Capital Advisors Inc. OK Purchases 1,755 Shares of Chevron Corporation (NYSE:CVX)

Capital Advisors Inc. OK boosted its position in Chevron Corporation (NYSE:CVX - Free Report) by 0.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 569,258 shares of the oil and gas company's stock after purchasing an additional 1,755 shares during the period. Chevron comprises 1.9% of Capital Advisors Inc. OK's investment portfolio, making the stock its 11th biggest position. Capital Advisors Inc. OK's holdings in Chevron were worth $95,231,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CVX. IMG Wealth Management Inc. bought a new stake in Chevron in the 4th quarter worth about $25,000. Life Planning Partners Inc purchased a new position in Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. purchased a new position in Chevron in the fourth quarter valued at about $29,000. 10Elms LLP purchased a new position in Chevron in the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC boosted its stake in Chevron by 75.9% in 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 last quarter. 72.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho dropped their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. UBS Group lowered their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Barclays boosted their price objective on Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday. TD Cowen lowered their price objective on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Finally, BNP Paribas cut Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.65.

Chevron Price Performance

Shares of Chevron stock traded up $1.18 on Thursday, hitting $154.20. 8,389,439 shares of the company traded hands, compared to its average volume of 8,339,601. The firm's 50-day simple moving average is $141.92 and its 200 day simple moving average is $148.25. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The company has a market cap of $269.29 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.64 and a beta of 0.83. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results 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. The company 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 was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.93 EPS. Analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Monday, May 19th. Chevron's payout ratio is presently 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.