Chevron Corporation (NYSE:CVX) Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lessened its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 323,942 shares of the oil and gas company's stock after selling 2,848 shares during the quarter. Chevron makes up approximately 2.0% of Clifford Swan Investment Counsel LLC's holdings, making the stock its 7th biggest holding. Clifford Swan Investment Counsel LLC's holdings in Chevron were worth $54,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CVX. Sage Capital Advisors llc increased its holdings in Chevron by 2.2% during the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock worth $7,097,000 after buying an additional 919 shares during the last quarter. CCG Wealth Management LLC grew 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 acquiring an additional 145 shares in the last quarter. Oregon Public Employees Retirement Fund grew 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 acquiring an additional 675 shares in the last quarter. Pines Wealth Management LLC lifted its position 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 purchasing an additional 253 shares during the period. Finally, Viking Fund Management LLC boosted its position in shares of Chevron by 9.3% during the 1st 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. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Up 0.0%

CVX stock traded up $0.01 during trading on Monday, reaching $150.05. 2,060,666 shares of the stock traded hands, compared to its average volume of 8,526,178. The business's 50 day moving average price is $144.04 and its 200-day moving average price is $148.68. Chevron Corporation has a 52-week low of $132.04 and a 52-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 firm has a market capitalization of $262.05 billion, a PE ratio of 17.15, a P/E/G ratio of 2.48 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS 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 for the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter in the previous year, the firm posted $2.93 earnings per share. The company's revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

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. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Monday, May 19th. Chevron's payout ratio is 78.17%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CVX shares. 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. Hsbc Global Res cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Wells Fargo & Company reissued an "overweight" rating and issued a $165.00 target price (up previously from $164.00) on shares of Chevron in a report on Thursday, June 26th. UBS Group dropped their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Piper Sandler restated an "overweight" rating on shares of Chevron in a report on Tuesday, July 15th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Chevron currently has an average rating of "Hold" and a consensus target price of $161.31.

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.

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