Lionsbridge Wealth Management LLC Takes Position in Chevron Corporation $CVX

Key Points

• Lionsbridge Wealth Management LLC has acquired 1,679 shares of Chevron Corporation ($CVX), valued at approximately $281,000, as reported in their recent 13F filing.
• Chevron has received mixed analyst ratings, with eleven analysts rating it as a Buy, while eight rated it a Hold and three a Sell, indicating diverse views on the stock's future performance.
• Chevron announced a quarterly dividend of $1.71, representing an annualized dividend yield of 4.5%, with an upcoming payment date of September 10th.

Lionsbridge Wealth Management LLC acquired a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,679 shares of the oil and gas company's stock, valued at approximately $281,000.

A number of other institutional investors have also recently modified their holdings of CVX. Harvest Fund Management Co. Ltd lifted its position in Chevron by 420.7% during the first quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 122 shares during the period. Elequin Capital LP acquired a new position in shares of Chevron in the 1st quarter valued at approximately $31,000. 10Elms LLP bought a new stake in shares of Chevron during the 4th quarter worth approximately $29,000. IFS Advisors LLC boosted its position 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 acquiring an additional 116 shares in the last quarter. Finally, Navigoe LLC bought a new position in shares of Chevron in the 4th quarter valued at $33,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Up 1.5%

Chevron stock traded up $2.3470 during trading hours on Friday, reaching $157.8970. 9,080,229 shares of the company's stock were exchanged, compared to its average volume of 8,166,027. The firm's 50 day simple moving average is $151.21 and its 200 day simple moving average is $148.66. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $272.84 billion, a PE ratio of 20.32, a PEG ratio of 2.31 and a beta of 0.87.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.19. The business had revenue of $44.82 billion for the quarter, compared to analyst estimates of $44.59 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. Chevron's revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.55 earnings per share. Research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 19th. Chevron's dividend payout ratio (DPR) is 88.03%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $178.00 price target on shares of Chevron in a report on Friday, August 1st. Morgan Stanley initiated coverage on shares of Chevron in a research note on Monday, August 4th. They set an "overweight" rating and a $174.00 target price on the stock. Piper Sandler increased their target price on Chevron from $164.00 to $168.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Evercore ISI reissued an "outperform" rating and set a $180.00 price target on shares of Chevron in a research note on Thursday, July 31st. Finally, Hsbc Global Res downgraded Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $163.95.

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.