Pure Financial Advisors LLC Boosts Holdings in Chevron Corporation (NYSE:CVX)

Pure Financial Advisors LLC boosted its stake in Chevron Corporation (NYSE:CVX - Free Report) by 23.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,052 shares of the oil and gas company's stock after purchasing an additional 3,776 shares during the quarter. Pure Financial Advisors LLC's holdings in Chevron were worth $3,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVX. Parkside Financial Bank & Trust raised its stake in Chevron by 0.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 15,240 shares of the oil and gas company's stock worth $2,207,000 after acquiring an additional 66 shares during the period. Berkeley Capital Partners LLC raised its stake in Chevron by 0.4% during the 4th quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company's stock worth $2,572,000 after acquiring an additional 67 shares during the period. CBIZ Investment Advisory Services LLC raised its stake in Chevron by 6.1% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company's stock worth $171,000 after acquiring an additional 68 shares during the period. CoreCap Advisors LLC raised its position in shares of Chevron by 0.3% during the fourth quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company's stock valued at $4,091,000 after buying an additional 71 shares during the last quarter. Finally, Fairscale Capital LLC raised its position in shares of Chevron by 11.5% during the fourth quarter. Fairscale Capital LLC now owns 706 shares of the oil and gas company's stock valued at $102,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Down 0.4%

NYSE CVX traded down $0.57 on Friday, hitting $143.87. 9,207,479 shares of the stock were exchanged, compared to its average volume of 8,266,856. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a fifty day moving average price of $140.08 and a two-hundred day moving average price of $148.37. The firm has a market capitalization of $251.26 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.54 and a beta of 0.83. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. Chevron's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 earnings per share. Research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed 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. This represents a $6.84 annualized dividend and a yield of 4.75%. The ex-dividend date was Monday, May 19th. Chevron's payout ratio is 78.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CVX shares. Piper Sandler reduced their price objective on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Barclays cut shares of Chevron from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $171.00 to $152.00 in a research report on Wednesday, April 23rd. BNP Paribas cut shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Mizuho reduced their price objective on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Finally, HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and cut their target price for the company from $176.00 to $158.00 in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $160.29.

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.