Chevron Corporation (NYSE:CVX) Shares Purchased by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC raised its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,233 shares of the oil and gas company's stock after buying an additional 2,670 shares during the quarter. Chevron comprises 1.4% of Woodmont Investment Counsel LLC's portfolio, making the stock its 20th largest position. Woodmont Investment Counsel LLC's holdings in Chevron were worth $19,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. IMG Wealth Management Inc. bought a new stake in shares of Chevron during the 4th quarter worth $25,000. Life Planning Partners Inc bought a new stake in shares of Chevron during the 4th quarter worth $25,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Chevron during the 4th quarter worth $29,000. 10Elms LLP bought a new stake in shares of Chevron during the 4th quarter worth $29,000. Finally, Fairway Wealth LLC boosted its stake in shares of Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Mizuho decreased their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Redburn Atlantic reissued a "sell" rating and set a $124.00 price objective (down previously from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Scotiabank cut Chevron from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the company from $160.00 to $143.00 in a research report on Friday, April 11th. HSBC cut Chevron from a "buy" rating to a "hold" rating and reduced their price objective for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Finally, UBS Group reduced their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Chevron has a consensus rating of "Hold" and a consensus price target of $160.24.

Chevron Price Performance

Shares of NYSE:CVX opened at $149.36 on Friday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a market capitalization of $260.84 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.60 and a beta of 0.83. The business has a 50-day moving average of $139.37 and a two-hundred day moving average of $148.72.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping 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 business had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter in the previous year, the firm earned $2.93 EPS. The firm's revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.58%. Chevron's dividend payout ratio (DPR) is 78.17%.

About Chevron

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.

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