Keybank National Association OH Has $114.97 Million Holdings in Chevron Corporation (NYSE:CVX)

Keybank National Association OH raised its stake in Chevron Corporation (NYSE:CVX - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 687,227 shares of the oil and gas company's stock after acquiring an additional 6,827 shares during the quarter. Keybank National Association OH's holdings in Chevron were worth $114,966,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. IMG Wealth Management Inc. bought a new position in shares of Chevron during the fourth quarter worth approximately $25,000. Life Planning Partners Inc bought a new position in shares of Chevron during the fourth quarter worth approximately $25,000. Mizuho Securities Co. Ltd. bought a new position in shares of Chevron during the fourth quarter worth approximately $29,000. 10Elms LLP bought a new position in shares of Chevron during the fourth quarter worth approximately $29,000. Finally, Fairway Wealth LLC increased its holdings in shares of Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 88 shares during the period. 72.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CVX. BNP Paribas cut shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. DZ Bank cut shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 6th. Wells Fargo & Company reissued an "overweight" rating and issued a $165.00 price objective (up from $164.00) on shares of Chevron in a research note on Thursday, June 26th. Piper Sandler lifted their price objective on shares of Chevron from $162.00 to $164.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Scotiabank cut shares of Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Chevron has an average rating of "Hold" and an average price target of $160.41.

Chevron Price Performance

Chevron stock traded up $0.25 during mid-day trading on Thursday, reaching $148.23. The company had a trading volume of 5,173,309 shares, compared to its average volume of 8,273,025. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two 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 has a market cap of $258.86 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.52 and a beta of 0.83. The business has a fifty day simple moving average of $140.97 and a 200 day simple moving average of $148.07.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.93 earnings per share. On average, equities research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued 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 dividend yield of 4.61%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

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.