OneAscent Wealth Management LLC Has $609,000 Stake in Chevron Corporation (NYSE:CVX)

OneAscent Wealth Management LLC lessened its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 42.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,641 shares of the oil and gas company's stock after selling 2,646 shares during the quarter. OneAscent Wealth Management LLC's holdings in Chevron were worth $609,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. acquired a new position in shares of Chevron in the 4th quarter valued at $29,000. 10Elms LLP purchased a new position in Chevron during the 4th quarter worth $29,000. IFS Advisors LLC grew its stake in shares of Chevron by 119.6% during the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 116 shares during the period. Navigoe LLC acquired a new stake in Chevron in the 4th quarter valued at about $33,000. Finally, Cloud Capital Management LLC acquired a new stake in Chevron in the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

CVX stock traded up $0.52 during mid-day trading on Tuesday, reaching $150.20. The company had a trading volume of 26,192,499 shares, compared to its average volume of 8,657,277. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The stock's 50-day simple moving average is $144.04 and its two-hundred day simple moving average is $148.68. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $262.31 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.48 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping 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 firm had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. During the same period in the previous year, the business earned $2.93 earnings per share. Chevron's revenue for the quarter was down 2.3% compared to the same quarter last year. Research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.55%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $165.00 price target (up from $164.00) on shares of Chevron in a research note on Thursday, June 26th. Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating on shares of Chevron in a report on Friday. BNP Paribas lowered shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. Finally, Mizuho cut their price objective on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $161.31.

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.