Global Assets Advisory LLC grew its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 148.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,173 shares of the oil and gas company's stock after acquiring an additional 9,663 shares during the quarter. Global Assets Advisory LLC's holdings in Chevron were worth $2,706,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in Chevron during the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Chevron in the fourth quarter worth $29,000. 10Elms LLP bought a new stake in shares of Chevron in the fourth quarter worth $29,000. Fairway Wealth LLC increased its position in Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after acquiring an additional 88 shares during the last quarter. Finally, IFS Advisors LLC lifted its holdings in Chevron by 119.6% in the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after acquiring an additional 116 shares during the period. 72.42% of the stock is currently owned by institutional investors.
Chevron Price Performance
CVX traded up $1.17 during trading on Thursday, hitting $144.40. 7,408,438 shares of the company traded hands, compared to its average volume of 8,252,277. 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 company has a market cap of $252.18 billion, a PE ratio of 16.50, a P/E/G ratio of 2.52 and a beta of 0.83. The stock's 50-day simple moving average is $139.95 and its two-hundred day simple moving average is $148.45. 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 issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The business'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 earnings per share. As a group, sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.
Chevron Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's payout ratio is 78.17%.
Analysts Set New Price Targets
CVX has been the subject of a number of recent research reports. Redburn Atlantic restated a "sell" rating and set a $124.00 price target (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. UBS Group cut their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Barclays downgraded shares of 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 report on Wednesday, April 23rd. Hsbc Global Res lowered Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, TD Cowen decreased their target price on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Three equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $160.29.
Check Out Our Latest Stock Report on Chevron
About Chevron
(
Free Report)
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.
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