Kiley Juergens Wealth Management LLC Grows Holdings in Chevron Co. (NYSE:CVX)

Kiley Juergens Wealth Management LLC boosted its holdings in shares of Chevron Co. (NYSE:CVX) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,008 shares of the oil and gas company’s stock after purchasing an additional 275 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in Chevron were worth $2,191,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. American Capital Advisory LLC raised its stake in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 125 shares during the last quarter. Bare Financial Services Inc acquired a new stake in shares of Chevron during the fourth quarter worth $27,000. Frank Rimerman Advisors LLC purchased a new position in Chevron in the 4th quarter valued at $30,000. Cooksen Wealth LLC purchased a new position in Chevron in the 4th quarter valued at $40,000. Finally, Clear Investment Research LLC increased its stake in Chevron by 264.9% in the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 204 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

NYSE:CVX traded up $0.48 during trading hours on Thursday, reaching $145.80. 4,026,466 shares of the company traded hands, compared to its average volume of 7,832,954. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. The firm’s 50-day moving average is $153.07 and its 200-day moving average is $155.82. The stock has a market cap of $266.66 billion, a P/E ratio of 13.41, a P/E/G ratio of 2.46 and a beta of 1.10. Chevron Co. has a 1-year low of $139.62 and a 1-year high of $171.70.

Chevron (NYSE:CVX) last posted 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 net margin of 9.31% and a return on equity of 13.70%. The company had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. During the same period in the previous year, the business earned $3.08 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that Chevron Co. will post 11.96 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.47%. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVX. Mizuho lifted their target price on shares of Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a report on Monday, May 13th. Wells Fargo & Company increased their target price on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. Scotiabank cut their price objective on Chevron from $195.00 to $180.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Finally, Barclays reduced their target price on Chevron from $203.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.82.

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.