Fort Sheridan Advisors LLC Reduces Position in Chevron Corporation (NYSE:CVX)

Fort Sheridan Advisors LLC lowered its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 4.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 46,340 shares of the oil and gas company's stock after selling 2,358 shares during the quarter. Chevron comprises 1.2% of Fort Sheridan Advisors LLC's investment portfolio, making the stock its 20th biggest holding. Fort Sheridan Advisors LLC's holdings in Chevron were worth $7,752,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Berkeley Capital Partners LLC increased its holdings in shares of Chevron by 0.4% in the 4th quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company's stock valued at $2,572,000 after acquiring an additional 67 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chevron by 6.1% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company's stock valued at $171,000 after acquiring an additional 68 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Chevron by 0.3% in the 4th quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company's stock valued at $4,091,000 after acquiring an additional 71 shares during the last quarter. Clayton Financial Group LLC increased its holdings in shares of Chevron by 4.6% in the 1st quarter. Clayton Financial Group LLC now owns 1,702 shares of the oil and gas company's stock valued at $285,000 after acquiring an additional 75 shares during the last quarter. Finally, Requisite Capital Management LLC increased its holdings in shares of Chevron by 1.2% in the 1st quarter. Requisite Capital Management LLC now owns 6,362 shares of the oil and gas company's stock valued at $1,064,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Price Performance

Shares of CVX traded up $1.21 during mid-day trading on Friday, hitting $155.38. The company's stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,352,057. 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 firm has a 50-day simple moving average of $142.62 and a 200 day simple moving average of $148.41. The firm has a market capitalization of $271.35 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.61 and a beta of 0.83. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.15 by $0.03. The business 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 company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $2.93 EPS. Analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.40%. Chevron's dividend payout ratio is currently 78.17%.

Analysts Set New Price Targets

CVX has been the topic of a number of research reports. Piper Sandler raised their price target on Chevron from $162.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company restated an "overweight" rating and set a $165.00 price target (up previously from $164.00) on shares of Chevron in a research note on Thursday, June 26th. DZ Bank downgraded Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research note on Tuesday, May 6th. Barclays raised their price target on Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Finally, Mizuho dropped their price target on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $161.65.

Chevron Company 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.