L.M. Kohn & Company Has $1.09 Million Position in Chevron Co. (NYSE:CVX)

L.M. Kohn & Company lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,407 shares of the oil and gas company’s stock after buying an additional 290 shares during the period. L.M. Kohn & Company’s holdings in Chevron were worth $1,091,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Armstrong Henry H Associates Inc. increased its holdings in Chevron by 8.3% during the second quarter. Armstrong Henry H Associates Inc. now owns 1,678 shares of the oil and gas company’s stock worth $262,000 after buying an additional 128 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Chevron by 59.0% in the 2nd quarter. GAMMA Investing LLC now owns 21,806 shares of the oil and gas company’s stock valued at $3,411,000 after acquiring an additional 8,089 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of Chevron by 1.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 313,164 shares of the oil and gas company’s stock worth $48,985,000 after purchasing an additional 4,412 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of Chevron by 5.3% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 26,946 shares of the oil and gas company’s stock valued at $4,028,000 after purchasing an additional 1,353 shares during the period. Finally, Modus Advisors LLC lifted its stake in Chevron by 4.6% in the 2nd quarter. Modus Advisors LLC now owns 17,440 shares of the oil and gas company’s stock valued at $2,728,000 after purchasing an additional 769 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.1 %

NYSE CVX opened at $161.98 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a market cap of $291.09 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 3.58 and a beta of 1.09. The company has a 50 day moving average of $153.36 and a 200-day moving average of $152.61. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.05 EPS. On average, equities research analysts expect that Chevron Co. will post 10.53 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.03%. Chevron’s dividend payout ratio is 71.65%.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

CVX has been the topic of a number of recent analyst reports. UBS Group boosted their price target on Chevron from $192.00 to $194.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Citigroup raised Chevron from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $185.00 in a report on Tuesday. Barclays raised their price target on Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company decreased their price objective 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. Finally, Mizuho cut their target price on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and a consensus target price of $175.56.

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.