Bailard Inc. Grows Stock Position in Chevron Corporation (NYSE:CVX)

Bailard Inc. increased its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,286 shares of the oil and gas company's stock after buying an additional 3,075 shares during the period. Bailard Inc.'s holdings in Chevron were worth $14,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CVX. Life Planning Partners Inc purchased a new position in shares of Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Chevron during the 4th quarter valued at about $29,000. 10Elms LLP bought a new stake in shares of Chevron during the 4th quarter valued at about $29,000. Navigoe LLC bought a new stake in shares of Chevron during the 4th quarter valued at about $33,000. Finally, IFS Advisors LLC boosted its stake in shares of Chevron by 119.6% during the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after purchasing an additional 116 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Trading Down 1.1%

NYSE:CVX traded down $1.59 during trading hours on Friday, hitting $149.79. 45,762,307 shares of the company were exchanged, compared to its average volume of 8,540,907. The company has a fifty day simple moving average of $144.04 and a 200 day simple moving average of $148.64. Chevron Corporation has a one year low of $132.04 and a one year 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 stock has a market capitalization of $261.59 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.15 by $0.03. The company had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $2.93 EPS. Sell-side analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were paid a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.57%. Chevron's payout ratio is presently 78.17%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Redburn Atlantic reissued a "sell" rating and set a $124.00 price objective (down previously from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Wells Fargo & Company reissued an "overweight" rating and issued a $165.00 price objective (up from $164.00) on shares of Chevron in a research note on Thursday, June 26th. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and dropped their target price for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price for the company. in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Chevron in a research report on Friday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $161.31.

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.