Dupont Capital Management Corp Purchases 5,134 Shares of Chevron Corporation (NYSE:CVX)

Dupont Capital Management Corp grew its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,289 shares of the oil and gas company's stock after purchasing an additional 5,134 shares during the quarter. Chevron makes up approximately 1.5% of Dupont Capital Management Corp's holdings, making the stock its 20th biggest position. Dupont Capital Management Corp's holdings in Chevron were worth $13,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sage Capital Advisors llc increased its position in shares of Chevron by 2.2% during the 1st quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock valued at $7,097,000 after purchasing an additional 919 shares during the last quarter. Pines Wealth Management LLC increased its position in shares of Chevron by 3.3% during the 1st quarter. Pines Wealth Management LLC now owns 7,808 shares of the oil and gas company's stock valued at $1,306,000 after purchasing an additional 253 shares during the last quarter. Viking Fund Management LLC increased its position in shares of Chevron by 9.3% during the 1st quarter. Viking Fund Management LLC now owns 117,000 shares of the oil and gas company's stock valued at $19,573,000 after purchasing an additional 10,000 shares during the last quarter. Allianz SE purchased a new stake in shares of Chevron during the 4th quarter valued at about $9,369,000. Finally, Nicholas Company Inc. increased its position in shares of Chevron by 4.3% during the 4th quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock valued at $11,591,000 after purchasing an additional 3,280 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Price Performance

CVX stock traded up $1.17 during midday trading on Friday, hitting $149.36. The company's stock had a trading volume of 23,672,194 shares, compared to its average volume of 8,231,243. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $260.84 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.63 and a beta of 0.83. The company has a 50 day moving average of $139.37 and a two-hundred day moving average of $148.65.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results 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 firm had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.93 EPS. On average, analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.58%. Chevron's dividend payout ratio is currently 78.17%.

Analysts Set New Price Targets

Several research firms have recently commented on CVX. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target for the company. in a research report on Tuesday, May 6th. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $160.00 to $143.00 in a report on Friday, April 11th. Barclays lowered shares of Chevron from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $171.00 to $152.00 in a report on Wednesday, April 23rd. TD Cowen reduced their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a report on Monday, May 5th. Finally, BNP Paribas lowered shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has an average rating of "Hold" and an average price target of $160.24.

About Chevron

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.