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Aurdan Capital Management LLC Has $5.08 Million Stake in Chevron Corporation (NYSE:CVX)

Chevron logo with Energy background

Aurdan Capital Management LLC reduced its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 14.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,341 shares of the oil and gas company's stock after selling 5,309 shares during the quarter. Chevron accounts for 1.9% of Aurdan Capital Management LLC's holdings, making the stock its 13th biggest position. Aurdan Capital Management LLC's holdings in Chevron were worth $5,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sage Capital Advisors llc raised its holdings in shares of Chevron by 2.2% during the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock valued at $7,097,000 after acquiring an additional 919 shares during the period. CCG Wealth Management LLC raised its holdings in shares of Chevron by 2.3% during the first quarter. CCG Wealth Management LLC now owns 6,334 shares of the oil and gas company's stock valued at $1,060,000 after acquiring an additional 145 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Chevron by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 143,914 shares of the oil and gas company's stock valued at $24,075,000 after acquiring an additional 675 shares during the period. Pines Wealth Management LLC raised its holdings in shares of Chevron by 3.3% during the first quarter. Pines Wealth Management LLC now owns 7,808 shares of the oil and gas company's stock valued at $1,306,000 after acquiring an additional 253 shares during the period. Finally, Viking Fund Management LLC raised its holdings in shares of Chevron by 9.3% during the first quarter. Viking Fund Management LLC now owns 117,000 shares of the oil and gas company's stock valued at $19,573,000 after acquiring an additional 10,000 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Performance

NYSE:CVX traded up $1.21 during midday trading on Friday, reaching $155.38. The stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,359,711. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96. The firm's fifty day simple moving average is $142.62 and its 200-day simple moving average is $148.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a market capitalization of $271.35 billion, a P/E ratio of 17.76, a PEG ratio of 2.63 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 (EPS) for the quarter, beating 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 business had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. During the same period last year, the business posted $2.93 EPS. Chevron's revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that Chevron Corporation will post 10.79 EPS 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 paid a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.40%. Chevron's payout ratio is presently 78.17%.

Analyst Ratings Changes

Several research analysts have weighed in on CVX shares. Barclays upped their price objective on shares of Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and cut their target price for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Scotiabank increased their target price on shares of Chevron from $143.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Friday. Piper Sandler increased their target price on shares of Chevron from $162.00 to $164.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Finally, Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of "Hold" and a consensus price target of $161.65.

Get Our Latest Research Report on Chevron

Chevron Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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