Chevron Co. (NYSE:CVX) Shares Acquired by Seneca House Advisors

Seneca House Advisors boosted its position in Chevron Co. (NYSE:CVX) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,751 shares of the oil and gas company’s stock after purchasing an additional 106 shares during the quarter. Seneca House Advisors’ holdings in Chevron were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of CVX. J. W. Coons Advisors LLC grew its holdings in Chevron by 1.4% in the 4th quarter. J. W. Coons Advisors LLC now owns 7,097 shares of the oil and gas company’s stock worth $1,059,000 after buying an additional 100 shares in the last quarter. Wescott Financial Advisory Group LLC boosted its position in Chevron by 10.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 3,459 shares of the oil and gas company’s stock worth $516,000 after purchasing an additional 334 shares during the period. Wealth Quarterback LLC lifted its position in shares of Chevron by 5.1% during the 4th quarter. Wealth Quarterback LLC now owns 6,956 shares of the oil and gas company’s stock worth $1,037,000 after purchasing an additional 335 shares during the last quarter. Waterloo Capital L.P. increased its stake in Chevron by 90.5% during the fourth quarter. Waterloo Capital L.P. now owns 6,278 shares of the oil and gas company’s stock valued at $936,000 after acquiring an additional 2,982 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in Chevron by 1.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 713,990 shares of the oil and gas company’s stock worth $106,499,000 after purchasing an additional 6,744 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Down 0.3 %

Shares of NYSE CVX traded down $0.51 during mid-day trading on Friday, reaching $150.74. The company had a trading volume of 7,895,285 shares, compared to its average volume of 7,830,814. The stock has a fifty day moving average of $145.99 and a two-hundred day moving average of $154.13. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $170.17. The company has a market capitalization of $277.81 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 2.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16.

Chevron (NYSE:CVX) last announced its 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 the consensus estimate of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.08 earnings per share. As a group, equities research analysts expect that Chevron Co. will post 11.02 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Monday, August 19th. Chevron’s dividend payout ratio (DPR) is 59.98%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wolfe Research started coverage on Chevron in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Mizuho cut their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Royal Bank of Canada reduced their target price on Chevron from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. UBS Group reduced their price objective on Chevron from $192.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company dropped their price target on Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $179.00.

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.