Allen Mooney & Barnes Investment Advisors LLC Has $2.73 Million Holdings in Chevron Co. (NYSE:CVX)

Allen Mooney & Barnes Investment Advisors LLC cut its stake in Chevron Co. (NYSE:CVXFree Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,298 shares of the oil and gas company’s stock after selling 245 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Chevron were worth $2,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management acquired a new position in shares of Chevron during the 3rd quarter worth about $26,000. Valley Forge Investment Consultants Inc. ADV boosted its stake in shares of Chevron by 80.0% during the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after buying an additional 80 shares during the last quarter. DHJJ Financial Advisors Ltd. acquired a new position in shares of Chevron during the 3rd quarter worth about $35,000. Valued Wealth Advisors LLC acquired a new position in shares of Chevron during the 4th quarter worth about $33,000. Finally, Worth Asset Management LLC acquired a new position in shares of Chevron during the 1st quarter worth about $36,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Jefferies Financial Group raised shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a report on Monday, January 8th. Scotiabank cut shares of Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 target price on the stock. in a report on Tuesday, January 16th. UBS Group lowered their price target on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Finally, Mizuho increased their price target on shares of Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.39.

Check Out Our Latest Stock Analysis on Chevron

Chevron Price Performance

Shares of NYSE CVX opened at $159.03 on Tuesday. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $172.88. The firm has a fifty day simple moving average of $152.23 and a 200 day simple moving average of $152.47. The company has a market capitalization of $295.36 billion, a PE ratio of 14.00, a P/E/G ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVXGet Free Report) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business had revenue of $47.18 billion during the quarter, compared to the consensus estimate of $50.93 billion. During the same quarter last year, the firm earned $4.09 earnings per share. Chevron’s quarterly revenue was down 16.5% on a year-over-year basis. On average, sell-side analysts forecast that Chevron Co. will post 13.04 EPS for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $1.63 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s payout ratio is 57.39%.

Chevron Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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