Generali Investments Management Co LLC Grows Stake in Chevron Co. (NYSE:CVX)

Generali Investments Management Co LLC lifted its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 38.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,164 shares of the oil and gas company's stock after acquiring an additional 6,743 shares during the quarter. Chevron accounts for about 1.1% of Generali Investments Management Co LLC's holdings, making the stock its 16th biggest position. Generali Investments Management Co LLC's holdings in Chevron were worth $4,042,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CVX. Capital & Planning LLC lifted its stake in Chevron by 15.2% in the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock valued at $243,000 after buying an additional 222 shares in the last quarter. Eagle Capital Management LLC lifted its stake in Chevron by 0.7% in 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. Union Bancaire Privee UBP SA purchased a new stake in Chevron in the 4th quarter valued at approximately $8,947,000. Weaver Capital Management LLC purchased a new stake in Chevron in the 4th quarter valued at approximately $201,000. Finally, Confluence Wealth Services Inc. lifted its stake in Chevron by 9.0% in the 4th quarter. Confluence Wealth Services Inc. now owns 41,435 shares of the oil and gas company's stock valued at $6,464,000 after buying an additional 3,407 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Stock Up 2.4%

NYSE:CVX traded up $3.31 during mid-day trading on Friday, hitting $140.21. The company had a trading volume of 6,555,988 shares, compared to its average volume of 8,122,067. The business has a fifty day simple moving average of $139.54 and a 200-day simple moving average of $149.95. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96. The firm has a market capitalization of $244.86 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $49.05 billion. During the same period last year, the company posted $2.93 earnings per share. The firm's revenue was down 2.3% compared to the same quarter last year. Equities analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays downgraded Chevron from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. HSBC downgraded Chevron from a "buy" rating to a "hold" rating and cut their price target for the company from $176.00 to $158.00 in a report on Tuesday, May 13th. UBS Group cut their price target on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Wells Fargo & Company cut their price target on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Hsbc Global Res downgraded Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.