1,878 Shares in Chevron Corporation (NYSE:CVX) Bought by Balefire LLC

Balefire LLC bought a new position in Chevron Corporation (NYSE:CVX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,878 shares of the oil and gas company's stock, valued at approximately $314,000.

A number of other large investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position in Chevron by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 36,269,270 shares of the oil and gas company's stock worth $5,247,142,000 after buying an additional 392,916 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Chevron by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,855,566 shares of the oil and gas company's stock valued at $4,613,960,000 after purchasing an additional 746,806 shares in the last quarter. Norges Bank purchased a new position in shares of Chevron in the fourth quarter valued at $3,017,750,000. Northern Trust Corp grew its position in shares of Chevron by 7.3% in the fourth quarter. Northern Trust Corp now owns 20,471,800 shares of the oil and gas company's stock valued at $2,965,135,000 after purchasing an additional 1,394,091 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Chevron by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,892,848 shares of the oil and gas company's stock valued at $2,881,280,000 after purchasing an additional 410,460 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Up 0.8%

CVX stock opened at $144.40 on Friday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The business's 50 day moving average price is $140.08 and its two-hundred day moving average price is $148.37. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The company has a market capitalization of $252.18 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.03. The company had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.93 EPS. As a group, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were paid a dividend of $1.71 per share. The ex-dividend date was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.74%. Chevron's dividend payout ratio is 78.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CVX shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $165.00 price target (up from $164.00) on shares of Chevron in a research report on Thursday. Scotiabank cut Chevron from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. BNP Paribas cut Chevron to a "cautious" rating in a report on Tuesday, April 15th. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, UBS Group cut their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $160.29.

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.

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