Chevron Corporation (NYSE:CVX) Shares Acquired by Coastwise Capital Group LLC

Coastwise Capital Group LLC increased its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 34.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,141 shares of the oil and gas company's stock after acquiring an additional 2,072 shares during the quarter. Chevron accounts for about 1.1% of Coastwise Capital Group LLC's holdings, making the stock its 23rd largest position. Coastwise Capital Group LLC's holdings in Chevron were worth $1,362,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CVX. Sage Capital Advisors llc increased its stake in Chevron by 2.2% in the 1st quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock valued at $7,097,000 after buying an additional 919 shares during the period. CCG Wealth Management LLC increased its stake in Chevron by 2.3% in the 1st quarter. CCG Wealth Management LLC now owns 6,334 shares of the oil and gas company's stock valued at $1,060,000 after buying an additional 145 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Chevron by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 143,914 shares of the oil and gas company's stock valued at $24,075,000 after buying an additional 675 shares during the period. Pines Wealth Management LLC increased its stake in Chevron by 3.3% in the 1st quarter. Pines Wealth Management LLC now owns 7,808 shares of the oil and gas company's stock valued at $1,306,000 after buying an additional 253 shares during the period. Finally, Viking Fund Management LLC increased its stake in Chevron by 9.3% in the 1st 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 during the period. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Price Performance

NYSE:CVX opened at $149.79 on Friday. The company has a 50-day moving average of $144.04 and a 200-day moving average of $148.67. The company has a market capitalization of $261.59 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 2.45 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 company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The firm had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter last year, the company posted $2.93 EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Chevron Corporation 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 issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's dividend payout ratio is currently 78.17%.

Wall Street Analysts Forecast Growth

CVX has been the topic of several analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Chevron in a research note on Friday. Piper Sandler restated an "overweight" rating on shares of Chevron in a research note on Tuesday. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research note on Tuesday, May 6th. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and dropped their price target for the stock from $176.00 to $158.00 in a research note on Tuesday, May 13th. Finally, Redburn Atlantic restated a "sell" rating and set a $124.00 price target (down previously from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Chevron has a consensus rating of "Hold" and a consensus target price of $161.31.

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.

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