Chevron Corporation (NYSE:CVX) Stock Holdings Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,339,656 shares of the oil and gas company's stock after purchasing an additional 305,667 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Chevron worth $558,691,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CVX. GAMMA Investing LLC lifted its position in shares of Chevron by 21,191.5% in the 1st quarter. GAMMA Investing LLC now owns 5,408,248 shares of the oil and gas company's stock worth $904,746,000 after buying an additional 5,382,847 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Chevron by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,430,030 shares of the oil and gas company's stock worth $5,592,263,000 after acquiring an additional 1,574,464 shares during the period. Capital World Investors lifted its holdings in Chevron by 11.4% in the fourth quarter. Capital World Investors now owns 14,079,656 shares of the oil and gas company's stock worth $2,039,288,000 after acquiring an additional 1,440,808 shares during the last quarter. Northern Trust Corp lifted its holdings in Chevron by 7.3% in the fourth quarter. Northern Trust Corp now owns 20,471,800 shares of the oil and gas company's stock worth $2,965,135,000 after acquiring an additional 1,394,091 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Chevron by 27.3% in the fourth quarter. Janus Henderson Group PLC now owns 3,897,183 shares of the oil and gas company's stock valued at $564,503,000 after acquiring an additional 835,990 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CVX has been the topic of several analyst reports. TD Cowen increased their target price on Chevron from $150.00 to $155.00 and gave the stock a "hold" rating in a research report on Monday. UBS Group reaffirmed a "buy" rating and issued a $186.00 price objective (up previously from $177.00) on shares of Chevron in a report on Monday. Scotiabank reissued a "sector perform" rating and set a $160.00 target price (up from $143.00) on shares of Chevron in a research note on Friday, July 11th. Morgan Stanley assumed coverage on shares of Chevron in a research report on Monday. They issued an "overweight" rating and a $174.00 target price for the company. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Chevron in a report on Friday, July 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Chevron has an average rating of "Hold" and a consensus price target of $164.11.

Chevron Stock Down 0.1%

NYSE CVX opened at $152.82 on Thursday. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a market capitalization of $266.89 billion, a P/E ratio of 19.67, a PEG ratio of 2.29 and a beta of 0.87. The company's 50 day simple moving average is $147.78 and its 200 day simple moving average is $148.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.19. The company had revenue of $44.82 billion for the quarter, compared to analysts' expectations of $44.59 billion. Chevron had a return on equity of 9.80% and a net margin of 7.02%. The firm's revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.55 earnings per share. Equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be given a $1.71 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. Chevron's dividend payout ratio (DPR) is 88.03%.

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.

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