Chevron Corporation (NYSE:CVX) Shares Acquired by Clarius Group LLC

Clarius Group LLC lifted its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,649 shares of the oil and gas company's stock after acquiring an additional 2,710 shares during the quarter. Clarius Group LLC's holdings in Chevron were worth $2,618,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Hemenway Trust Co LLC boosted its stake in shares of Chevron by 2.4% during the 1st quarter. Hemenway Trust Co LLC now owns 154,289 shares of the oil and gas company's stock worth $25,811,000 after acquiring an additional 3,556 shares in the last quarter. GSB Wealth Management LLC boosted its stake in shares of Chevron by 0.7% during the 1st quarter. GSB Wealth Management LLC now owns 19,634 shares of the oil and gas company's stock worth $3,285,000 after acquiring an additional 128 shares in the last quarter. Optivise Advisory Services LLC boosted its stake in shares of Chevron by 10.8% during the 1st quarter. Optivise Advisory Services LLC now owns 1,641 shares of the oil and gas company's stock worth $274,000 after acquiring an additional 160 shares in the last quarter. Clayton Financial Group LLC boosted its stake in shares of Chevron by 4.6% during the 1st quarter. Clayton Financial Group LLC now owns 1,702 shares of the oil and gas company's stock worth $285,000 after acquiring an additional 75 shares in the last quarter. Finally, San Luis Wealth Advisors LLC boosted its stake in shares of Chevron by 32.1% during the 1st quarter. San Luis Wealth Advisors LLC now owns 9,850 shares of the oil and gas company's stock worth $1,648,000 after acquiring an additional 2,391 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CVX has been the topic of several recent analyst reports. TD Cowen lowered their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company decreased their price target on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group decreased their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Piper Sandler decreased their price target on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Finally, DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research note on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $160.24.

Chevron Price Performance

CVX stock traded down $0.67 during mid-day trading on Thursday, reaching $148.18. The company's stock had a trading volume of 9,824,086 shares, compared to its average volume of 8,222,007. The stock has a market cap of $258.78 billion, a PE ratio of 16.93, a P/E/G ratio of 2.60 and a beta of 0.83. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company's 50 day moving average is $138.82 and its two-hundred day moving average is $148.90.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The company had revenue of $47.61 billion during 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%. Chevron's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.93 EPS. Equities research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.62%. Chevron's payout ratio is 78.17%.

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.