Alpha Family Trust Has $636,000 Stock Position in Chevron Corporation $CVX

Key Points

• Alpha Family Trust significantly increased its stake in Chevron Corporation by 174.4%, now owning 3,800 shares valued at $636,000 as per the latest SEC filing.
• Chevron reported a quarterly earnings per share of $1.77, exceeding analysts' expectations of $1.58, despite a 12.4% year-over-year decline in revenue.
• The company declared a quarterly dividend of $1.71, with a yield of 4.4%, reflecting a payout ratio of 88.03%.

Alpha Family Trust boosted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 174.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,800 shares of the oil and gas company's stock after buying an additional 2,415 shares during the period. Alpha Family Trust's holdings in Chevron were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CVX. Eagle Capital Management LLC increased its position 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 worth $5,011,000 after purchasing an additional 242 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in Chevron by 7.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company's stock worth $5,212,000 after purchasing an additional 2,641 shares during the last quarter. Capital International Inc. CA increased its position in Chevron by 11.2% in the 4th quarter. Capital International Inc. CA now owns 119,337 shares of the oil and gas company's stock worth $17,285,000 after purchasing an additional 12,000 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Chevron by 9.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 88,473 shares of the oil and gas company's stock worth $12,814,000 after purchasing an additional 7,529 shares during the last quarter. Finally, Ossiam bought a new stake in shares of Chevron during the 4th quarter worth about $4,399,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Performance

NYSE:CVX traded up $3.0840 during mid-day trading on Friday, hitting $158.6340. 4,745,265 shares of the company's stock traded hands, compared to its average volume of 9,323,188. The firm has a 50 day moving average of $150.97 and a two-hundred day moving average of $148.63. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The firm has a market capitalization of $274.12 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.27 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.19. Chevron had a return on equity of 9.90% and a net margin of 7.02%.The company had revenue of $44.82 billion for the quarter, compared to analyst estimates of $44.59 billion. During the same quarter last year, the firm earned $2.55 EPS. Chevron's revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be given a $1.71 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $6.84 annualized dividend and a yield of 4.3%. Chevron's payout ratio is presently 88.03%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CVX shares. Morgan Stanley started coverage on Chevron in a report on Monday, August 4th. They set an "overweight" rating and a $174.00 price objective on the stock. Evercore ISI reissued an "outperform" rating and set a $180.00 price objective on shares of Chevron in a report on Thursday, July 31st. DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a report on Tuesday, May 6th. HSBC lowered Chevron from a "buy" rating to a "hold" rating and lowered their price objective for the company from $176.00 to $158.00 in a report on Tuesday, May 13th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Chevron in a report on Friday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $163.95.

Chevron 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.