Mutual Advisors LLC Has $13.84 Million Stock Holdings in Chevron Corporation (NYSE:CVX)

Mutual Advisors LLC reduced its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,701 shares of the oil and gas company's stock after selling 1,886 shares during the quarter. Mutual Advisors LLC's holdings in Chevron were worth $13,835,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of Chevron during the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. acquired a new position in Chevron in the 4th quarter valued at approximately $29,000. 10Elms LLP purchased a new stake in shares of Chevron during the fourth quarter worth $29,000. Fairway Wealth LLC raised its stake in shares of Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 88 shares in the last quarter. Finally, IFS Advisors LLC lifted its stake in Chevron by 119.6% in the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Wall Street Analyst Weigh In

CVX has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Chevron from $162.00 to $164.00 and gave the company an "overweight" rating in a research report on Wednesday. HSBC cut Chevron from a "buy" rating to a "hold" rating and lowered their price objective for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Redburn Atlantic restated a "sell" rating and set a $124.00 price target (down previously from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Wells Fargo & Company reiterated an "overweight" rating and set a $165.00 target price (up previously from $164.00) on shares of Chevron in a research report on Thursday, June 26th. Finally, DZ Bank cut Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price on the stock. in a report on Tuesday, May 6th. Three 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's stock. Based on data from MarketBeat.com, Chevron has an average rating of "Hold" and a consensus target price of $160.41.

Chevron Stock Performance

NYSE CVX traded up $0.25 during trading on Thursday, reaching $148.23. 5,173,309 shares of the company's stock were exchanged, compared to its average volume of 8,273,025. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The stock has a market capitalization of $258.86 billion, a P/E ratio of 16.94, a PEG ratio of 2.52 and a beta of 0.83. The business has a 50 day moving average price of $140.78 and a 200-day moving average price of $148.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. The firm 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 was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 EPS. Sell-side analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio (DPR) is currently 78.17%.

About Chevron

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.