Beaumont Financial Advisors LLC Has $5.77 Million Stock Holdings in Chevron Co. (NYSE:CVX)

by · The Cerbat Gem

Beaumont Financial Advisors LLC raised its holdings in Chevron Co. (NYSE:CVX – Free Report) by 3.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 39,147 shares of the oil and gas company’s stock after acquiring an additional 1,184 shares during the period. Beaumont Financial Advisors LLC’s holdings in Chevron were worth $5,765,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CVX. Brevan Howard Capital Management LP bought a new position in shares of Chevron during the fourth quarter worth about $1,335,000. Baird Financial Group Inc. raised its holdings in Chevron by 17.1% during the 4th quarter. Baird Financial Group Inc. now owns 1,704,859 shares of the oil and gas company’s stock worth $254,297,000 after purchasing an additional 248,360 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in shares of Chevron by 10.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 337,391 shares of the oil and gas company’s stock worth $50,325,000 after purchasing an additional 32,181 shares during the period. Bontempo Ohly Capital Mgmt LLC boosted its stake in shares of Chevron by 2.1% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 14,009 shares of the oil and gas company’s stock valued at $2,090,000 after purchasing an additional 288 shares during the last quarter. Finally, Berkshire Hathaway Inc increased its position in shares of Chevron by 14.4% during the fourth quarter. Berkshire Hathaway Inc now owns 126,093,326 shares of the oil and gas company’s stock worth $18,808,081,000 after buying an additional 15,845,037 shares during the period. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $170.00 target price on shares of Chevron in a report on Tuesday. Scotiabank dropped their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday. UBS Group raised their target price on Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho lowered their target price on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, Wells Fargo & Company cut 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. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average target price of $177.59.

Get Our Latest Analysis on CVX

Chevron Stock Up 0.6 %

Chevron stock opened at $150.59 on Friday. The firm has a market capitalization of $275.42 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The firm’s fifty day moving average price is $145.41 and its two-hundred day moving average price is $153.99. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $170.17. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.38). The business had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. Chevron’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.08 EPS. On average, equities research analysts predict that Chevron Co. will post 11.09 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.33%. Chevron’s dividend payout ratio is presently 64.55%.

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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