Chevron Co. (NYSE:CVX) Stock Position Increased by Allied Investment Advisors LLC

Allied Investment Advisors LLC increased its stake in Chevron Co. (NYSE:CVX - Free Report) by 4.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,380 shares of the oil and gas company's stock after buying an additional 3,273 shares during the quarter. Chevron comprises 2.5% of Allied Investment Advisors LLC's portfolio, making the stock its 11th largest position. Allied Investment Advisors LLC's holdings in Chevron were worth $13,279,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Life Planning Partners Inc acquired a new stake in Chevron during the 4th quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new stake in Chevron during the 4th quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron during the 4th quarter valued at approximately $29,000. 10Elms LLP acquired a new stake in Chevron during the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC grew its stake in Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Stock Performance

Chevron stock traded up $1.10 during mid-day trading on Monday, hitting $137.80. 9,074,640 shares of the company's stock traded hands, compared to its average volume of 8,109,899. The firm has a 50 day moving average price of $141.88 and a 200 day moving average price of $150.44. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $240.64 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. Chevron Co. has a one year low of $132.04 and a one year high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last announced its 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 firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.93 EPS. On average, equities analysts forecast that Chevron Co. will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.96%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is currently 78.17%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BNP Paribas lowered Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Redburn Atlantic reiterated a "sell" rating and issued a $124.00 target price (down previously from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Raymond James decreased their target price on Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. UBS Group decreased their target price on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Scotiabank lowered Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $160.24.

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.