Madison Park Capital Advisors LLC Has $324,000 Stock Position in Chevron Corporation (NYSE:CVX)

Madison Park Capital Advisors LLC trimmed its position in Chevron Corporation (NYSE:CVX - Free Report) by 69.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,940 shares of the oil and gas company's stock after selling 4,440 shares during the quarter. Madison Park Capital Advisors LLC's holdings in Chevron were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. bought a new position in Chevron during the fourth quarter worth $25,000. Life Planning Partners Inc bought a new position in Chevron during the fourth quarter worth $25,000. Mizuho Securities Co. Ltd. bought a new position in Chevron during the fourth quarter worth $29,000. 10Elms LLP bought a new position in Chevron during the fourth quarter worth $29,000. Finally, Fairway Wealth LLC increased its position in Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after acquiring an additional 88 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Down 0.4%

Shares of NYSE:CVX opened at $143.87 on Friday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The company's fifty day moving average is $140.20 and its 200-day moving average is $148.27. The company has a market capitalization of $251.26 billion, a PE ratio of 16.44, a P/E/G ratio of 2.54 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last issued 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. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The company had revenue of $47.61 billion for the quarter, compared to the consensus estimate 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. Equities research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were paid a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.75%. Chevron's dividend payout ratio is presently 78.17%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CVX shares. Mizuho dropped their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and dropped their target price for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Piper Sandler dropped their target price on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, UBS Group lowered their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $160.29.

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.

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