Janney Montgomery Scott LLC Has $202.54 Million Stock Position in Chevron Co. (NYSE:CVX)

Janney Montgomery Scott LLC boosted its position in Chevron Co. (NYSE:CVX - Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,210,698 shares of the oil and gas company's stock after acquiring an additional 7,697 shares during the period. Janney Montgomery Scott LLC owned about 0.07% of Chevron worth $202,538,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CVX. M.E. Allison & CO. Inc. raised its stake in shares of Chevron by 86.4% in the 1st quarter. M.E. Allison & CO. Inc. now owns 9,861 shares of the oil and gas company's stock valued at $1,650,000 after acquiring an additional 4,572 shares during the period. Mission Wealth Management LP increased its holdings in Chevron by 44.3% in the 1st quarter. Mission Wealth Management LP now owns 56,946 shares of the oil and gas company's stock valued at $9,527,000 after purchasing an additional 17,472 shares in the last quarter. Brown Miller Wealth Management LLC raised its position in Chevron by 24.5% in the first quarter. Brown Miller Wealth Management LLC now owns 15,754 shares of the oil and gas company's stock valued at $2,635,000 after purchasing an additional 3,098 shares during the period. 1900 Wealth Management LLC lifted its stake in shares of Chevron by 2.6% during the first quarter. 1900 Wealth Management LLC now owns 7,212 shares of the oil and gas company's stock worth $1,206,000 after purchasing an additional 180 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC raised its stake in shares of Chevron by 0.5% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 19,761 shares of the oil and gas company's stock valued at $3,306,000 after purchasing an additional 99 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

CVX stock traded up $0.16 on Monday, reaching $146.07. The company's stock had a trading volume of 10,078,133 shares, compared to its average volume of 8,190,263. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The firm has a fifty day moving average of $138.53 and a two-hundred day moving average of $149.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The company has a market capitalization of $255.09 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

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

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.68%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their price target on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Hsbc Global Res downgraded Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. UBS Group dropped their price target on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Redburn Atlantic restated a "sell" rating and set a $124.00 price objective (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Finally, Mizuho lowered their target price 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 investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.