Mon Sep 23 15:15:13 UTC 2024: ## Chevron (CVX) Sees Increased Institutional Interest Amidst Mixed Analyst Sentiment

**New York, NY** – Certified Advisory Corp boosted its holdings in Chevron Co. (NYSE:CVX) by 6.1% in the second quarter, acquiring an additional 985 shares, according to HoldingsChannel.com. This move follows a trend of increased institutional interest in the oil and gas giant, with several other investors also adding or increasing their positions in CVX.

Among notable investors, American Capital Advisory LLC significantly increased its stake by 403.2% in the first quarter, while Anfield Capital Management LLC boosted its position by 118.0% in the second quarter. New positions were also established by Frank Rimerman Advisors LLC and Cooksen Wealth LLC during the fourth quarter. Overall, 72.42% of Chevron’s stock is currently owned by institutional investors and hedge funds.

Chevron’s stock opened at $145.68 on Monday, exhibiting a current ratio of 1.16, a quick ratio of 0.85, and a debt-to-equity ratio of 0.13. The company boasts a market capitalization of $268.48 billion, a P/E ratio of 13.40, a PEG ratio of 2.48, and a beta of 1.09.

The company’s recent quarterly dividend of $1.63, paid on September 10th, represents a $6.52 annualized dividend and a yield of 4.48%. Chevron’s dividend payout ratio (DPR) currently stands at 59.98%.

However, analyst sentiment towards Chevron remains mixed. While some firms, like Scotiabank, maintain a “sector outperform” rating, others, including Sanford C. Bernstein, have downgraded their rating from “outperform” to “market perform.” Currently, seven research analysts rate the stock as a “hold” while thirteen assign a “buy” rating. MarketBeat data indicates an average rating of “Moderate Buy” and an average price target of $182.41.

Chevron Corporation operates in two segments: Upstream, which focuses on oil and gas exploration, production, and transportation, and Downstream, which deals with refining, marketing, and chemicals.

While institutional investors continue to show confidence in Chevron, the company faces a complex landscape with mixed analyst sentiment and ongoing volatility in the energy sector.

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