Chevron Corporation (NYSE:CVX) Stock Holdings Increased by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC raised its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,265 shares of the oil and gas company's stock after purchasing an additional 1,865 shares during the period. Chevron accounts for 1.2% of Fulton Breakefield Broenniman LLC's portfolio, making the stock its 28th largest position. Fulton Breakefield Broenniman LLC's holdings in Chevron were worth $16,104,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. IMG Wealth Management Inc. purchased a new stake in Chevron during the fourth quarter worth approximately $25,000. Mizuho Securities Co. Ltd. purchased a new stake in Chevron during the fourth quarter worth approximately $29,000. 10Elms LLP purchased a new stake in Chevron during the fourth quarter worth approximately $29,000. IFS Advisors LLC grew its stake in Chevron by 119.6% during the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after buying an additional 116 shares during the period. Finally, Navigoe LLC purchased a new stake in Chevron during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CVX. Wells Fargo & Company reiterated an "overweight" rating and set a $165.00 price objective (up from $164.00) on shares of Chevron in a research note on Thursday, June 26th. Mizuho decreased their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Scotiabank upped their target price on shares of Chevron from $143.00 to $160.00 and gave the company a "sector perform" rating in a research note on Friday. UBS Group decreased their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Barclays upped their target price on shares of Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $161.65.

Chevron Stock Performance

NYSE:CVX traded up $1.21 during mid-day trading on Friday, hitting $155.38. The stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,359,711. The stock has a market capitalization of $271.35 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.63 and a beta of 0.83. The company has a 50 day simple moving average of $142.62 and a 200-day simple moving average of $148.44. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17.

Chevron (NYSE:CVX - Get Free Report) last issued 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. The firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. Chevron's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.93 EPS. On average, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared 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 dividend yield of 4.40%. Chevron's dividend payout ratio (DPR) is 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.