Quintet Private Bank Europe S.A. Has $8.41 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Quintet Private Bank Europe S.A. raised its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 25.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,090 shares of the oil and gas company's stock after acquiring an additional 11,438 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in Chevron were worth $8,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. Anfield Capital Management LLC raised its stake 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 valued at $34,000 after purchasing an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC grew its position in shares of 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 during the period. Krane Funds Advisors LLC acquired a new position in Chevron in the third quarter valued at $47,000. Livelsberger Financial Advisory purchased a new position in Chevron during the third quarter worth about $47,000. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Chevron in the second quarter worth approximately $59,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Price Performance

CVX stock traded up $0.90 during trading hours on Monday, hitting $153.97. 6,058,236 shares of the stock traded hands, compared to its average volume of 7,656,254. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $147.07 and a 200 day simple moving average of $152.91. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The company has a market cap of $281.60 billion, a P/E ratio of 16.92, a P/E/G ratio of 3.29 and a beta of 1.09.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results 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). The company had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The business's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.08 earnings per share. Equities analysts forecast that Chevron Co. will post 10.74 earnings per share for the current year.

Chevron Announces Dividend

The company 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 $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Monday, November 18th. Chevron's dividend payout ratio is 71.65%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Scotiabank cut their target price on Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada boosted their price target on Chevron from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Monday. Sanford C. Bernstein lowered shares of Chevron from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. Mizuho dropped their price target 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. Finally, UBS Group raised their price objective on Chevron from $192.00 to $194.00 and gave the stock a "buy" rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.27.

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.