Chevron Corporation (NYSE:CVX) Shares Acquired by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC lifted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 29.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,522 shares of the oil and gas company's stock after purchasing an additional 5,103 shares during the quarter. Journey Strategic Wealth LLC's holdings in Chevron were worth $3,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Life Planning Partners Inc acquired a new stake in Chevron in the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. bought a new position in Chevron during the fourth quarter worth about $29,000. 10Elms LLP acquired a new stake in shares of Chevron during the fourth quarter worth $29,000. Navigoe LLC acquired a new position in Chevron during the fourth quarter valued at approximately $33,000. Finally, IFS Advisors LLC boosted its holdings in shares of Chevron by 119.6% during the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after buying an additional 116 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Up 0.7%

Chevron stock traded up $1.12 during midday trading on Monday, hitting $155.96. 4,267,904 shares of the stock were exchanged, compared to its average volume of 9,474,973. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $272.36 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 2.44 and a beta of 0.83. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96. The business's 50-day moving average price is $145.12 and its 200-day moving average price is $148.82.

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

Chevron Announces Dividend

The company also recently disclosed 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 yield of 4.39%. Chevron's dividend payout ratio (DPR) is 78.17%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CVX shares. TD Cowen decreased their price target on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research report on Tuesday, May 6th. Mizuho lowered their price objective on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Chevron in a report on Friday, July 18th. Finally, BNP Paribas cut shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Chevron currently has an average rating of "Hold" and an average price target of $162.13.

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.