Hudson Value Partners LLC lessened its stake in Chevron Corporation (NYSE:CVX - Free Report) by 87.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,493 shares of the oil and gas company's stock after selling 32,455 shares during the quarter. Hudson Value Partners LLC's holdings in Chevron were worth $752,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in CVX. IMG Wealth Management Inc. acquired a new stake in shares of Chevron in the 4th quarter valued at about $25,000. Life Planning Partners Inc bought a new position in shares of Chevron during the fourth quarter worth about $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron in the 4th quarter valued at approximately $29,000. 10Elms LLP bought a new stake in Chevron in the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC lifted its stake in Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $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.
Chevron Stock Performance
NYSE CVX traded down $3.20 on Tuesday, reaching $143.67. The stock had a trading volume of 10,765,235 shares, compared to its average volume of 8,251,705. 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 company has a market cap of $250.90 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 2.58 and a beta of 0.83. The firm has a fifty day moving average of $139.78 and a two-hundred day moving average of $148.49. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96.
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, beating the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The business had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same period in the prior year, the company posted $2.93 earnings per share. Chevron's revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.
Chevron Dividend Announcement
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 was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.76%. Chevron's payout ratio is presently 78.17%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and decreased their target price for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. DZ Bank cut shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their price objective on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Barclays downgraded Chevron from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $171.00 to $152.00 in a research report on Wednesday, April 23rd. Three 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $160.24.
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Chevron Company Profile
(
Free Report)
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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