Bogart Wealth LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 9.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,245 shares of the oil and gas company's stock after purchasing an additional 7,228 shares during the period. Chevron accounts for approximately 0.6% of Bogart Wealth LLC's holdings, making the stock its 28th largest holding. Bogart Wealth LLC's holdings in Chevron were worth $13,759,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in shares of Chevron in the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Chevron in the 4th quarter valued at $29,000. 10Elms LLP bought a new position in shares of Chevron in the 4th quarter worth $29,000. IFS Advisors LLC boosted its position in shares of Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 116 shares during the last quarter. Finally, Navigoe LLC bought a new position in shares of Chevron in the 4th quarter worth $33,000. 72.42% of the stock is owned by institutional investors and hedge funds.
Chevron Stock Down 0.3%
Shares of Chevron stock traded down $0.49 during trading on Tuesday, reaching $151.16. The stock had a trading volume of 2,377,730 shares, compared to its average volume of 8,346,803. The company has a market capitalization of $263.98 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 2.63 and a beta of 0.83. The stock has a fifty day moving average price of $142.95 and a two-hundred day moving average price of $148.52. Chevron Corporation has a 52 week low of $132.04 and a 52 week 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.
Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The company had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.93 earnings per share. Sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.
Chevron Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio is currently 78.17%.
Analyst Ratings Changes
Several research firms have recently issued reports on CVX. Piper Sandler raised their price target on Chevron from $162.00 to $164.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Scotiabank restated a "sector perform" rating and issued a $160.00 price target (up from $143.00) on shares of Chevron in a research report on Friday. DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research report on Tuesday, May 6th. Barclays raised their price target on Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Finally, Mizuho reduced their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $161.65.
Read Our Latest Stock Report on CVX
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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