Signature Estate & Investment Advisors LLC Has $53.45 Million Holdings in Chevron Co. (NYSE:CVX)

Signature Estate & Investment Advisors LLC increased its stake in shares of Chevron Co. (NYSE:CVX) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,727 shares of the oil and gas company’s stock after purchasing an additional 6,949 shares during the period. Chevron makes up approximately 1.3% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Signature Estate & Investment Advisors LLC’s holdings in Chevron were worth $53,453,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American Capital Advisory LLC grew its stake in Chevron by 403.2% in the first 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 period. Bare Financial Services Inc acquired a new position in Chevron in the fourth quarter valued at about $27,000. Frank Rimerman Advisors LLC acquired a new position in Chevron in the fourth quarter valued at about $30,000. Cooksen Wealth LLC acquired a new position in Chevron in the fourth quarter valued at about $40,000. Finally, Clear Investment Research LLC lifted its holdings in shares of Chevron by 264.9% in the fourth quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 204 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CVX. Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and cut their price target for the company from $183.00 to $167.00 in a report on Wednesday, July 17th. Wells Fargo & Company boosted their price target on Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. HSBC boosted their price target on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Mizuho boosted their price target on Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, TD Cowen upped their target price on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $183.82.

Chevron Stock Performance

Shares of NYSE CVX traded down $0.18 during trading hours on Tuesday, reaching $148.32. 576,466 shares of the stock were exchanged, compared to its average volume of 7,758,302. The firm has a market capitalization of $273.35 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.46 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70. The stock’s fifty day simple moving average is $152.88 and its 200 day simple moving average is $155.79.

Chevron (NYSE:CVX) last posted its quarterly earnings data 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). 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 last year, the business posted $3.08 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that Chevron Co. will post 11.96 EPS for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Monday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 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.