2,176 Shares in Chevron Corporation (NYSE:CVX) Acquired by Acas LLC

Acas LLC bought a new stake in Chevron Corporation (NYSE:CVX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 2,176 shares of the oil and gas company's stock, valued at approximately $364,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Life Planning Partners Inc acquired a new stake in Chevron in the 4th quarter worth $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron in the 4th quarter worth $29,000. 10Elms LLP acquired a new stake in Chevron in the 4th quarter worth $29,000. Navigoe LLC acquired a new stake in Chevron in the 4th quarter worth $33,000. Finally, IFS Advisors LLC grew its position in Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 116 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

Shares of NYSE CVX traded down $1.59 during trading on Friday, reaching $149.79. The company had a trading volume of 45,762,307 shares, compared to its average volume of 8,533,068. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The stock has a market cap of $261.59 billion, a PE ratio of 17.12, a PEG ratio of 2.45 and a beta of 0.83. 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 business's 50 day moving average price is $143.81 and its 200-day moving average price is $148.61.

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

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio (DPR) is 78.17%.

Analyst Ratings Changes

Several research firms have issued reports on CVX. Piper Sandler restated an "overweight" rating on shares of Chevron in a research report on Tuesday. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and decreased their target price for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Scotiabank reiterated a "sector perform" rating and set a $160.00 target price (up from $143.00) on shares of Chevron in a research report on Friday, July 11th. UBS Group decreased their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Redburn Atlantic reiterated a "sell" rating and set a $124.00 target price (down from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $161.31.

About Chevron

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.