Wealth Advisory Solutions LLC Has $1.66 Million Stock Position in Chevron Corporation (NYSE:CVX)

Wealth Advisory Solutions LLC trimmed its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 69.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,902 shares of the oil and gas company's stock after selling 22,132 shares during the quarter. Wealth Advisory Solutions LLC's holdings in Chevron were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CVX. Berkeley Capital Partners LLC boosted its position in Chevron by 0.4% in the 4th quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company's stock valued at $2,572,000 after buying an additional 67 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Chevron by 6.1% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company's stock worth $171,000 after purchasing an additional 68 shares during the period. CoreCap Advisors LLC boosted its holdings in Chevron by 0.3% during the fourth quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company's stock worth $4,091,000 after purchasing an additional 71 shares during the last quarter. Austin Wealth Management LLC lifted its position in Chevron by 3.2% during the 4th quarter. Austin Wealth Management LLC now owns 2,364 shares of the oil and gas company's stock worth $342,000 after buying an additional 74 shares in the last quarter. Finally, Clayton Financial Group LLC grew its holdings in shares of Chevron by 4.6% in the 1st quarter. Clayton Financial Group LLC now owns 1,702 shares of the oil and gas company's stock valued at $285,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Stock Performance

NYSE:CVX traded up $1.21 during mid-day trading on Friday, reaching $155.38. 8,332,244 shares of the company's stock were exchanged, compared to its average volume of 8,351,255. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The business's fifty day simple moving average is $142.28 and its two-hundred day simple moving average is $148.33. The firm has a market capitalization of $271.35 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.59 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 EPS for the quarter, topping 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 company had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. During the same period last year, the firm earned $2.93 earnings per share. The business's revenue for the quarter was down 2.3% on a year-over-year basis. Analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently announced 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. 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 4.40%. Chevron's payout ratio is 78.17%.

Analyst Ratings Changes

Several research analysts recently commented on CVX shares. Scotiabank increased their price target on Chevron from $143.00 to $160.00 and gave the company a "sector perform" rating in a research report on Friday. Redburn Atlantic reissued a "sell" rating and issued a $124.00 price objective (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Barclays raised their target price on shares of Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday. Wells Fargo & Company reaffirmed an "overweight" rating and set a $165.00 price target (up from $164.00) on shares of Chevron in a research report on Thursday, June 26th. Finally, Hsbc Global Res cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $161.65.

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.