Quintet Private Bank Europe S.A. Acquires 6,859 Shares of Chevron Co. (NYSE:CVX)

Quintet Private Bank Europe S.A. boosted its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 4.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 157,113 shares of the oil and gas company's stock after acquiring an additional 6,859 shares during the period. Chevron accounts for 1.5% of Quintet Private Bank Europe S.A.'s portfolio, making the stock its 24th largest position. Quintet Private Bank Europe S.A.'s holdings in Chevron were worth $26,283,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in Chevron during the 4th quarter worth $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron during the 4th quarter worth $29,000. 10Elms LLP acquired a new stake in Chevron during the 4th quarter worth $29,000. Fairway Wealth LLC grew its holdings in Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after acquiring an additional 88 shares during the period. Finally, IFS Advisors LLC grew its holdings in 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 acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CVX. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and lowered their target price for the stock from $176.00 to $158.00 in a report on Tuesday, May 13th. BNP Paribas cut shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. TD Cowen reduced their price target on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Piper Sandler reduced their price target 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. Finally, Wells Fargo & Company reduced their price target on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Three investment 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $160.24.

Chevron Stock Up 0.5%

CVX traded up $0.77 during trading on Friday, hitting $145.74. The company had a trading volume of 14,126,704 shares, compared to its average volume of 8,174,571. The company has a market capitalization of $254.52 billion, a PE ratio of 14.99, a PEG ratio of 1.46 and a beta of 0.83. Chevron Co. has a one year low of $132.04 and a one year high of $168.96. The firm's 50-day moving average price is $138.35 and its 200 day moving average price is $149.32. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

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

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.69%. Chevron's dividend payout ratio is currently 78.17%.

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.