Integral Investment Advisors Inc. Acquires 1,782 Shares of Chevron Co. (NYSE:CVX)

Integral Investment Advisors Inc. lifted its stake in Chevron Co. (NYSE:CVX) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,012 shares of the oil and gas company’s stock after purchasing an additional 1,782 shares during the period. Chevron accounts for approximately 0.7% of Integral Investment Advisors Inc.’s holdings, making the stock its 22nd largest holding. Integral Investment Advisors Inc.’s holdings in Chevron were worth $1,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CVX. Picton Mahoney Asset Management acquired a new stake in Chevron during the 3rd quarter worth $26,000. Valley Forge Investment Consultants Inc. ADV raised its stake in shares of Chevron by 80.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 80 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of Chevron in the 4th quarter valued at about $33,000. Worth Asset Management LLC acquired a new stake in shares of Chevron in the 1st quarter valued at about $36,000. Finally, Legacy Financial Group LLC acquired a new stake in shares of Chevron in the third quarter valued at about $43,000. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. Mizuho lifted their target price on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Jefferies Financial Group raised Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Monday, January 8th. The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Finally, Royal Bank of Canada boosted their price objective on Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $184.75.

Chevron Price Performance

CVX traded up $1.00 during trading on Thursday, hitting $157.40. 3,131,892 shares of the stock traded hands, compared to its average volume of 8,502,397. The business has a 50 day moving average price of $155.19 and a 200 day moving average price of $151.86. The company has a market cap of $292.33 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 2.30 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $172.38.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The company had revenue of $47.18 billion for the quarter, compared to analysts’ expectations of $50.93 billion. During the same quarter in the previous year, the firm posted $4.09 earnings per share. Chevron’s revenue for the quarter was down 16.5% on a year-over-year basis. Equities research analysts forecast that Chevron Co. will post 13.56 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.52 dividend on an annualized basis and a yield of 4.14%. This is a boost from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio is 57.39%.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at $44,184.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

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; 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.