Blair William & Co. IL Acquires 5,014 Shares of Chevron Corporation (NYSE:CVX)

Key Points

• Blair William & Co. IL increased its holdings in Chevron Corporation by 0.8%, owning 656,428 shares worth approximately $109.8 million after acquiring 5,014 additional shares in Q1.
• Chevron's recent earnings report showed $1.77 earnings per share for the quarter, exceeding estimates, despite a 12.4% year-over-year decline in revenue.
• Analysts have mixed views on Chevron, with a consensus rating of "Hold" and a target price averaging $163.18, amidst various upgrade and downgrade adjustments from different brokerages.

Blair William & Co. IL lifted its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 656,428 shares of the oil and gas company's stock after acquiring an additional 5,014 shares during the period. Blair William & Co. IL's holdings in Chevron were worth $109,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its stake in Chevron by 420.7% during the first quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 122 shares in the last quarter. 10Elms LLP bought a new stake in shares of Chevron during the fourth quarter worth $29,000. IFS Advisors LLC increased its holdings in shares of Chevron by 119.6% during the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after buying an additional 116 shares in the last quarter. Navigoe LLC bought a new position in shares of Chevron in the 4th quarter valued at $33,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of Chevron during the 1st quarter valued at $39,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Down 0.2%

NYSE CVX traded down $0.31 on Friday, hitting $151.33. 10,704,924 shares of the company were exchanged, compared to its average volume of 12,807,201. 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 $264.28 billion, a PE ratio of 19.48, a PEG ratio of 2.31 and a beta of 0.87. The stock has a fifty day moving average of $146.86 and a 200-day moving average of $148.73. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.19. Chevron had a net margin of 7.02% and a return on equity of 9.80%. The company had revenue of $44.82 billion for the quarter, compared to analysts' expectations of $44.59 billion. During the same quarter in the prior year, the firm earned $2.55 EPS. The business's revenue was down 12.4% on a year-over-year basis. As a group, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on CVX shares. Scotiabank reiterated a "sector perform" rating and issued a $160.00 target price (up from $143.00) on shares of Chevron in a research report on Friday, July 11th. DZ Bank downgraded shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price on the stock. in a research report on Tuesday, May 6th. Mizuho reduced their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and dropped their price target for the company from $176.00 to $158.00 in a research note on Tuesday, May 13th. Finally, Redburn Atlantic reissued a "sell" rating and issued a $124.00 price objective (down previously from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $163.18.

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.