Greenleaf Trust Grows Stock Holdings in Chevron Corporation (NYSE:CVX)

Greenleaf Trust boosted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Berkeley Capital Partners LLC increased its stake in 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 purchasing an additional 67 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in 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 purchasing an additional 68 shares in the last quarter. CoreCap Advisors LLC increased its stake in 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 purchasing an additional 71 shares in the last quarter. Austin Wealth Management LLC increased its stake in 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 purchasing an additional 74 shares in the last quarter. Finally, Clayton Financial Group LLC increased its stake in 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 purchasing an additional 75 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

NYSE CVX traded up $1.18 during trading hours on Thursday, hitting $154.20. 8,389,843 shares of the company's stock traded hands, compared to its average volume of 8,351,329. The business's fifty day moving average price is $142.28 and its two-hundred day moving average price is $148.33. 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 market capitalization of $269.29 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.59 and a beta of 0.83. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96.

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

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.44%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio is presently 78.17%.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of research analyst reports. Hsbc Global Res lowered Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. UBS Group reduced their target price on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. HSBC lowered Chevron from a "buy" rating to a "hold" rating and reduced their target price for the stock from $176.00 to $158.00 in a report on Tuesday, May 13th. Redburn Atlantic reissued a "sell" rating and issued a $124.00 target price (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Finally, Mizuho reduced their price target 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. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $160.65.

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.