Mitchell Capital Management Co. lifted its position in shares of Chevron Co. (NYSE:CVX) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,721 shares of the oil and gas company’s stock after buying an additional 121 shares during the quarter. Mitchell Capital Management Co.’s holdings in Chevron were worth $1,403,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. purchased a new stake in Chevron during the 2nd quarter worth about $25,000. Corbenic Partners LLC increased its position in Chevron by 276.0% during the 1st quarter. Corbenic Partners LLC now owns 361 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 265 shares in the last quarter. PARK CIRCLE Co purchased a new stake in Chevron during the 1st quarter worth about $36,000. Marshall & Sullivan Inc. WA purchased a new stake in Chevron during the 2nd quarter worth about $36,000. Finally, Asset Advisors Investment Management LLC purchased a new stake in Chevron during the 2nd quarter worth about $36,000. 64.60% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the company. Piper Sandler lifted their price target on Chevron from $96.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Mizuho lowered their price target on Chevron from $140.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Independent Research cut Chevron to a “hold” rating in a report on Tuesday, April 14th. Raymond James lifted their price target on Chevron from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Finally, cut Chevron from a “buy” rating to a “neutral” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Chevron has an average rating of “Buy” and an average price target of $111.25.

Shares of CVX traded down $2.33 during trading on Friday, reaching $83.94. The company’s stock had a trading volume of 19,120,651 shares, compared to its average volume of 7,507,398. The company has a fifty day moving average of $88.84 and a two-hundred day moving average of $92.49. Chevron Co. has a twelve month low of $51.60 and a twelve month high of $125.27. The company has a market cap of $156.71 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 21.46 and a beta of 1.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported ($1.59) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.93) by ($0.66). Chevron had a net margin of 2.71% and a return on equity of 8.28%. The business had revenue of $13.95 billion during the quarter, compared to analyst estimates of $21.71 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The business’s revenue for the quarter was down 64.1% on a year-over-year basis. As a group, equities analysts forecast that Chevron Co. will post 0.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Tuesday, August 18th. Chevron’s payout ratio is 82.30%.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

Further Reading: Oversold

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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