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Calamos Advisors LLC Purchases 4,557 Shares of Chevron Corporation (NYSE:CVX)

Chevron logo with Energy background

Calamos Advisors LLC increased its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 469,984 shares of the oil and gas company's stock after acquiring an additional 4,557 shares during the quarter. Calamos Advisors LLC's holdings in Chevron were worth $78,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IMG Wealth Management Inc. bought a new position in shares of Chevron during the 4th quarter worth about $25,000. Mizuho Securities Co. Ltd. bought a new position in Chevron during the fourth quarter valued at about $29,000. 10Elms LLP bought a new position in Chevron during the fourth quarter valued at about $29,000. Fairway Wealth LLC increased 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 valued at $30,000 after acquiring an additional 88 shares during the period. Finally, IFS Advisors LLC increased its stake in Chevron by 119.6% during the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after acquiring an additional 116 shares during the period. Institutional investors own 72.42% of the company's stock.

Chevron Price Performance

NYSE CVX traded up $0.25 during trading hours on Friday, reaching $148.23. 5,173,309 shares of the company's stock were exchanged, compared to its average volume of 8,281,546. The stock has a market cap of $258.86 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The firm has a fifty day moving average of $141.16 and a 200-day moving average of $148.10. 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 announced its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. The company had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 earnings per share. On average, equities research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's dividend payout ratio is currently 78.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Mizuho lowered their price objective on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Scotiabank cut Chevron from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $160.00 to $143.00 in a research report on Friday, April 11th. UBS Group lowered their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company reissued an "overweight" rating and issued a $165.00 price target (up previously from $164.00) on shares of Chevron in a report on Thursday, June 26th. Finally, TD Cowen lowered their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Three equities research 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $160.41.

View Our Latest Analysis on Chevron

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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