Compagnie Lombard Odier SCmA Sells 5,346 Shares of Chevron Co. (NYSE:CVX)

Compagnie Lombard Odier SCmA cut its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 47.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,880 shares of the oil and gas company's stock after selling 5,346 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Chevron were worth $984,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sage Capital Advisors llc grew its position in Chevron by 2.2% during the 1st quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock worth $7,097,000 after purchasing an additional 919 shares in the last quarter. Pines Wealth Management LLC boosted its position in shares of Chevron by 3.3% in the first quarter. Pines Wealth Management LLC now owns 7,808 shares of the oil and gas company's stock worth $1,306,000 after buying an additional 253 shares during the period. Viking Fund Management LLC grew its holdings in shares of Chevron by 9.3% during the first quarter. Viking Fund Management LLC now owns 117,000 shares of the oil and gas company's stock valued at $19,573,000 after buying an additional 10,000 shares in the last quarter. Allianz SE acquired a new position in Chevron during the fourth quarter valued at $9,369,000. Finally, Nicholas Company Inc. lifted its stake in Chevron by 4.3% in the 4th quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock worth $11,591,000 after acquiring an additional 3,280 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

Shares of CVX stock traded up $0.77 during trading hours on Friday, reaching $145.74. 14,126,704 shares of the company were exchanged, compared to its average volume of 8,174,571. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock's fifty day moving average is $138.35 and its two-hundred day moving average is $149.32. The company has a market cap of $254.52 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $2.93 EPS. Sell-side analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given 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 4.69%. Chevron's payout ratio is 78.17%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BNP Paribas cut Chevron to a "cautious" rating in a research note on Tuesday, April 15th. UBS Group lowered their price objective on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Barclays downgraded shares of Chevron from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $171.00 to $152.00 in a research report on Wednesday, April 23rd. Redburn Atlantic restated 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, Scotiabank lowered Chevron from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $160.00 to $143.00 in a 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Chevron has a consensus rating of "Hold" and a consensus target price of $160.24.

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.