Chevron Corporation (NYSE:CVX) Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC lessened its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,629 shares of the oil and gas company's stock after selling 4,515 shares during the period. Chevron makes up 1.4% of Plimoth Trust Co. LLC's investment portfolio, making the stock its 16th largest position. Plimoth Trust Co. LLC's holdings in Chevron were worth $5,459,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Trivant Custom Portfolio Group LLC lifted its stake in shares of Chevron by 1.0% in the 1st quarter. Trivant Custom Portfolio Group LLC now owns 16,406 shares of the oil and gas company's stock valued at $2,745,000 after purchasing an additional 167 shares during the last quarter. Sterling Investment Counsel LLC lifted its stake in Chevron by 72.1% during the 1st quarter. Sterling Investment Counsel LLC now owns 3,754 shares of the oil and gas company's stock worth $628,000 after acquiring an additional 1,573 shares in the last quarter. Global X Japan Co. Ltd. lifted its stake in Chevron by 12.5% during the 1st quarter. Global X Japan Co. Ltd. now owns 3,890 shares of the oil and gas company's stock worth $651,000 after acquiring an additional 432 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in Chevron by 1.7% during the 1st quarter. Premier Path Wealth Partners LLC now owns 12,744 shares of the oil and gas company's stock worth $2,132,000 after acquiring an additional 208 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC lifted its stake in Chevron by 9.2% during the 1st quarter. Heartwood Wealth Advisors LLC now owns 6,773 shares of the oil and gas company's stock worth $1,133,000 after acquiring an additional 569 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Stock Up 0.8%

Shares of CVX traded up $1.17 during mid-day trading on Friday, reaching $149.36. The company's stock had a trading volume of 23,672,194 shares, compared to its average volume of 8,231,243. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The stock has a market cap of $260.84 billion, a PE ratio of 17.07, a price-to-earnings-growth 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 company's 50 day moving average is $139.37 and its 200 day moving average is $148.65.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS 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 the consensus estimate of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 EPS. Equities analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a dividend of $1.71 per share. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.58%. Chevron's dividend payout ratio is presently 78.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen decreased their target price on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Piper Sandler decreased their target price on Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Mizuho decreased their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. UBS Group decreased their target price on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, HSBC lowered Chevron from a "buy" rating to a "hold" rating and decreased their target price for the stock from $176.00 to $158.00 in a research note on Tuesday, May 13th. Three 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, Chevron has an average rating of "Hold" and a consensus target price of $160.24.

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.