Elyxium Wealth LLC Has $1.55 Million Stock Holdings in Chevron Corporation (NYSE:CVX)

Elyxium Wealth LLC grew its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 316.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,269 shares of the oil and gas company's stock after acquiring an additional 7,041 shares during the period. Elyxium Wealth LLC's holdings in Chevron were worth $1,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. OneAscent Family Office LLC grew its position in Chevron by 110.1% during the first quarter. OneAscent Family Office LLC now owns 4,898 shares of the oil and gas company's stock worth $820,000 after buying an additional 2,567 shares during the period. Berkeley Capital Partners LLC grew its position in Chevron by 3.3% in the first quarter. Berkeley Capital Partners LLC now owns 18,343 shares of the oil and gas company's stock worth $3,069,000 after acquiring an additional 586 shares in the last quarter. Copperwynd Financial LLC lifted its stake in shares of Chevron by 12.0% in the first quarter. Copperwynd Financial LLC now owns 5,656 shares of the oil and gas company's stock worth $946,000 after buying an additional 607 shares during the last quarter. Calton & Associates Inc. acquired a new position in Chevron during the 1st quarter valued at $1,093,000. Finally, Conservest Capital Advisors Inc. grew its holdings in shares of Chevron by 2.3% in the 1st quarter. Conservest Capital Advisors Inc. now owns 7,306 shares of the oil and gas company's stock worth $1,222,000 after purchasing an additional 162 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. HSBC downgraded Chevron from a "buy" rating to a "hold" rating and reduced their price objective for the company from $176.00 to $158.00 in a research note on Tuesday, May 13th. Mizuho dropped their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Jefferies Financial Group reissued a "buy" rating on shares of Chevron in a report on Friday. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, BNP Paribas downgraded Chevron to a "cautious" rating in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $162.13.

Chevron Stock Up 1.3%

Shares of CVX stock traded up $1.99 on Wednesday, reaching $152.03. 5,227,548 shares of the company were exchanged, compared to its average volume of 8,657,464. The company has a 50-day moving average of $144.04 and a 200-day moving average of $148.68. The company has a market cap of $265.50 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.47 and a beta of 0.83. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The business had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. During the same quarter in the previous year, the firm posted $2.93 earnings per share. Chevron's quarterly revenue was down 2.3% on a year-over-year basis. Analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.50%. Chevron's payout ratio is currently 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.