Compass Financial Group INC SD Raises Stock Holdings in Chevron Corporation (NYSE:CVX)

Compass Financial Group INC SD raised its position in shares of Chevron Corporation (NYSE:CVX) by 4.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,245 shares of the oil and gas company’s stock after acquiring an additional 104 shares during the quarter. Compass Financial Group INC SD’s holdings in Chevron were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Seek First Inc. bought a new position in Chevron during the first quarter valued at $239,000. Algert Global LLC grew its holdings in Chevron by 22.7% during the first quarter. Algert Global LLC now owns 3,692 shares of the oil and gas company’s stock valued at $618,000 after purchasing an additional 682 shares during the period. Cascade Financial Partners LLC bought a new position in Chevron during the first quarter valued at $202,000. Seven Mile Advisory grew its holdings in Chevron by 19.4% during the first quarter. Seven Mile Advisory now owns 2,549 shares of the oil and gas company’s stock valued at $426,000 after purchasing an additional 414 shares during the period. Finally, Ethos Financial Group LLC boosted its holdings in shares of Chevron by 3.4% in the first quarter. Ethos Financial Group LLC now owns 5,613 shares of the oil and gas company’s stock worth $939,000 after acquiring an additional 185 shares during the period. 72.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CVX has been the subject of a number of analyst reports. Barclays reaffirmed an “equal weight” rating on shares of Chevron in a report on Tuesday, July 15th. Evercore ISI reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Chevron in a report on Thursday, July 31st. Hsbc Global Res lowered Chevron from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 13th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $178.00 price target on shares of Chevron in a report on Friday, August 1st. Finally, Mizuho cut their price target on Chevron from $188.00 to $186.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $164.11.

Chevron Trading Up 0.9%

NYSE CVX opened at $156.52 on Friday. The stock’s 50-day simple moving average is $150.13 and its two-hundred day simple moving average is $148.54. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $270.46 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.35 and a beta of 0.87.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. Chevron had a return on equity of 9.90% and a net margin of 7.02%. The business had revenue of $44.82 billion for the quarter, compared to the consensus estimate of $44.59 billion. During the same quarter last year, the business posted $2.55 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. Research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be issued a $1.71 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.4%. Chevron’s payout ratio is currently 88.03%.

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.