Joule Financial LLC Has $470,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Joule Financial LLC increased its position in Chevron Co. (NYSE:CVX) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,002 shares of the oil and gas company’s stock after purchasing an additional 148 shares during the quarter. Joule Financial LLC’s holdings in Chevron were worth $470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Oklahoma grew its position in shares of Chevron by 0.7% during the 2nd quarter. Trust Co. of Oklahoma now owns 13,538 shares of the oil and gas company’s stock worth $2,118,000 after buying an additional 97 shares during the period. Traphagen Investment Advisors LLC grew its holdings in Chevron by 0.8% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 9,438 shares of the oil and gas company’s stock worth $1,476,000 after acquiring an additional 77 shares during the period. Inlet Private Wealth LLC raised its position in shares of Chevron by 7.1% during the 2nd quarter. Inlet Private Wealth LLC now owns 13,748 shares of the oil and gas company’s stock valued at $2,150,000 after acquiring an additional 910 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in shares of Chevron by 14.4% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 6,190 shares of the oil and gas company’s stock valued at $968,000 after purchasing an additional 779 shares during the period. Finally, Keeler Thomas Management LLC boosted its position in shares of Chevron by 1.5% in the 2nd quarter. Keeler Thomas Management LLC now owns 31,302 shares of the oil and gas company’s stock worth $4,913,000 after purchasing an additional 472 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen increased their target price on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, April 29th. HSBC increased their price target on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Royal Bank of Canada decreased their price objective on shares of Chevron from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Wolfe Research assumed coverage on shares of Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.82.

Chevron Stock Up 0.3 %

NYSE CVX traded up $0.48 during trading on Thursday, hitting $145.80. The stock had a trading volume of 4,026,466 shares, compared to its average volume of 7,832,954. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The company’s 50-day moving average price is $153.21 and its two-hundred day moving average price is $155.89. The company has a market capitalization of $266.66 billion, a PE ratio of 13.42, a P/E/G ratio of 2.46 and a beta of 1.10.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The business had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. During the same period in the prior year, the firm earned $3.08 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Chevron Co. will post 11.96 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Monday, August 19th. Chevron’s payout ratio is 59.98%.

Chevron Company Profile

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.