Davidson Investment Advisors Has $35.94 Million Stock Holdings in Chevron Corporation (NYSE:CVX)

Davidson Investment Advisors lowered its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,851 shares of the oil and gas company's stock after selling 5,875 shares during the period. Chevron makes up about 1.8% of Davidson Investment Advisors' portfolio, making the stock its 11th largest holding. Davidson Investment Advisors' holdings in Chevron were worth $35,942,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Gibraltar Capital Management Inc. acquired a new position in shares of Chevron in the 1st quarter valued at approximately $305,000. Capital Management Associates Inc acquired a new position in shares of Chevron in the 1st quarter valued at approximately $204,000. Dupree Financial Group LLC raised its position in shares of Chevron by 1.2% in the 1st quarter. Dupree Financial Group LLC now owns 51,762 shares of the oil and gas company's stock valued at $8,659,000 after buying an additional 593 shares in the last quarter. Beverly Hills Private Wealth LLC raised its position in shares of Chevron by 0.3% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 26,013 shares of the oil and gas company's stock valued at $4,352,000 after buying an additional 85 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its position in shares of Chevron by 12.1% in the 1st quarter. Interchange Capital Partners LLC now owns 5,763 shares of the oil and gas company's stock valued at $964,000 after buying an additional 622 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CVX shares. HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and dropped their target price for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Barclays upped their price objective on shares of Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a research report on Monday. Hsbc Global Res cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Mizuho lowered their price objective 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. Finally, DZ Bank cut shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective for the company. in a research report on Tuesday, May 6th. Three 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. Based on data from MarketBeat.com, Chevron currently has a consensus rating of "Hold" and a consensus price target of $160.65.

Chevron Trading Down 0.7%

Shares of NYSE:CVX traded down $0.97 during trading on Monday, reaching $147.40. The stock had a trading volume of 9,459,288 shares, compared to its average volume of 8,286,464. The stock has a market cap of $257.42 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.51 and a beta of 0.83. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The firm's fifty day moving average is $141.16 and its 200 day moving average is $148.15. 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 (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. The business had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. Chevron's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 earnings per share. As a group, equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.64%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio is presently 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.