Chevron Corporation (NYSE:CVX) Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK grew its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 569,258 shares of the oil and gas company's stock after acquiring an additional 1,755 shares during the quarter. Chevron comprises 1.9% of Capital Advisors Inc. OK's holdings, making the stock its 11th largest holding. Capital Advisors Inc. OK's holdings in Chevron were worth $95,231,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Eagle Capital Management LLC lifted its stake in shares of Chevron by 0.7% during the 4th quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock valued at $5,011,000 after buying an additional 242 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Chevron by 7.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company's stock valued at $5,212,000 after acquiring an additional 2,641 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Chevron by 59.5% in the 4th quarter. Proficio Capital Partners LLC now owns 5,851 shares of the oil and gas company's stock valued at $847,000 after acquiring an additional 2,182 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Chevron in the 4th quarter valued at about $1,769,000. Finally, Lifeworks Advisors LLC raised its holdings in shares of Chevron by 58.2% during the 4th quarter. Lifeworks Advisors LLC now owns 2,500 shares of the oil and gas company's stock valued at $362,000 after buying an additional 920 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CVX shares. Barclays raised their price objective on Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a report on Monday. UBS Group dropped their price target on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Mizuho dropped their price target on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $165.00 price target (up previously from $164.00) on shares of Chevron in a research report on Thursday, June 26th. 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. According to data from MarketBeat, Chevron has a consensus rating of "Hold" and a consensus target price of $160.65.

Chevron Stock Up 3.8%

NYSE CVX traded up $5.64 during midday trading on Tuesday, hitting $153.04. 14,057,452 shares of the company traded hands, compared to its average volume of 8,322,629. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The company has a market cap of $267.27 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. The company's 50-day simple moving average is $141.31 and its 200-day simple moving average is $148.18. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion during 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 quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 EPS. As a group, equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.47%. Chevron's dividend payout ratio (DPR) is 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.