Smith Thornton Advisors LLC Invests $602,000 in Chevron Co. (NYSE:CVX)

Smith Thornton Advisors LLC purchased a new stake in shares of Chevron Co. (NYSE:CVX - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,851 shares of the oil and gas company's stock, valued at approximately $602,000.

A number of other institutional investors have also recently made changes to their positions in CVX. American Capital Advisory LLC increased 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 purchasing an additional 125 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Chevron in the 4th quarter worth $30,000. Anfield Capital Management LLC raised its holdings in Chevron by 118.0% in the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 118 shares during the period. Cyrus J. Lawrence LLC lifted its position in Chevron by 66.7% during 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. Finally, Cooksen Wealth LLC bought a new stake in Chevron during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CVX shares. Mizuho decreased their price objective on Chevron from $205.00 to $189.00 and set an "outperform" rating on the stock in a research note on Monday, September 16th. UBS Group decreased their target price on shares of Chevron from $192.00 to $189.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Sanford C. Bernstein lowered shares of Chevron from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Scotiabank decreased their price objective 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. Finally, Truist Financial dropped their target price on shares of Chevron from $156.00 to $154.00 and set a "hold" rating for the company in a 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 stock. Based on data from MarketBeat, Chevron presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.41.

Chevron Stock Down 1.4 %

NYSE CVX opened at $142.00 on Friday. The stock has a 50 day moving average price of $146.90 and a 200-day moving average price of $154.34. Chevron Co. has a one year low of $135.37 and a one year high of $171.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The company has a market capitalization of $259.71 billion, a P/E ratio of 13.06, a P/E/G ratio of 2.68 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 EPS for the quarter, missing the consensus estimate 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 last year, the business earned $3.08 EPS. Chevron's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Chevron Co. will post 11.02 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Monday, August 19th. Chevron's dividend payout ratio is currently 59.98%.

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.

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