Chevron Corporation (NYSE:CVX) Shares Purchased by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. grew its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 38.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,874 shares of the oil and gas company's stock after purchasing an additional 5,208 shares during the quarter. Chevron makes up approximately 0.9% of Financial Sense Advisors Inc.'s investment portfolio, making the stock its 26th largest position. Financial Sense Advisors Inc.'s holdings in Chevron were worth $3,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Chevron by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 36,269,270 shares of the oil and gas company's stock valued at $5,247,142,000 after purchasing an additional 392,916 shares during the period. Norges Bank purchased a new stake in shares of Chevron during the fourth quarter valued at $3,017,750,000. Northern Trust Corp boosted its stake in shares of Chevron by 7.3% during the fourth quarter. Northern Trust Corp now owns 20,471,800 shares of the oil and gas company's stock valued at $2,965,135,000 after purchasing an additional 1,394,091 shares during the period. Franklin Resources Inc. raised its holdings in shares of Chevron by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 17,280,105 shares of the oil and gas company's stock valued at $2,502,850,000 after acquiring an additional 79,917 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Chevron by 1.3% in the fourth quarter. Ameriprise Financial Inc. now owns 16,718,838 shares of the oil and gas company's stock worth $2,421,564,000 after acquiring an additional 211,023 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of Chevron stock traded up $2.61 during midday trading on Thursday, hitting $155.73. The company had a trading volume of 8,980,919 shares, compared to its average volume of 9,473,958. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The company has a fifty day simple moving average of $144.59 and a 200 day simple moving average of $148.73. 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 stock has a market cap of $271.97 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.48 and a beta of 0.83.

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 for the quarter, topping the consensus estimate of $2.15 by $0.03. The company had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. Chevron's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. As a group, analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's dividend payout ratio (DPR) is 78.17%.

Wall Street Analyst Weigh In

CVX has been the subject of a number of research reports. 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 note on Tuesday, May 13th. Scotiabank reaffirmed a "sector perform" rating and issued a $160.00 price objective (up from $143.00) on shares of Chevron in a research note on Friday, July 11th. Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and decreased their price target for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company increased their price target on shares of Chevron from $165.00 to $178.00 and gave the company an "overweight" rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Chevron presently has a consensus rating of "Hold" and an average target price of $162.13.

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.