Dynamic Advisor Solutions LLC Has $19.42 Million Holdings in Chevron Corporation (NYSE:CVX)

Dynamic Advisor Solutions LLC boosted its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,099 shares of the oil and gas company's stock after acquiring an additional 2,317 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Chevron were worth $19,422,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Chevron during the 4th quarter valued at about $3,017,750,000. Raymond James Financial Inc. acquired a new position in Chevron in the 4th quarter valued at $1,036,302,000. GAMMA Investing LLC lifted its position in Chevron by 21,191.5% during the first 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 period. Bank of New York Mellon Corp boosted its position in shares of Chevron by 17.3% in the fourth quarter. Bank of New York Mellon Corp now owns 16,496,687 shares of the oil and gas company's stock worth $2,389,380,000 after acquiring an additional 2,432,756 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Chevron by 27.7% in the 4th quarter. Amundi now owns 8,806,050 shares of the oil and gas company's stock valued at $1,323,549,000 after purchasing an additional 1,910,262 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank lowered Chevron from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Hsbc Global Res downgraded Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. TD Cowen decreased their price target on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Barclays downgraded Chevron from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $171.00 to $152.00 in a research note on Wednesday, April 23rd. Finally, DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price for the company. in a research note on Tuesday, May 6th. Three equities 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 stock. According to MarketBeat.com, Chevron has an average rating of "Hold" and an average price target of $160.24.

Chevron Stock Performance

Shares of NYSE CVX traded down $0.67 during midday trading on Wednesday, reaching $148.18. 9,722,492 shares of the company traded hands, compared to its average volume of 8,216,658. The company has a market cap of $258.78 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a 50-day moving average price of $138.78 and a 200 day moving average price of $148.91. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.03. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The company had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. During the same period last year, the firm earned $2.93 EPS. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. Sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared 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 of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.62%. Chevron's dividend payout ratio is currently 78.17%.

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.