Chevron Corporation (NYSE:CVX) Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC trimmed its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 209,059 shares of the oil and gas company's stock after selling 3,431 shares during the period. Chevron comprises approximately 3.4% of Villere ST Denis J & Co. LLC's holdings, making the stock its 6th largest holding. Villere ST Denis J & Co. LLC's holdings in Chevron were worth $34,974,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CVX. Eagle Capital Management LLC lifted its position in Chevron by 0.7% in the fourth 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 period. Bank Pictet & Cie Europe AG boosted its holdings in shares of 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 acquiring an additional 2,641 shares in the last quarter. SVB Wealth LLC bought a new stake in Chevron during the 4th quarter worth approximately $17,050,000. Sage Investment Counsel LLC acquired a new stake in Chevron during the 4th quarter valued at $218,000. Finally, Maple Capital Management Inc. increased its holdings in Chevron by 2.8% during the 4th quarter. Maple Capital Management Inc. now owns 158,623 shares of the oil and gas company's stock valued at $22,975,000 after purchasing an additional 4,307 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of recent research reports. TD Cowen dropped their target price on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $165.00 price target (up from $164.00) on shares of Chevron in a research note on Thursday. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 6th. UBS Group decreased their price objective on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Hsbc Global Res cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $160.29.

Chevron Stock Down 0.3%

Shares of NYSE CVX traded down $0.47 during midday trading on Monday, reaching $143.32. 6,977,789 shares of the company's stock were exchanged, compared to its average volume of 8,249,644. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a market capitalization of $250.29 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.52 and a beta of 0.83. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96. The business's fifty day moving average price is $140.20 and its two-hundred day moving average price is $148.17.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same period last year, the company posted $2.93 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. Analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.77%. Chevron's payout ratio is currently 78.17%.

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.