Court Place Advisors LLC Has $1.11 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Court Place Advisors LLC decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,538 shares of the oil and gas company’s stock after selling 250 shares during the period. Court Place Advisors LLC’s holdings in Chevron were worth $1,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. West Wealth Group LLC bought a new position in shares of Chevron in the third quarter valued at approximately $261,000. Blackston Financial Advisory Group LLC purchased a new stake in Chevron in the third quarter worth $294,000. Heritage Financial Services LLC increased its position in Chevron by 21.3% in the third quarter. Heritage Financial Services LLC now owns 3,994 shares of the oil and gas company’s stock worth $588,000 after buying an additional 700 shares during the last quarter. Coerente Capital Management increased its position in Chevron by 1.5% in the third quarter. Coerente Capital Management now owns 20,915 shares of the oil and gas company’s stock worth $3,080,000 after buying an additional 300 shares during the last quarter. Finally, Busey Bank increased its position in Chevron by 1.8% in the third quarter. Busey Bank now owns 163,042 shares of the oil and gas company’s stock worth $24,011,000 after buying an additional 2,897 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of CVX opened at $150.82 on Friday. The firm has a market capitalization of $277.96 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 3.30 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company’s fifty day moving average price is $146.51 and its 200-day moving average price is $153.43.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The firm had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $3.08 EPS. On average, equities research analysts predict that Chevron Co. will post 10.86 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.32%. Chevron’s dividend payout ratio (DPR) is 59.98%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America assumed coverage on Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 price objective for the company. Mizuho dropped their price target on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $183.00 to $167.00 in a research note on Wednesday, July 17th. Barclays decreased their price objective on Chevron from $185.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, UBS Group upped their price target on Chevron from $189.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $173.07.

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.