33,114 Shares in Chevron Corporation (NYSE:CVX) Bought by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. purchased a new position in Chevron Corporation (NYSE:CVX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,114 shares of the oil and gas company's stock, valued at approximately $5,540,000. Chevron comprises about 1.4% of Aurora Private Wealth Inc.'s investment portfolio, making the stock its 12th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Financial Planning Inc. boosted its stake in shares of Chevron by 8.6% during the first quarter. Sterling Financial Planning Inc. now owns 2,027 shares of the oil and gas company's stock valued at $339,000 after purchasing an additional 161 shares during the period. Davidson Trust Co. raised its holdings in shares of Chevron by 0.5% during the first quarter. Davidson Trust Co. now owns 26,160 shares of the oil and gas company's stock valued at $4,376,000 after acquiring an additional 131 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in Chevron by 4.5% in the first quarter. Checchi Capital Advisers LLC now owns 22,227 shares of the oil and gas company's stock worth $3,718,000 after acquiring an additional 953 shares during the period. Castle Wealth Management LLC lifted its stake in Chevron by 10.6% in the first quarter. Castle Wealth Management LLC now owns 6,920 shares of the oil and gas company's stock worth $1,158,000 after acquiring an additional 666 shares during the period. Finally, North Capital Inc. purchased a new position in Chevron during the 1st quarter valued at $99,000. 72.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CVX has been the topic of a number of research reports. Redburn Atlantic reaffirmed a "sell" rating and set a $124.00 target price (down previously from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Hsbc Global Res lowered Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. HSBC lowered Chevron from a "buy" rating to a "hold" rating and lowered their price objective for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective for the company. in a research report on Tuesday, May 6th. Finally, TD Cowen lowered their price objective on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Three 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. According to data from MarketBeat.com, Chevron has a consensus rating of "Hold" and a consensus price target of $160.65.

Chevron Price Performance

CVX traded down $0.97 during trading on Monday, hitting $147.40. The company's stock had a trading volume of 9,459,288 shares, compared to its average volume of 8,286,464. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The business's fifty day simple moving average is $141.16 and its 200 day simple moving average is $148.15. The firm has a market capitalization of $257.42 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.51 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 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 the consensus estimate of $49.05 billion. During the same quarter last year, the business posted $2.93 earnings per share. The firm'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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.64%. 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.