Integrated Advisors Network LLC Cuts Position in Chevron Co. (NYSE:CVX)

Integrated Advisors Network LLC decreased its holdings in Chevron Co. (NYSE:CVX - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CVX. Capital & Planning LLC grew its holdings in Chevron by 15.2% in the fourth quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock valued at $243,000 after purchasing an additional 222 shares during the last quarter. Eagle Capital Management LLC grew its holdings in Chevron by 0.7% in the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock valued at $5,011,000 after purchasing an additional 242 shares during the last quarter. D.B. Root & Company LLC grew its holdings in Chevron by 10.0% in the fourth quarter. D.B. Root & Company LLC now owns 6,400 shares of the oil and gas company's stock valued at $927,000 after purchasing an additional 583 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Chevron by 43.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 14,177 shares of the oil and gas company's stock valued at $2,053,000 after purchasing an additional 4,277 shares during the last quarter. Finally, Bill Few Associates Inc. grew its holdings in Chevron by 0.4% in the fourth quarter. Bill Few Associates Inc. now owns 27,670 shares of the oil and gas company's stock valued at $4,008,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Trading Down 1.3%

NYSE:CVX traded down $1.78 during mid-day trading on Wednesday, reaching $136.05. The company's stock had a trading volume of 6,859,635 shares, compared to its average volume of 8,077,885. The company's fifty day simple moving average is $143.58 and its two-hundred day simple moving average is $150.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a twelve month low of $132.04 and a twelve month high of $168.96. The stock has a market cap of $237.60 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last issued 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. 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 analyst estimates of $49.05 billion. During the same period last year, the company earned $2.93 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is 78.17%.

Analyst Ratings Changes

Several research firms have weighed in on CVX. Royal Bank of Canada reissued an "outperform" rating and issued a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. Raymond James lowered their target price on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Hsbc Global Res lowered Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Piper Sandler lowered their target price on Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Finally, Truist Financial decreased their price objective on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $160.24.

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.