Chevron Corporation (NYSE:CVX) Shares Acquired by First Bank & Trust

First Bank & Trust raised its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 24.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,647 shares of the oil and gas company's stock after purchasing an additional 4,594 shares during the quarter. Chevron accounts for approximately 0.8% of First Bank & Trust's investment portfolio, making the stock its 29th biggest position. First Bank & Trust's holdings in Chevron were worth $3,956,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CVX. IMG Wealth Management Inc. bought a new position in Chevron during the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new position in shares of Chevron during the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Chevron in the fourth quarter valued at about $29,000. 10Elms LLP bought a new position in shares of Chevron in the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC increased its position in Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after buying an additional 88 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVX has been the subject of several research reports. Wells Fargo & Company reissued an "overweight" rating and set a $165.00 price objective (up from $164.00) on shares of Chevron in a report on Thursday, June 26th. 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 report on Tuesday, May 6th. HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and cut their price objective for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. UBS Group cut their price target on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, BNP Paribas cut Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Three investment 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $160.41.

Chevron Price Performance

Shares of CVX stock traded up $2.34 during mid-day trading on Wednesday, reaching $147.91. The stock had a trading volume of 8,227,091 shares, compared to its average volume of 8,261,209. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $140.56 and a 200 day simple moving average of $148.08. The company has a market cap of $258.31 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83.

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 analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 EPS. On average, sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were paid a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.62%. Chevron's 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.