Chevron Co. (NYSE:CVX) Position Boosted by NBC Securities Inc.

NBC Securities Inc. grew its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 107,824.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,932 shares of the oil and gas company's stock after buying an additional 39,895 shares during the quarter. Chevron accounts for 0.6% of NBC Securities Inc.'s portfolio, making the stock its 21st largest position. NBC Securities Inc.'s holdings in Chevron were worth $6,680,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sage Capital Advisors llc boosted its stake in shares of Chevron by 2.2% in the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock valued at $7,097,000 after purchasing an additional 919 shares during the period. Allianz SE purchased a new position in shares of Chevron in the fourth quarter valued at $9,369,000. Nicholas Company Inc. boosted its stake in shares of Chevron by 4.3% in the fourth quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock valued at $11,591,000 after purchasing an additional 3,280 shares during the period. Applied Finance Capital Management LLC boosted its stake in shares of Chevron by 1.6% in the fourth quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company's stock valued at $26,044,000 after purchasing an additional 2,755 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Chevron by 4.5% in the fourth quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company's stock valued at $174,817,000 after purchasing an additional 52,307 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of CVX stock traded up $0.15 during trading hours on Thursday, reaching $137.52. The stock had a trading volume of 2,533,313 shares, compared to its average volume of 8,097,819. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a twelve month low of $132.04 and a twelve month high of $168.96. The firm has a 50-day simple moving average of $140.16 and a 200-day simple moving average of $150.11. The firm has a market capitalization of $240.16 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. Chevron had a net margin of 8.71% and a return on equity of 11.44%. Chevron's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.93 EPS. As a group, equities analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.97%. Chevron's dividend payout ratio (DPR) is 78.17%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Scotiabank downgraded shares of Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Piper Sandler cut their price target on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. BNP Paribas cut shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and cut their price target for the company from $176.00 to $158.00 in a report on Tuesday, May 13th. Finally, Wells Fargo & Company cut their price target on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Chevron has an average rating of "Hold" and an average target price of $160.24.

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.