Everhart Financial Group Inc. Has $1.82 Million Position in Chevron Co. (NYSE:CVX)

Everhart Financial Group Inc. boosted its stake in Chevron Co. (NYSE:CVX - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,859 shares of the oil and gas company's stock after acquiring an additional 1,983 shares during the period. Everhart Financial Group Inc.'s holdings in Chevron were worth $1,817,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the business. Smithbridge Asset Management Inc. DE bought a new position in Chevron during the 1st quarter valued at approximately $962,000. Donald L. Hagan LLC boosted its position in Chevron by 3.5% in the first quarter. Donald L. Hagan LLC now owns 6,485 shares of the oil and gas company's stock worth $1,085,000 after purchasing an additional 218 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its position in Chevron by 6.2% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 5,692 shares of the oil and gas company's stock worth $952,000 after acquiring an additional 333 shares during the period. Paragon Capital Management Ltd grew its holdings in Chevron by 81.5% during the first quarter. Paragon Capital Management Ltd now owns 4,615 shares of the oil and gas company's stock valued at $772,000 after purchasing an additional 2,072 shares during the period. Finally, Verity & Verity LLC raised its stake in Chevron by 12.1% during the 1st quarter. Verity & Verity LLC now owns 212,707 shares of the oil and gas company's stock worth $35,584,000 after acquiring an additional 22,886 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CVX shares. Mizuho decreased their target price 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 downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. UBS Group dropped their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and cut their price objective for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Finally, TD Cowen lowered their price target on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $160.24.

Chevron Stock Up 0.5%

CVX stock traded up $0.77 during mid-day trading on Friday, hitting $145.74. 14,126,704 shares of the company were exchanged, compared to its average volume of 8,174,571. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $138.35 and a 200 day simple moving average of $149.32. Chevron Co. has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a market capitalization of $254.52 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

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 (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The company had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter in the prior year, the business posted $2.93 earnings per share. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Monday, May 19th. Chevron's payout ratio is presently 78.17%.

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.