Chevron Co. (NYSE:CVX) Stock Position Increased by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in Chevron Co. (NYSE:CVX - Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,158,508 shares of the oil and gas company's stock after acquiring an additional 74,495 shares during the period. Captrust Financial Advisors owned approximately 0.06% of Chevron worth $167,798,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CVX. Norges Bank purchased a new stake in shares of Chevron during the 4th quarter worth about $3,017,750,000. Raymond James Financial Inc. purchased a new stake in Chevron during the fourth quarter worth approximately $1,036,302,000. Bank of New York Mellon Corp increased its position in shares of Chevron by 17.3% in the fourth quarter. Bank of New York Mellon Corp now owns 16,496,687 shares of the oil and gas company's stock worth $2,389,380,000 after acquiring an additional 2,432,756 shares in the last quarter. Amundi lifted its holdings in shares of Chevron by 27.7% during the 4th quarter. Amundi now owns 8,806,050 shares of the oil and gas company's stock valued at $1,323,549,000 after acquiring an additional 1,910,262 shares in the last quarter. Finally, Capital World Investors boosted its position in Chevron by 11.4% during the 4th quarter. Capital World Investors now owns 14,079,656 shares of the oil and gas company's stock worth $2,039,288,000 after purchasing an additional 1,440,808 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of Chevron stock traded up $0.37 during trading hours on Tuesday, reaching $135.87. The company's stock had a trading volume of 9,896,842 shares, compared to its average volume of 7,982,017. Chevron Co. has a one year low of $132.04 and a one year high of $168.96. The company's 50 day simple moving average is $148.95 and its 200 day simple moving average is $152.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock has a market cap of $239.22 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The company had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. Chevron's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 earnings per share. As a group, analysts expect that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 5.03%. Chevron's dividend payout ratio is currently 78.17%.

Analyst Ratings Changes

A number of research analysts have commented on CVX shares. DZ Bank cut Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research note on Tuesday. Scotiabank cut Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $160.00 to $143.00 in a report on Friday, April 11th. Royal Bank of Canada reissued an "outperform" rating and set a $175.00 target price on shares of Chevron in a research report on Monday, February 3rd. Raymond James lowered their price target on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, TD Cowen cut their price objective on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a report on Monday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $161.25.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the completion of the transaction, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company's stock.

Chevron 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.