Cwm LLC Increases Holdings in Chevron Corporation (NYSE:CVX)

CWM LLC boosted its stake in Chevron Corporation (NYSE:CVX - Free Report) by 5.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,855 shares of the oil and gas company's stock after acquiring an additional 15,352 shares during the quarter. CWM LLC's holdings in Chevron were worth $49,494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in Chevron in the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. bought a new position in shares of Chevron during the 4th quarter worth approximately $29,000. 10Elms LLP acquired a new position in shares of Chevron in the fourth quarter valued at $29,000. IFS Advisors LLC raised its holdings in Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after acquiring an additional 116 shares during the period. Finally, Navigoe LLC acquired a new stake in Chevron during the 4th quarter worth approximately $33,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Up 0.8%

NYSE CVX traded up $1.21 during trading hours on Friday, hitting $155.38. The company's stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,359,711. 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. The company's 50-day simple moving average is $142.62 and its two-hundred day simple moving average is $148.44. The company has a market capitalization of $271.35 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.63 and a beta of 0.83.

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 (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.03. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same period last year, the firm posted $2.93 EPS. The business's revenue was down 2.3% compared to the same quarter last year. Research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced 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 of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.40%. Chevron's dividend payout ratio is presently 78.17%.

Analyst Ratings Changes

A number of analysts have issued reports on CVX shares. Wells Fargo & Company reissued an "overweight" rating and issued a $165.00 price objective (up previously from $164.00) on shares of Chevron in a report on Thursday, June 26th. Redburn Atlantic reissued a "sell" rating and issued a $124.00 target price (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. UBS Group cut their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. BNP Paribas lowered shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. Finally, Scotiabank increased their price target on Chevron from $143.00 to $160.00 and gave the company a "sector perform" rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Chevron presently has an average rating of "Hold" and a consensus target price 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.