Chevron Corporation (NYSE:CVX) Shares Bought by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,509 shares of the oil and gas company's stock after buying an additional 8,838 shares during the quarter. IFP Advisors Inc's holdings in Chevron were worth $10,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CVX. Mizuho Securities Co. Ltd. acquired a new stake in shares of Chevron during the 4th quarter valued at about $29,000. 10Elms LLP acquired a new position in shares of Chevron during the fourth quarter valued at approximately $29,000. IFS Advisors LLC boosted its stake in shares of Chevron by 119.6% in the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after acquiring an additional 116 shares during the last quarter. Navigoe LLC purchased a new stake in shares of Chevron during the fourth quarter worth approximately $33,000. Finally, Cloud Capital Management LLC acquired a new position in Chevron in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating 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 research report on Wednesday, April 23rd. UBS Group dropped their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Mizuho cut their price objective on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $165.00 target price (up from $164.00) on shares of Chevron in a research report on Thursday, June 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $161.31.

Chevron Price Performance

Shares of CVX traded up $0.87 during mid-day trading on Tuesday, reaching $150.55. 11,030,507 shares of the company's stock were exchanged, compared to its average volume of 8,598,276. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96. The company has a market cap of $262.92 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.48 and a beta of 0.83. The company has a 50-day simple moving average of $144.04 and a two-hundred day simple moving average of $148.68.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.93 EPS. On average, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal 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 issued a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.54%. Chevron's dividend payout ratio (DPR) is 78.17%.

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.