Chevron Corporation (NYSE:CVX) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its stake in Chevron Corporation (NYSE:CVX - Free Report) by 42.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,212 shares of the oil and gas company's stock after acquiring an additional 59,425 shares during the period. Segall Bryant & Hamill LLC's holdings in Chevron were worth $33,159,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new stake in shares of Chevron in the 4th quarter worth approximately $25,000. Life Planning Partners Inc purchased a new stake in shares of Chevron in the 4th quarter worth approximately $25,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Chevron in the 4th quarter worth approximately $29,000. 10Elms LLP purchased a new stake in shares of Chevron in the 4th quarter worth approximately $29,000. Finally, Navigoe LLC purchased a new stake in shares of Chevron in the 4th quarter worth approximately $33,000. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVX. Scotiabank reaffirmed a "sector perform" rating and issued a $160.00 price target (up previously from $143.00) on shares of Chevron in a research report on Friday, July 11th. Mizuho lowered their price target on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. DZ Bank cut shares of 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. Jefferies Financial Group reissued a "buy" rating on shares of Chevron in a research report on Friday. Finally, Piper Sandler reissued an "overweight" rating on shares of Chevron in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $161.31.

Chevron Stock Performance

Shares of NYSE CVX traded down $1.59 during midday trading on Friday, reaching $149.79. The company had a trading volume of 45,762,307 shares, compared to its average volume of 8,540,907. The business's 50-day simple moving average is $144.04 and its 200 day simple moving average is $148.64. The stock has a market cap of $261.59 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.48 and a beta of 0.83. Chevron Corporation has a 1 year low of $132.04 and a 1 year 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 posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. The business had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $2.93 earnings per share. On average, 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 was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were paid a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.57%. Chevron's payout ratio is currently 78.17%.

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.