Chevron Corporation (NYSE:CVX) Stock Holdings Decreased by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its position in Chevron Corporation (NYSE:CVX - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,505 shares of the oil and gas company's stock after selling 2,919 shares during the period. Chevron makes up approximately 0.7% of Twin Capital Management Inc.'s holdings, making the stock its 28th biggest position. Twin Capital Management Inc.'s holdings in Chevron were worth $6,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Montag A & Associates Inc. raised its holdings in shares of Chevron by 0.4% during the 1st quarter. Montag A & Associates Inc. now owns 45,629 shares of the oil and gas company's stock valued at $7,633,000 after purchasing an additional 182 shares in the last quarter. IFP Advisors Inc grew its position in Chevron by 16.5% in the 1st quarter. IFP Advisors Inc now owns 62,509 shares of the oil and gas company's stock worth $10,458,000 after purchasing an additional 8,838 shares during the last quarter. OneAscent Financial Services LLC boosted its position in shares of Chevron by 209.6% during the 1st quarter. OneAscent Financial Services LLC now owns 17,186 shares of the oil and gas company's stock valued at $2,886,000 after acquiring an additional 11,635 shares in the last quarter. Counterweight Ventures LLC boosted its position in shares of Chevron by 1.5% during the 1st quarter. Counterweight Ventures LLC now owns 5,915 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 87 shares in the last quarter. Finally, Elyxium Wealth LLC lifted its holdings in Chevron by 316.0% during the 1st quarter. Elyxium Wealth LLC now owns 9,269 shares of the oil and gas company's stock valued at $1,550,000 after purchasing an additional 7,041 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $149.79 on Friday. The company has a market capitalization of $261.59 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.83. 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 quick ratio of 0.82 and a current ratio of 1.08. The company's 50-day moving average is $144.04 and its 200 day moving average is $148.67.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The company's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 earnings per share. On average, equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio (DPR) is 78.17%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Mizuho lowered their price target on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. BNP Paribas cut shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. UBS Group decreased their price objective on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Redburn Atlantic restated a "sell" rating and set a $124.00 price objective (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Finally, HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and decreased their price objective for the company from $176.00 to $158.00 in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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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