Chevron Corporation (NYSE:CVX) Shares Sold by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC reduced its stake in Chevron Corporation by 73.5%, selling 17,296 shares, and now holds 6,247 shares valued at approximately $1,045,000.
• Several research analysts have recently downgraded Chevron's stock ratings, with HSBC lowering its price target from $176.00 to $158.00 and other analysts noting mixed reviews, giving the stock an average rating of "Hold".
• Chevron announced a quarterly dividend of $1.71 per share, resulting in an annualized yield of 4.42%, with a payout ratio of 78.17%.

Integrated Investment Consultants LLC lowered its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 73.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,247 shares of the oil and gas company's stock after selling 17,296 shares during the period. Integrated Investment Consultants LLC's holdings in Chevron were worth $1,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Sage Capital Advisors llc grew its stake in Chevron by 2.2% during the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock worth $7,097,000 after buying an additional 919 shares during the last quarter. CCG Wealth Management LLC raised its holdings in shares of Chevron by 2.3% in the first quarter. CCG Wealth Management LLC now owns 6,334 shares of the oil and gas company's stock valued at $1,060,000 after buying an additional 145 shares during the last quarter. Ignite Planners LLC increased its stake in shares of Chevron by 14.1% in the 1st quarter. Ignite Planners LLC now owns 12,316 shares of the oil and gas company's stock valued at $2,060,000 after buying an additional 1,519 shares during the period. Vista Capital Partners Inc. lifted its position in Chevron by 9.1% during the 1st quarter. Vista Capital Partners Inc. now owns 5,938 shares of the oil and gas company's stock valued at $993,000 after purchasing an additional 495 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Chevron by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 143,914 shares of the oil and gas company's stock valued at $24,075,000 after purchasing an additional 675 shares during the period. Institutional investors own 72.42% of the company's stock.

Chevron Stock Up 0.9%

Chevron stock traded up $1.34 during midday trading on Monday, reaching $156.18. The company's stock had a trading volume of 8,753,488 shares, compared to its average volume of 11,984,889. 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 fifty-two week low of $132.04 and a fifty-two week high of $168.96. The business has a 50-day simple moving average of $145.12 and a 200-day simple moving average of $148.82. The company has a market cap of $272.75 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.44 and a beta of 0.83.

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

Chevron Announces Dividend

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 $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.38%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Analysts Set New Price Targets

CVX has been the topic of several research analyst reports. BNP Paribas downgraded shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. Piper Sandler reissued an "overweight" rating on shares of Chevron in a report on Tuesday, July 15th. Mizuho decreased their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 6th. Finally, Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $162.13.

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.