Cliftonlarsonallen Wealth Advisors LLC Trims Position in Chevron Co. (NYSE:CVX)

Cliftonlarsonallen Wealth Advisors LLC trimmed its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 15.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,993 shares of the oil and gas company's stock after selling 2,264 shares during the period. Cliftonlarsonallen Wealth Advisors LLC's holdings in Chevron were worth $2,006,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CVX. Capital & Planning LLC grew its holdings in Chevron by 15.2% during the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock valued at $243,000 after buying an additional 222 shares in the last quarter. Eagle Capital Management LLC grew its holdings in shares of Chevron by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock worth $5,011,000 after purchasing an additional 242 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Chevron during the fourth quarter worth about $8,947,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Chevron by 18.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,872 shares of the oil and gas company's stock worth $38,712,000 after purchasing an additional 40,311 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Chevron during the fourth quarter worth about $25,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Up 0.5%

CVX stock traded up $0.77 during midday trading on Friday, hitting $145.74. The company had a trading volume of 14,126,704 shares, compared to its average volume of 8,182,686. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The stock's 50 day moving average price is $138.53 and its 200 day moving average price is $149.11. The stock has a market cap of $254.52 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The firm had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter in the previous year, the company posted $2.93 earnings per share. The business's revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts expect that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were given a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.69%. Chevron's payout ratio is currently 78.17%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective for the company. in a report on Tuesday, May 6th. HSBC lowered Chevron from a "buy" rating to a "hold" rating and cut their price objective for the stock from $176.00 to $158.00 in a report on Tuesday, May 13th. BNP Paribas lowered Chevron to a "cautious" rating in a report on Tuesday, April 15th. Hsbc Global Res lowered Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Scotiabank downgraded Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. Three research 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $160.24.

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.