Chevron Corporation (NYSE:CVX) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 36.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,599 shares of the oil and gas company's stock after selling 145,009 shares during the quarter. Private Advisor Group LLC's holdings in Chevron were worth $41,756,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CVX. Life Planning Partners Inc purchased a new stake in shares of Chevron in the 4th quarter worth $25,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Chevron during the 4th quarter worth $29,000. 10Elms LLP purchased a new stake in shares of Chevron during the 4th quarter worth $29,000. Navigoe LLC purchased a new stake in shares of Chevron during the 4th quarter worth $33,000. Finally, IFS Advisors LLC lifted 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 last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CVX. Barclays restated an "equal weight" rating on shares of Chevron in a research note on Tuesday. Piper Sandler reaffirmed an "overweight" rating on shares of Chevron in a research report on Tuesday. Mizuho reduced their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. TD Cowen reduced their target price on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $160.00 target price (up from $143.00) on shares of Chevron in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $161.31.

Chevron Stock Performance

Shares of CVX traded down $1.59 during mid-day trading on Friday, reaching $149.79. The company had a trading volume of 45,762,307 shares, compared to its average volume of 8,549,393. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96. 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 $261.59 billion, a P/E ratio of 17.12, a PEG ratio of 2.45 and a beta of 0.83. The stock has a 50 day moving average of $144.04 and a two-hundred day moving average of $148.67.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. The firm 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 company's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.93 earnings per share. On average, analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.57%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

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.