Integrated Advisors Network LLC Sells 2,501 Shares of Chevron Co. (NYSE:CVX)

Integrated Advisors Network LLC lowered its stake in Chevron Co. (NYSE:CVX - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 62,279 shares of the oil and gas company's stock after selling 2,501 shares during the quarter. Integrated Advisors Network LLC's holdings in Chevron were worth $9,020,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of Chevron during the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. bought a new position in Chevron in the fourth quarter worth $29,000. 10Elms LLP bought a new position in Chevron in the fourth quarter worth $29,000. Fairway Wealth LLC raised its holdings in Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 88 shares in the last quarter. Finally, Navigoe LLC bought a new position in Chevron in the fourth quarter worth $33,000. Institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

NYSE:CVX traded up $1.60 on Thursday, hitting $137.62. The stock had a trading volume of 4,554,529 shares, compared to its average volume of 8,069,494. The stock has a market cap of $240.34 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $143.01 and its two-hundred day simple moving average is $150.83. Chevron Co. has a 52-week low of $132.04 and a 52-week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter last year, the company earned $2.93 earnings per share. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Monday, May 19th. Chevron's dividend payout ratio (DPR) is currently 78.17%.

Analysts Set New Price Targets

CVX has been the topic of a number of recent research reports. Mizuho cut their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Scotiabank cut Chevron from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $160.00 to $143.00 in a research note on Friday, April 11th. Wells Fargo & Company cut their target price on Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, BNP Paribas cut Chevron to a "cautious" rating in a research report on Tuesday, April 15th. 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $160.24.

Chevron 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.