Chevron Corporation (NYSE:CVX) Shares Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its holdings in Chevron Corporation (NYSE:CVX) by 45.2%, owning a total of 35,664 shares worth approximately $5.97 million after acquiring an additional 11,103 shares in the 1st quarter.
• Chevron recently announced a quarterly dividend of $1.71, which translates to an annual yield of 4.5%, with a payout ratio of 88.03%.
• The company's latest earnings report revealed an EPS of $1.77, surpassing analysts' expectations, despite a 12.4% decline in revenue compared to the previous year.

Callan Family Office LLC increased its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 45.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,664 shares of the oil and gas company's stock after acquiring an additional 11,103 shares during the period. Callan Family Office LLC's holdings in Chevron were worth $5,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tlwm grew its holdings in Chevron by 1.1% during the first quarter. Tlwm now owns 9,506 shares of the oil and gas company's stock worth $1,590,000 after acquiring an additional 102 shares during the period. Stone House Investment Management LLC acquired a new position in Chevron during the first quarter worth $175,000. HighTower Advisors LLC grew its holdings in Chevron by 2.4% in the first quarter. HighTower Advisors LLC now owns 2,313,831 shares of the oil and gas company's stock valued at $387,081,000 after purchasing an additional 53,241 shares during the last quarter. Taylor Hoffman Capital Management LLC grew its holdings in Chevron by 10.2% in the first quarter. Taylor Hoffman Capital Management LLC now owns 2,912 shares of the oil and gas company's stock valued at $491,000 after purchasing an additional 270 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its holdings in Chevron by 8.8% in the first quarter. Delos Wealth Advisors LLC now owns 2,565 shares of the oil and gas company's stock valued at $429,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Up 0.9%

Shares of Chevron stock traded up $1.36 during trading hours on Friday, reaching $156.52. The stock had a trading volume of 11,613,242 shares, compared to its average volume of 11,908,853. The firm has a 50 day simple moving average of $150.13 and a two-hundred day simple moving average of $148.59. The firm has a market capitalization of $270.46 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.33 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.19. Chevron had a return on equity of 9.90% and a net margin of 7.02%. The business had revenue of $44.82 billion during the quarter, compared to analyst estimates of $44.59 billion. During the same quarter last year, the firm earned $2.55 earnings per share. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, August 19th. Chevron's dividend payout ratio (DPR) is 88.03%.

Analyst Upgrades and Downgrades

CVX has been the topic of several research reports. UBS Group reissued a "buy" rating and issued a $186.00 target price (up previously from $177.00) on shares of Chevron in a report on Monday, August 4th. Redburn Atlantic restated a "sell" rating and issued a $124.00 price objective (down from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Evercore ISI restated an "outperform" rating and issued a $180.00 price objective on shares of Chevron in a research report on Thursday, July 31st. Scotiabank restated a "sector perform" rating and issued a $160.00 price objective (up from $143.00) on shares of Chevron in a research report on Friday, July 11th. Finally, TD Cowen upped their price objective on Chevron from $150.00 to $155.00 and gave the company a "hold" rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Chevron currently has a consensus rating of "Hold" and an average price target of $164.11.

Chevron Company 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.