Allen Capital Group LLC Has $6.80 Million Holdings in Chevron Corporation (NYSE:CVX)

Allen Capital Group LLC boosted its stake in Chevron Corporation (NYSE:CVX - Free Report) by 38.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,631 shares of the oil and gas company's stock after acquiring an additional 11,217 shares during the quarter. Allen Capital Group LLC's holdings in Chevron were worth $6,797,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkeley Capital Partners LLC boosted its stake in shares of Chevron by 0.4% during the 4th quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company's stock valued at $2,572,000 after buying an additional 67 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of Chevron by 0.3% during the 4th quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company's stock valued at $4,091,000 after buying an additional 71 shares during the last quarter. Clayton Financial Group LLC boosted its stake in shares of Chevron by 4.6% during the 1st quarter. Clayton Financial Group LLC now owns 1,702 shares of the oil and gas company's stock valued at $285,000 after buying an additional 75 shares during the last quarter. Requisite Capital Management LLC boosted its stake in shares of Chevron by 1.2% during the 1st quarter. Requisite Capital Management LLC now owns 6,362 shares of the oil and gas company's stock valued at $1,064,000 after buying an additional 77 shares during the last quarter. Finally, Silverlake Wealth Management LLC boosted its stake in shares of Chevron by 0.7% during the 1st quarter. Silverlake Wealth Management LLC now owns 10,929 shares of the oil and gas company's stock valued at $1,828,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Price Performance

CVX stock traded up $1.63 during trading hours on Thursday, hitting $151.55. 8,351,894 shares of the stock traded hands, compared to its average volume of 8,993,993. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The company has a market cap of $264.66 billion, a P/E ratio of 17.32, a P/E/G ratio of 2.56 and a beta of 0.83. The stock has a 50-day simple moving average of $143.53 and a 200 day simple moving average of $148.55.

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

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.51%. Chevron's dividend payout ratio (DPR) is 78.17%.

Analyst Ratings Changes

CVX has been the subject of several research analyst reports. Redburn Atlantic reiterated a "sell" rating and set a $124.00 target price (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Scotiabank restated a "sector perform" rating and set a $160.00 price objective (up from $143.00) on shares of Chevron in a research note on Friday, July 11th. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Wells Fargo & Company restated an "overweight" rating and set a $165.00 price objective (up from $164.00) on shares of Chevron in a research note on Thursday, June 26th. Finally, TD Cowen reduced their price objective on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Chevron currently has a consensus rating of "Hold" and an average target price of $161.65.

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.