Capital Analysts LLC Has $7.57 Million Stock Holdings in Chevron Corporation $CVX

Key Points

• Capital Analysts LLC increased its stake in Chevron Corporation by 5.7%, bringing its total holdings to 45,230 shares valued at approximately $7.57 million.
• Chevron's stock has experienced a 2.0% decline, with a current trading price of $152.21, compared to a one-year high of $168.96.
• The company declared a quarterly dividend of $1.71 per share, resulting in an annualized dividend yield of 4.5% as of the latest reporting period.

Capital Analysts LLC raised its position in Chevron Corporation (NYSE:CVX - Free Report) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,230 shares of the oil and gas company's stock after buying an additional 2,456 shares during the quarter. Capital Analysts LLC's holdings in Chevron were worth $7,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CVX. Harvest Fund Management Co. Ltd lifted its position in shares of Chevron by 420.7% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock worth $25,000 after buying an additional 122 shares during the last quarter. 10Elms LLP bought a new position in Chevron in the fourth quarter valued at about $29,000. Elequin Capital LP acquired a new stake in shares of Chevron in the first quarter valued at about $31,000. Navigoe LLC acquired a new stake in shares of Chevron in the fourth quarter valued at about $33,000. Finally, IFS Advisors LLC increased its stake in shares of Chevron by 119.6% in the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after buying an additional 116 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Down 2.0%

Shares of NYSE:CVX opened at $152.2140 on Wednesday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The stock's 50-day moving average is $150.60 and its 200 day moving average is $148.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 0.74. The company has a market cap of $263.02 billion, a PE ratio of 19.59, a P/E/G ratio of 2.33 and a beta of 0.87.

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 for the quarter, topping 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 firm had revenue of $44.82 billion for the quarter, compared to the consensus estimate of $44.59 billion. During the same quarter in the prior year, the business earned $2.55 EPS. The business's revenue for the quarter was down 12.4% on a year-over-year basis. Sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be paid a $1.71 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.5%. Chevron's dividend payout ratio is presently 88.03%.

Analyst Ratings Changes

Several equities research analysts recently commented on CVX shares. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Mizuho dropped their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating on shares of Chevron in a report on Friday, July 18th. Redburn Atlantic reiterated a "sell" rating and set a $124.00 price target (down from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Finally, Morgan Stanley assumed coverage on Chevron in a research report on Monday, August 4th. They issued an "overweight" rating and a $174.00 target price for the company. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $164.33.

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.

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