Chevron Corporation (NYSE:CVX) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,993 shares of the oil and gas company's stock after buying an additional 2,785 shares during the quarter. Apollon Wealth Management LLC's holdings in Chevron were worth $14,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Eagle Capital Management LLC grew its position in shares of Chevron by 0.7% in the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock valued at $5,011,000 after purchasing an additional 242 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Chevron by 7.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company's stock valued at $5,212,000 after purchasing an additional 2,641 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Chevron by 59.5% during the fourth quarter. Proficio Capital Partners LLC now owns 5,851 shares of the oil and gas company's stock worth $847,000 after acquiring an additional 2,182 shares during the last quarter. one8zero8 LLC acquired a new stake in Chevron during the fourth quarter worth approximately $1,950,000. Finally, Tidemark LLC boosted its position in Chevron by 46.7% during the fourth quarter. Tidemark LLC now owns 6,882 shares of the oil and gas company's stock worth $997,000 after acquiring an additional 2,192 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Up 1.1%

Shares of CVX stock traded up $1.63 during trading hours on Thursday, reaching $151.55. The company had a trading volume of 8,358,643 shares, compared to its average volume of 8,384,087. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a market capitalization of $264.66 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 2.45 and a beta of 0.83. The stock's fifty day simple moving average is $143.81 and its 200 day simple moving average is $148.61.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter in the prior year, the business earned $2.93 EPS. Chevron's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Monday, May 19th. Chevron's payout ratio is 78.17%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CVX shares. Scotiabank restated a "sector perform" rating and set a $160.00 target price (up previously from $143.00) on shares of Chevron in a research report on Friday, July 11th. BNP Paribas lowered shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Mizuho decreased their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. UBS Group decreased their target price 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, Wells Fargo & Company restated an "overweight" rating and set a $165.00 target price (up previously from $164.00) on shares of Chevron in a research report on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Chevron currently has an average rating of "Hold" and an average price target of $161.65.

Chevron 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.