Woodley Farra Manion Portfolio Management Inc. Purchases 5,759 Shares of Chevron Corporation (NYSE:CVX)

Key Points

• Woodley Farra Manion Portfolio Management Inc. increased its holdings in Cheron Corporation by 2.6%, acquiring an additional 5,759 shares, bringing its total to 229,209 shares.
• Chevron announced a quarterly dividend of $1.71 per share, reflecting an annualized payout of $6.84 and a yield of 4.45%.
• Chevron's shares recently traded at $153.68, with a market capitalization of approximately $268.39 billion and a consensus rating of "Hold" from analysts.

Woodley Farra Manion Portfolio Management Inc. increased its stake in Chevron Corporation (NYSE:CVX - Free Report) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,209 shares of the oil and gas company's stock after purchasing an additional 5,759 shares during the period. Chevron accounts for 1.9% of Woodley Farra Manion Portfolio Management Inc.'s portfolio, making the stock its 24th largest holding. Woodley Farra Manion Portfolio Management Inc.'s holdings in Chevron were worth $38,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd increased its position in shares of Chevron by 420.7% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock valued at $25,000 after buying an additional 122 shares in the last quarter. 10Elms LLP acquired a new position in shares of Chevron during the 4th quarter worth about $29,000. Navigoe LLC acquired a new stake in Chevron in the 4th quarter valued at about $33,000. IFS Advisors LLC lifted its stake in Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after purchasing an additional 116 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new stake in Chevron in the 1st quarter valued at about $39,000. Institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

Shares of CVX stock traded down $0.31 during trading on Friday, reaching $151.33. 10,704,924 shares of the company's stock traded hands, compared to its average volume of 9,498,295. The company has a market capitalization of $264.28 billion, a P/E ratio of 17.29, a PEG ratio of 2.42 and a beta of 0.83. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The firm's 50-day moving average is $146.57 and its 200 day moving average is $148.90. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.19. The business had revenue of $44.82 billion for the quarter, compared to analysts' expectations of $44.59 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.55 EPS. Equities research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CVX. Mizuho lowered their price target on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Piper Sandler restated an "overweight" rating on shares of Chevron in a research report on Tuesday, July 15th. Wells Fargo & Company reiterated an "overweight" rating and set a $178.00 price target on shares of Chevron in a report on Friday. TD Cowen lowered their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $160.00 price target (up from $143.00) on shares of Chevron in a research note on Friday, July 11th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $163.18.

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.