LVM Capital Management Ltd. MI Sells 9,607 Shares of Chevron Co. (NYSE:CVX)

LVM Capital Management Ltd. MI reduced its position in Chevron Co. (NYSE:CVX - Free Report) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,603 shares of the oil and gas company's stock after selling 9,607 shares during the quarter. LVM Capital Management Ltd. MI's holdings in Chevron were worth $8,633,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. TFB Advisors LLC boosted its position in Chevron by 2.4% during the fourth quarter. TFB Advisors LLC now owns 2,840 shares of the oil and gas company's stock valued at $411,000 after acquiring an additional 66 shares during the last quarter. W.H. Cornerstone Investments Inc. boosted its position in Chevron by 1.4% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 4,672 shares of the oil and gas company's stock valued at $677,000 after acquiring an additional 66 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Chevron by 0.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 15,240 shares of the oil and gas company's stock valued at $2,207,000 after acquiring an additional 66 shares during the last quarter. Western Pacific Wealth Management LP boosted its position in shares of Chevron by 14.9% during the 4th quarter. Western Pacific Wealth Management LP now owns 517 shares of the oil and gas company's stock valued at $75,000 after purchasing an additional 67 shares in the last quarter. Finally, Berkeley Capital Partners LLC boosted its position in shares of Chevron by 0.4% during the 4th quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company's stock valued at $2,572,000 after purchasing an additional 67 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Stock Performance

Chevron stock traded down $1.48 during midday trading on Friday, reaching $136.43. The stock had a trading volume of 12,856,437 shares, compared to its average volume of 8,106,167. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96. The firm's 50-day moving average price is $141.88 and its 200 day moving average price is $150.57. The firm has a market capitalization of $238.26 billion, a PE ratio of 14.04, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

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

Chevron Dividend Announcement

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 issued a dividend of $1.71 per share. The ex-dividend date is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 5.01%. Chevron's payout ratio is 78.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CVX. Royal Bank of Canada restated an "outperform" rating and set a $175.00 target price on shares of Chevron in a research report on Monday, February 3rd. BNP Paribas cut Chevron to a "cautious" rating in a report on Tuesday, April 15th. Wells Fargo & Company cut their price target on Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Raymond James cut their target price on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, Mizuho cut their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average 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.