Greenleaf Trust Increases Stake in Chevron Corporation (NYSE:CVX)

Greenleaf Trust raised its position in Chevron Corporation (NYSE:CVX - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,467 shares of the oil and gas company's stock after buying an additional 2,557 shares during the period. Greenleaf Trust's holdings in Chevron were worth $10,617,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Berkeley Capital Partners LLC grew its position in shares of Chevron by 0.4% during 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 period. CBIZ Investment Advisory Services LLC grew its position in shares of Chevron by 6.1% during 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 period. CoreCap Advisors LLC grew its position in shares of Chevron by 0.3% during 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 period. Austin Wealth Management LLC grew its position in shares of Chevron by 3.2% during the 4th quarter. Austin Wealth Management LLC now owns 2,364 shares of the oil and gas company's stock valued at $342,000 after acquiring an additional 74 shares during the period. Finally, Clayton Financial Group LLC grew its position in shares of Chevron by 4.6% during 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 period. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Trading Up 0.8%

Chevron stock traded up $1.21 during trading hours on Friday, reaching $155.38. The stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,359,711. The stock has a market cap of $271.35 billion, a PE ratio of 17.76, a PEG ratio of 2.63 and a beta of 0.83. Chevron Corporation has a 52 week low of $132.04 and a 52 week 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. The company has a fifty day simple moving average of $142.62 and a 200-day simple moving average of $148.44.

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

Chevron Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and reduced their target price for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. DZ Bank downgraded shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective for the company. in a report on Tuesday, May 6th. Scotiabank raised their price objective on shares of Chevron from $143.00 to $160.00 and gave the stock a "sector perform" rating in a report on Friday. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $165.00 price objective (up from $164.00) on shares of Chevron in a report on Thursday, June 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Chevron currently has an average rating of "Hold" and an average target price of $161.65.

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.