Stephens Inc. AR Has $44.05 Million Stake in Chevron Corporation (NYSE:CVX)

Stephens Inc. AR raised its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,290 shares of the oil and gas company's stock after buying an additional 13,374 shares during the quarter. Chevron comprises 0.6% of Stephens Inc. AR's investment portfolio, making the stock its 27th largest holding. Stephens Inc. AR's holdings in Chevron were worth $44,046,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sage Capital Advisors llc raised its stake in shares of Chevron by 2.2% in the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock valued at $7,097,000 after purchasing an additional 919 shares in the last quarter. CCG Wealth Management LLC raised its stake in shares of Chevron by 2.3% in the first quarter. CCG Wealth Management LLC now owns 6,334 shares of the oil and gas company's stock valued at $1,060,000 after purchasing an additional 145 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Chevron by 0.5% in the first 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 purchasing an additional 675 shares in the last quarter. Pines Wealth Management LLC raised its stake in Chevron by 3.3% during the first quarter. Pines Wealth Management LLC now owns 7,808 shares of the oil and gas company's stock worth $1,306,000 after acquiring an additional 253 shares in the last quarter. Finally, Viking Fund Management LLC raised its stake in Chevron by 9.3% during the first quarter. Viking Fund Management LLC now owns 117,000 shares of the oil and gas company's stock worth $19,573,000 after acquiring an additional 10,000 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 0.8%

Chevron stock 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 50-day simple moving average of $142.62 and a two-hundred day simple moving average of $148.44. The stock has a market capitalization of $271.35 billion, a PE ratio of 17.76, a P/E/G ratio of 2.63 and a beta of 0.83. Chevron Corporation has a 12 month low of $132.04 and a 12 month 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, beating the consensus estimate of $2.15 by $0.03. The business had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.93 earnings per share. As a group, sell-side 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 paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.40%. The ex-dividend date was Monday, May 19th. Chevron's payout ratio is 78.17%.

Analyst Ratings Changes

Several research firms have issued reports on CVX. DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective for the company. in a research note on Tuesday, May 6th. BNP Paribas lowered Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Redburn Atlantic reiterated a "sell" rating and set a $124.00 price objective (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. UBS Group dropped their price objective on 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 increased their price objective on Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Chevron has an average rating of "Hold" and an average price target of $161.65.

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.