Trust Investment Advisors Purchases 1,454 Shares of Chevron Co. (NYSE:CVX)

Trust Investment Advisors raised its position in Chevron Co. (NYSE:CVX) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,997 shares of the oil and gas company’s stock after purchasing an additional 1,454 shares during the quarter. Chevron accounts for about 1.5% of Trust Investment Advisors’ holdings, making the stock its 11th biggest holding. Trust Investment Advisors’ holdings in Chevron were worth $1,888,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Chevron by 100,509.4% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 426,861,553 shares of the oil and gas company’s stock worth $67,166,665,000 after acquiring an additional 426,437,277 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Chevron by 104,997.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,490,824 shares of the oil and gas company’s stock worth $4,395,858,000 after acquiring an additional 24,467,521 shares during the last quarter. Norges Bank bought a new position in shares of Chevron during the fourth quarter worth about $3,058,235,000. Commonwealth Equity Services LLC raised its position in shares of Chevron by 908.4% during the first quarter. Commonwealth Equity Services LLC now owns 11,450,777 shares of the oil and gas company’s stock worth $186,830,000 after acquiring an additional 10,315,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Chevron by 76.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,667,484 shares of the oil and gas company’s stock worth $3,839,241,000 after acquiring an additional 10,257,980 shares during the last quarter. 68.87% of the stock is currently owned by institutional investors.

Chevron Stock Performance

Chevron stock traded up $2.69 during mid-day trading on Friday, reaching $144.46. 11,077,904 shares of the company’s stock were exchanged, compared to its average volume of 12,759,151. The business’s fifty day simple moving average is $158.68 and its 200 day simple moving average is $158.21. The firm has a market capitalization of $272.70 billion, a PE ratio of 10.72, a P/E/G ratio of 0.73 and a beta of 1.16. Chevron Co. has a one year low of $140.74 and a one year high of $187.81. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $3.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.65). The firm had revenue of $54.08 billion during the quarter, compared to the consensus estimate of $51.41 billion. Chevron had a net margin of 12.11% and a return on equity of 16.15%. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.56 earnings per share. On average, sell-side analysts expect that Chevron Co. will post 13.59 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $6.04 annualized dividend and a dividend yield of 4.18%. Chevron’s payout ratio is presently 44.84%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. HSBC lifted their target price on Chevron from $180.00 to $184.00 in a report on Wednesday, August 9th. Truist Financial lowered their target price on Chevron from $175.00 to $169.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. UBS Group lifted their target price on Chevron from $209.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Morgan Stanley lowered their target price on Chevron from $203.00 to $201.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Finally, Sanford C. Bernstein upgraded Chevron from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $184.00 to $182.00 in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.