Chevron Corporation (NYSE:CVX) Shares Bought by Bolthouse Investments LLC

Bolthouse Investments LLC grew its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 63.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,346 shares of the oil and gas company's stock after purchasing an additional 2,839 shares during the period. Chevron comprises about 1.3% of Bolthouse Investments LLC's portfolio, making the stock its 20th biggest position. Bolthouse Investments LLC's holdings in Chevron were worth $1,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Capital Management LLC increased its stake in shares of 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 buying an additional 242 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Chevron by 7.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company's stock worth $5,212,000 after buying an additional 2,641 shares during the period. Proficio Capital Partners LLC increased its stake 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 buying an additional 2,182 shares during the period. Inceptionr LLC purchased a new stake in shares of Chevron during the fourth quarter worth approximately $760,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Chevron during the fourth quarter worth approximately $1,769,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of CVX traded up $5.49 during mid-day trading on Tuesday, reaching $152.89. 6,914,277 shares of the company's stock were exchanged, compared to its average volume of 8,282,961. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a market capitalization of $267.01 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. The business's fifty day simple moving average is $141.31 and its 200-day simple moving average is $148.18. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $49.05 billion. During the same period last year, the company earned $2.93 earnings per share. The company's revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's dividend payout ratio is presently 78.17%.

Analyst Ratings Changes

A number of analysts recently weighed in on CVX shares. Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research note on Tuesday, May 6th. Wells Fargo & Company reiterated an "overweight" rating and issued a $165.00 price target (up from $164.00) on shares of Chevron in a research note on Thursday, June 26th. Piper Sandler increased their price target on shares of Chevron from $162.00 to $164.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Finally, Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $160.65.

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.