M. Kraus & Co Has $1.56 Million Holdings in Chevron Co. (NYSE:CVX)

M. Kraus & Co cut its holdings in shares of Chevron Co. (NYSE:CVX) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,603 shares of the oil and gas company’s stock after selling 480 shares during the period. M. Kraus & Co’s holdings in Chevron were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC lifted its position in Chevron by 4.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 2,887 shares of the oil and gas company’s stock valued at $425,000 after purchasing an additional 120 shares during the period. Novare Capital Management LLC raised its position in shares of Chevron by 1.3% in the 3rd quarter. Novare Capital Management LLC now owns 65,311 shares of the oil and gas company’s stock valued at $9,618,000 after acquiring an additional 864 shares during the period. ORG Partners LLC raised its position in shares of Chevron by 34.7% in the 3rd quarter. ORG Partners LLC now owns 15,514 shares of the oil and gas company’s stock valued at $2,286,000 after acquiring an additional 3,995 shares during the period. Stablepoint Partners LLC raised its position in shares of Chevron by 3.4% in the 3rd quarter. Stablepoint Partners LLC now owns 39,207 shares of the oil and gas company’s stock valued at $5,774,000 after acquiring an additional 1,288 shares during the period. Finally, Sapient Capital LLC raised its position in shares of Chevron by 0.6% in the 3rd quarter. Sapient Capital LLC now owns 300,154 shares of the oil and gas company’s stock valued at $44,204,000 after acquiring an additional 1,689 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

Shares of CVX traded down $0.23 during midday trading on Monday, reaching $151.19. 1,608,547 shares of the stock were exchanged, compared to its average volume of 7,734,173. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $170.17. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market cap of $278.64 billion, a P/E ratio of 13.88, a PEG ratio of 2.72 and a beta of 1.09. The stock’s 50 day simple moving average is $145.46 and its 200 day simple moving average is $153.93.

Chevron (NYSE:CVX) last posted 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 firm had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.08 EPS. On average, sell-side analysts expect that Chevron Co. will post 11.09 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Monday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CVX. Mizuho cut their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company dropped their target price on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Sanford C. Bernstein downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Royal Bank of Canada restated an “outperform” rating and set a $170.00 target price on shares of Chevron in a report on Tuesday, October 8th. Finally, UBS Group raised their price target on shares of Chevron from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.81.

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.