Alpine Woods Capital Investors LLC Has $1.23 Million Stake in Chevron Corporation (NYSE:CVX)

Alpine Woods Capital Investors LLC reduced its position in Chevron Corporation (NYSE:CVX - Free Report) by 50.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,360 shares of the oil and gas company's stock after selling 7,376 shares during the period. Alpine Woods Capital Investors LLC's holdings in Chevron were worth $1,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CVX. IMG Wealth Management Inc. acquired a new position in Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Chevron in the fourth quarter valued at about $29,000. 10Elms LLP bought a new stake in shares of Chevron in the fourth quarter valued at about $29,000. IFS Advisors LLC lifted its holdings in shares of Chevron by 119.6% in the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after purchasing an additional 116 shares in the last quarter. Finally, Navigoe LLC bought a new stake in Chevron during the fourth quarter worth about $33,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVX has been the topic of a number of recent analyst reports. Barclays boosted their price target on Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. BNP Paribas lowered Chevron to a "cautious" rating in a research note on Tuesday, April 15th. TD Cowen reduced their price target on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Piper Sandler raised their target price on Chevron from $162.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Redburn Atlantic reaffirmed a "sell" rating and issued a $124.00 target price (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $161.65.

Chevron Trading Up 0.8%

Shares of CVX stock traded up $1.21 during mid-day trading on Friday, hitting $155.38. The company's stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,352,057. The company's fifty day simple moving average is $142.62 and its 200-day simple moving average is $148.41. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. 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 cap of $271.35 billion, a PE ratio of 17.76, a P/E/G ratio of 2.61 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data 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. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same period last year, the company posted $2.93 EPS. The business's quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's payout ratio is 78.17%.

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.