" rating on the stock in a report on Monday, August 5th. Finally, Barclays reduced their price objective on Chevron from $203.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Chevron currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.82.

Chevron Trading Up 1.0 %

Shares of CVX stock traded up $1.34 during trading hours on Thursday, reaching $139.22. The company had a trading volume of 6,591,521 shares, compared to its average volume of 7,785,972. The company has a 50 day moving average of $149.75 and a 200 day moving average of $154.92. 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 market cap of $254.62 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 2.34 and a beta of 1.09. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $171.70.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.38). The company had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $3.08 EPS. On average, equities research analysts anticipate that Chevron Co. will post 11.86 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.68%. The ex-dividend date was Monday, August 19th. Chevron's payout ratio is presently 59.98%.

Chevron Company 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.