Chevron Corporation (NYSE:CVX) Shares Acquired by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 10.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,453 shares of the oil and gas company's stock after acquiring an additional 2,883 shares during the period. Liberty One Investment Management LLC's holdings in Chevron were worth $5,095,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Stratos Investment Management LLC boosted its stake in Chevron by 37.2% in the 1st quarter. Stratos Investment Management LLC now owns 41,624 shares of the oil and gas company's stock worth $6,963,000 after buying an additional 11,288 shares during the last quarter. Garrett Wealth Advisory Group LLC boosted its stake in Chevron by 10.0% in the 1st quarter. Garrett Wealth Advisory Group LLC now owns 14,220 shares of the oil and gas company's stock worth $2,379,000 after buying an additional 1,290 shares during the last quarter. Consolidated Capital Management LLC acquired a new stake in Chevron in the 1st quarter worth about $229,000. Ninety One UK Ltd acquired a new stake in Chevron in the 1st quarter worth about $40,044,000. Finally, China Universal Asset Management Co. Ltd. raised its holdings in shares of Chevron by 10.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,489 shares of the oil and gas company's stock worth $1,587,000 after purchasing an additional 887 shares during the period. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Down 0.7%

NYSE:CVX opened at $147.40 on Tuesday. 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 $257.42 billion, a P/E ratio of 16.85, a P/E/G ratio of 2.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The business has a 50 day simple moving average of $141.31 and a 200 day simple moving average of $148.18.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm 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 yield of 4.64%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company reiterated an "overweight" rating and set a $165.00 target price (up from $164.00) on shares of Chevron in a report on Thursday, June 26th. TD Cowen dropped their price objective on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Scotiabank downgraded Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $160.00 to $143.00 in a report on Friday, April 11th. HSBC downgraded Chevron from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $176.00 to $158.00 in a report on Tuesday, May 13th. Finally, DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price for the company. in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $160.65.

About Chevron

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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