Moseley Investment Management Inc. Acquires 410 Shares of Chevron Co. (NYSE:CVX)

Moseley Investment Management Inc. increased its holdings in shares of Chevron Co. (NYSE:CVX) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,973 shares of the oil and gas company’s stock after acquiring an additional 410 shares during the period. Moseley Investment Management Inc.’s holdings in Chevron were worth $835,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CVX. Dempze Nancy E increased its stake in Chevron by 2.0% in the 1st quarter. Dempze Nancy E now owns 4,980 shares of the oil and gas company’s stock worth $523,000 after buying an additional 100 shares during the period. Rede Wealth LLC increased its stake in Chevron by 2.3% in the 2nd quarter. Rede Wealth LLC now owns 4,438 shares of the oil and gas company’s stock worth $464,000 after buying an additional 100 shares during the period. Encompass Wealth Advisors LLC increased its stake in Chevron by 1.7% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 6,110 shares of the oil and gas company’s stock worth $640,000 after buying an additional 100 shares during the period. Fiduciary Planning LLC increased its stake in Chevron by 5.2% in the 2nd quarter. Fiduciary Planning LLC now owns 2,039 shares of the oil and gas company’s stock worth $214,000 after buying an additional 100 shares during the period. Finally, Foster Group Inc. increased its stake in Chevron by 2.7% in the 2nd quarter. Foster Group Inc. now owns 3,850 shares of the oil and gas company’s stock worth $403,000 after buying an additional 100 shares during the period. 65.78% of the stock is currently owned by institutional investors and hedge funds.

CVX stock traded down $2.04 during trading on Monday, reaching $94.72. The company had a trading volume of 205,506 shares, compared to its average volume of 10,395,944. The firm has a 50-day simple moving average of $99.12 and a 200-day simple moving average of $103.44. The company has a market cap of $183.18 billion, a price-to-earnings ratio of 50.72, a price-to-earnings-growth ratio of 2.85 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 1.17. Chevron Co. has a twelve month low of $65.16 and a twelve month high of $113.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Thursday, July 29th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.59 by $0.12. Chevron had a net margin of 3.01% and a return on equity of 3.89%. The business had revenue of $37.60 billion during the quarter, compared to analysts’ expectations of $35.98 billion. During the same period in the previous year, the business posted ($1.59) EPS. The business’s quarterly revenue was up 169.5% compared to the same quarter last year. Sell-side analysts expect that Chevron Co. will post 6.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Thursday, August 19th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 5.66%. The ex-dividend date was Wednesday, August 18th. Chevron’s payout ratio is -2,680.00%.

Several research firms recently commented on CVX. Wells Fargo & Company reduced their price target on shares of Chevron from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 15th. DZ Bank downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $110.00 target price on the stock. in a research report on Wednesday, August 4th. Raymond James raised their target price on shares of Chevron from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, August 2nd. Truist raised their target price on shares of Chevron from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, July 1st. They noted that the move was a valuation call. Finally, TheStreet raised shares of Chevron from a “c” rating to a “b-” rating in a research report on Friday, July 30th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of “Buy” and a consensus target price of $118.29.

About Chevron

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; processing, transporting, storage, and marketing of natural gas; and a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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