1,830 Shares in Chevron Corporation (NYSE:CVX) Purchased by Mason Investment Advisory Services Inc.

Mason Investment Advisory Services Inc. purchased a new stake in Chevron Corporation (NYSE:CVX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,830 shares of the oil and gas company's stock, valued at approximately $306,000.

Other large investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in Chevron in the 4th quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. acquired a new position in Chevron in the 4th quarter valued at approximately $29,000. 10Elms LLP acquired a new position in shares of Chevron in the 4th quarter worth approximately $29,000. IFS Advisors LLC raised its holdings in shares of Chevron by 119.6% in 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 in the last quarter. Finally, Navigoe LLC acquired a new position in shares of Chevron in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Price Performance

Shares of NYSE:CVX traded up $1.21 during midday trading on Friday, reaching $155.38. The company's stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,359,711. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company has a market capitalization of $271.35 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The business's fifty day simple moving average is $142.62 and its 200-day simple moving average is $148.44.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $49.05 billion. During the same period last year, the company posted $2.93 earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities 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. Investors of record on Monday, May 19th were given a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.40%. Chevron's payout ratio is 78.17%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CVX shares. Wells Fargo & Company reissued an "overweight" rating and issued a $165.00 target price (up from $164.00) on shares of Chevron in a report on Thursday, June 26th. Piper Sandler increased their target price on Chevron from $162.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. BNP Paribas cut Chevron to a "cautious" rating in a report on Tuesday, April 15th. TD Cowen dropped their target price on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a report on Monday, May 5th. Finally, HSBC cut 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 report on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $161.65.

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.