1,980 Shares in Chevron Corporation (NYSE:CVX) Bought by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. bought a new stake in Chevron Corporation (NYSE:CVX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,980 shares of the oil and gas company's stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVX. Berkeley Capital Partners LLC raised its stake in 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 purchasing an additional 67 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in Chevron by 6.1% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company's stock worth $171,000 after buying an additional 68 shares in the last quarter. CoreCap Advisors LLC increased its stake in Chevron by 0.3% during the fourth quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company's stock valued at $4,091,000 after acquiring an additional 71 shares during the period. Fairscale Capital LLC increased its stake in Chevron by 11.5% during the fourth quarter. Fairscale Capital LLC now owns 706 shares of the oil and gas company's stock valued at $102,000 after acquiring an additional 73 shares during the period. Finally, Austin Wealth Management LLC raised its holdings in Chevron by 3.2% in the 4th quarter. Austin Wealth Management LLC now owns 2,364 shares of the oil and gas company's stock valued at $342,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Analysts Set New Price Targets

CVX has been the topic of several recent research 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 report on Wednesday, April 23rd. BNP Paribas cut Chevron to a "cautious" rating in a report on Tuesday, April 15th. UBS Group decreased their price target on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company reissued an "overweight" rating and set a $165.00 price objective (up from $164.00) on shares of Chevron in a report on Thursday, June 26th. Finally, Scotiabank downgraded shares of Chevron from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $160.00 to $143.00 in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Chevron currently has an average rating of "Hold" and a consensus target price of $160.41.

Chevron Price Performance

NYSE CVX traded up $2.34 during trading on Wednesday, hitting $147.91. 8,227,091 shares of the company's stock were exchanged, compared to its average volume of 8,261,205. The stock's 50 day moving average price is $140.56 and its two-hundred day moving average price is $148.08. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The company has a market cap of $258.31 billion, a PE ratio of 16.90, a P/E/G ratio of 2.51 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last posted 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 firm had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter 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. Research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 4.62%. The ex-dividend date was Monday, May 19th. Chevron's payout ratio is 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.