Bordeaux Wealth Advisors LLC Buys 2,250 Shares of Chevron Corporation (NYSE:CVX)

Bordeaux Wealth Advisors LLC lifted its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 70.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,446 shares of the oil and gas company's stock after acquiring an additional 2,250 shares during the period. Bordeaux Wealth Advisors LLC's holdings in Chevron were worth $911,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in shares of Chevron in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc bought a new position in Chevron in the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. acquired a new position in Chevron during the fourth quarter valued at approximately $29,000. 10Elms LLP bought a new stake in Chevron during the fourth quarter worth $29,000. Finally, Fairway Wealth LLC lifted its stake in Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 88 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CVX has been the subject of several research analyst reports. Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Redburn Atlantic restated a "sell" rating and issued a $124.00 price target (down from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. TD Cowen cut their price target on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Barclays downgraded Chevron from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. Finally, Scotiabank downgraded Chevron from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $160.00 to $143.00 in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $160.41.

Chevron Stock Up 1.6%

Shares of NYSE CVX traded up $2.34 during midday trading on Wednesday, hitting $147.91. 7,915,641 shares of the stock traded hands, compared to its average volume of 8,260,015. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The business has a 50 day moving average price of $140.56 and a two-hundred day moving average price of $148.08. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The company has a market cap of $258.31 billion, a PE ratio of 16.90, a P/E/G ratio of 2.51 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $49.05 billion. During the same period in the previous year, the company posted $2.93 EPS. The company's revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently declared 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. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's payout ratio is currently 78.17%.

About Chevron

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.