Chevron Corporation (NYSE:CVX) Position Boosted by Allworth Financial LP

Allworth Financial LP increased its position in Chevron Corporation (NYSE:CVX - Free Report) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,800 shares of the oil and gas company's stock after acquiring an additional 7,932 shares during the period. Allworth Financial LP's holdings in Chevron were worth $58,183,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CVX. Eagle Capital Management LLC lifted its stake in Chevron by 0.7% in the 4th quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock valued at $5,011,000 after buying an additional 242 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Chevron by 7.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company's stock valued at $5,212,000 after buying an additional 2,641 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Chevron by 59.5% during the 4th quarter. Proficio Capital Partners LLC now owns 5,851 shares of the oil and gas company's stock worth $847,000 after purchasing an additional 2,182 shares during the period. Inspire Advisors LLC lifted its stake in shares of Chevron by 8.1% during the 4th quarter. Inspire Advisors LLC now owns 4,499 shares of the oil and gas company's stock worth $652,000 after purchasing an additional 338 shares during the period. Finally, Prosperity Financial Group Inc. lifted its stake in shares of Chevron by 6.2% during the 4th quarter. Prosperity Financial Group Inc. now owns 3,908 shares of the oil and gas company's stock worth $566,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Stock Up 0.8%

Shares of Chevron stock traded up $1.21 during trading hours on Friday, hitting $155.38. 8,332,244 shares of the company's stock traded hands, compared to its average volume of 8,352,057. The stock has a 50 day simple moving average of $142.62 and a 200-day simple moving average of $148.41. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The company has a market cap of $271.35 billion, a PE ratio of 17.76, a PEG ratio of 2.61 and a beta of 0.83. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results 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 company had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The company's revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $2.93 earnings per share. Equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.40%. Chevron's payout ratio is 78.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BNP Paribas lowered Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Hsbc Global Res lowered Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. UBS Group reduced their price target on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. 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, Mizuho dropped their price objective on Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Chevron currently has an average rating of "Hold" and an average price target of $161.65.

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.