6,532 Shares in Chevron Corporation (NYSE:CVX) Bought by Calton & Associates Inc.

Calton & Associates Inc. bought a new stake in Chevron Corporation (NYSE:CVX - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,532 shares of the oil and gas company's stock, valued at approximately $1,093,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. acquired a new position in Chevron in the 4th quarter valued at about $29,000. 10Elms LLP acquired a new position in Chevron in the 4th quarter valued at about $29,000. IFS Advisors LLC increased its position in Chevron by 119.6% in the 1st 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. Navigoe LLC acquired a new position in Chevron in the 4th quarter valued at about $33,000. Finally, Cloud Capital Management LLC acquired a new position in Chevron during the 1st quarter worth approximately $39,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CVX has been the subject of a number of research analyst reports. HSBC downgraded Chevron from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $176.00 to $158.00 in a report on Tuesday, May 13th. Mizuho lowered their price target on Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. DZ Bank downgraded Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target for the company. in a report on Tuesday, May 6th. Hsbc Global Res downgraded Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, UBS Group lowered their price target on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $162.13.

Chevron Price Performance

Shares of CVX stock traded up $2.23 during trading hours on Wednesday, hitting $152.27. 4,616,131 shares of the company's stock were exchanged, compared to its average volume of 9,413,363. 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 Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The company has a market capitalization of $265.93 billion, a PE ratio of 17.40, a PEG ratio of 2.47 and a beta of 0.83. The business's 50 day simple moving average is $144.04 and its 200-day simple moving average is $148.68.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. The business had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.93 earnings per share. On average, 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 declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.49%. The ex-dividend date 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.