Chevron Co. (NYSE:CVX) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC lowered its stake in shares of Chevron Co. (NYSE:CVX - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,584 shares of the oil and gas company's stock after selling 11,737 shares during the quarter. Milestone Asset Management LLC's holdings in Chevron were worth $2,273,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CVX. Hummer Financial Advisory Services Inc boosted its holdings in Chevron by 5.9% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 4,483 shares of the oil and gas company's stock valued at $750,000 after acquiring an additional 250 shares during the period. High Net Worth Advisory Group LLC boosted its holdings in Chevron by 0.9% during the 1st quarter. High Net Worth Advisory Group LLC now owns 11,398 shares of the oil and gas company's stock valued at $1,907,000 after acquiring an additional 102 shares during the period. Gradient Investments LLC boosted its holdings in Chevron by 7.2% during the 1st quarter. Gradient Investments LLC now owns 288,909 shares of the oil and gas company's stock valued at $48,332,000 after acquiring an additional 19,302 shares during the period. Arlington Financial Advisors LLC boosted its holdings in Chevron by 12.4% during the 1st quarter. Arlington Financial Advisors LLC now owns 31,376 shares of the oil and gas company's stock valued at $5,249,000 after acquiring an additional 3,450 shares during the period. Finally, LVW Advisors LLC boosted its holdings in Chevron by 9.8% during the 1st quarter. LVW Advisors LLC now owns 12,022 shares of the oil and gas company's stock valued at $2,011,000 after acquiring an additional 1,077 shares during the period. Institutional investors own 72.42% of the company's stock.

Chevron Stock Up 0.2%

NYSE:CVX traded up $0.29 during mid-day trading on Thursday, hitting $137.66. 3,186,579 shares of the company's stock traded hands, compared to its average volume of 8,100,596. The company has a fifty day moving average of $140.16 and a 200 day moving average of $150.11. Chevron Co. has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a market capitalization of $240.41 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The company's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.93 earnings per share. On average, analysts forecast that Chevron Co. will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's dividend payout ratio is presently 78.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Mizuho lowered their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Piper Sandler lowered their target price on Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. UBS Group lowered their target price on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Wells Fargo & Company lowered their target price on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Barclays cut Chevron from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $171.00 to $152.00 in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.