Fulton Breakefield Broenniman LLC Has $13.75 Million Holdings in Chevron Co. (NYSE:CVX)

Fulton Breakefield Broenniman LLC increased its holdings in Chevron Co. (NYSE:CVX) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,372 shares of the oil and gas company’s stock after buying an additional 223 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Chevron were worth $13,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CVX. Firethorn Wealth Partners LLC raised its stake in Chevron by 2.1% in the third quarter. Firethorn Wealth Partners LLC now owns 4,120 shares of the oil and gas company’s stock valued at $607,000 after purchasing an additional 85 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Chevron by 6.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 162,083 shares of the oil and gas company’s stock valued at $23,870,000 after buying an additional 10,508 shares during the period. McKinley Carter Wealth Services Inc. increased its holdings in Chevron by 1.9% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 21,121 shares of the oil and gas company’s stock valued at $3,110,000 after buying an additional 401 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of Chevron by 2.5% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 27,652 shares of the oil and gas company’s stock worth $4,072,000 after acquiring an additional 667 shares during the period. Finally, Sunpointe LLC boosted its position in shares of Chevron by 6.3% during the 3rd quarter. Sunpointe LLC now owns 3,177 shares of the oil and gas company’s stock worth $468,000 after acquiring an additional 189 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CVX shares. Barclays lowered their price objective on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Wolfe Research initiated coverage on Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company lowered their target price on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Scotiabank reduced their price target on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Sanford C. Bernstein cut shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.81.

Chevron Stock Up 0.6 %

Shares of CVX opened at $148.69 on Thursday. The company has a market capitalization of $274.03 billion, a PE ratio of 13.68, a PEG ratio of 2.72 and a beta of 1.09. The stock’s 50-day moving average price is $145.82 and its two-hundred day moving average price is $153.78. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $170.17.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The company 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%. Chevron’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.08 earnings per share. On average, analysts anticipate that Chevron Co. will post 11.09 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Monday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

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.