Chevron Corporation (NYSE:CVX) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 820,518 shares of the oil and gas company's stock after purchasing an additional 40,293 shares during the period. Asset Management One Co. Ltd.'s holdings in Chevron were worth $137,264,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Eagle Capital Management LLC lifted its stake in shares of Chevron by 0.7% in the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock valued at $5,011,000 after purchasing an additional 242 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Chevron by 7.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company's stock valued at $5,212,000 after buying an additional 2,641 shares in the last quarter. BCGM Wealth Management LLC increased its position in shares of Chevron by 33.8% in the fourth quarter. BCGM Wealth Management LLC now owns 2,191 shares of the oil and gas company's stock valued at $317,000 after buying an additional 553 shares in the last quarter. Black Diamond Financial LLC increased its position in shares of Chevron by 127.3% in the fourth quarter. Black Diamond Financial LLC now owns 4,378 shares of the oil and gas company's stock valued at $634,000 after buying an additional 2,452 shares in the last quarter. Finally, Partners Wealth Management LLC purchased a new position in shares of Chevron in the fourth quarter valued at $316,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DZ Bank cut Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target for the company. in a research report on Tuesday, May 6th. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Scotiabank cut Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the company from $160.00 to $143.00 in a research report on Friday, April 11th. Mizuho dropped their price target on Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Finally, HSBC cut Chevron from a "buy" rating to a "hold" rating and dropped their price target for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $160.24.

Chevron Trading Down 2.2%

NYSE:CVX traded down $3.20 during mid-day trading on Tuesday, reaching $143.67. The company's stock had a trading volume of 10,765,235 shares, compared to its average volume of 8,251,708. The company's fifty day simple moving average is $139.78 and its two-hundred day simple moving average is $148.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The stock has a market cap of $250.90 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.58 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. During the same period last year, the company earned $2.93 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's dividend payout ratio is currently 78.17%.

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.