Aurora Private Wealth Inc. Purchases New Holdings in Chevron Corporation (NYSE:CVX)

Aurora Private Wealth Inc. bought a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,114 shares of the oil and gas company's stock, valued at approximately $5,540,000. Chevron accounts for about 1.4% of Aurora Private Wealth Inc.'s holdings, making the stock its 12th biggest holding.

A number of other institutional investors have also made changes to their positions in CVX. Eagle Capital Management LLC lifted its stake in Chevron by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock worth $5,011,000 after purchasing an additional 242 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in Chevron by 7.9% in the 4th 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 acquiring an additional 2,641 shares in the last quarter. Cookson Peirce & Co. Inc. grew its position in Chevron by 4.6% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,309 shares of the oil and gas company's stock valued at $334,000 after acquiring an additional 101 shares in the last quarter. Assetmark Inc. increased its stake in Chevron by 21.1% during the fourth quarter. Assetmark Inc. now owns 169,436 shares of the oil and gas company's stock worth $24,541,000 after purchasing an additional 29,532 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in shares of Chevron by 59.5% during the fourth quarter. Proficio Capital Partners LLC now owns 5,851 shares of the oil and gas company's stock worth $847,000 after purchasing an additional 2,182 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVX has been the subject of a number of research reports. TD Cowen dropped their price objective on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a report on Monday, May 5th. Scotiabank downgraded shares of Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $160.00 to $143.00 in a research note on Friday, April 11th. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Piper Sandler lifted their target price on Chevron from $162.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Redburn Atlantic restated a "sell" rating and set a $124.00 price target (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.41.

Chevron Stock Up 0.2%

CVX stock traded up $0.25 during midday trading on Friday, reaching $148.23. 5,173,309 shares of the company were exchanged, compared to its average volume of 8,273,025. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96. The stock's 50-day simple moving average is $140.97 and its 200 day simple moving average is $148.07. The company has a market cap of $258.86 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last announced 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 net margin of 7.76% and a return on equity of 10.73%. The firm had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. During the same period in the previous year, the company earned $2.93 earnings per share. Chevron's quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's payout ratio is currently 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.