SGL Investment Advisors Inc. Buys 492 Shares of Chevron Co. (NYSE:CVX)

SGL Investment Advisors Inc. increased its holdings in shares of Chevron Co. (NYSE:CVX) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,721 shares of the oil and gas company’s stock after acquiring an additional 492 shares during the quarter. Chevron comprises 2.7% of SGL Investment Advisors Inc.’s portfolio, making the stock its 10th biggest holding. SGL Investment Advisors Inc.’s holdings in Chevron were worth $5,223,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allianz SE acquired a new position in shares of Chevron during the 4th quarter worth approximately $9,369,000. Nicholas Company Inc. increased its holdings in shares of Chevron by 4.3% during the 4th quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company’s stock worth $11,591,000 after acquiring an additional 3,280 shares during the last quarter. Applied Finance Capital Management LLC increased its holdings in shares of Chevron by 1.6% during the 4th quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company’s stock worth $26,044,000 after acquiring an additional 2,755 shares during the last quarter. Cerity Partners LLC grew its holdings in Chevron by 4.5% in the 4th quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company’s stock valued at $174,817,000 after buying an additional 52,307 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in Chevron by 6.8% in the 4th quarter. Wedbush Securities Inc. now owns 118,066 shares of the oil and gas company’s stock valued at $17,101,000 after buying an additional 7,557 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Performance

NYSE:CVX opened at $142.14 on Friday. The stock’s 50-day simple moving average is $146.89 and its 200 day simple moving average is $151.81. The firm has a market capitalization of $248.23 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a twelve month low of $132.04 and a twelve month high of $168.96.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.15 by $0.03. The business had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.93 EPS. On average, analysts anticipate that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.81%. The ex-dividend date is Monday, May 19th. Chevron’s payout ratio is 78.17%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price objective on Chevron from $173.00 to $164.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. TD Cowen decreased their price objective on Chevron from $155.00 to $150.00 and set a “hold” rating on the stock in a report on Monday, May 5th. Redburn Atlantic reaffirmed a “sell” rating and issued a $124.00 price objective (down from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. UBS Group decreased their price objective on Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Finally, Raymond James decreased their price objective on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $160.24.

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.