Chevron Co. (NYSE:CVX) Shares Bought by QV Investors Inc.

QV Investors Inc. boosted its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,737 shares of the oil and gas company's stock after acquiring an additional 2,320 shares during the period. QV Investors Inc.'s holdings in Chevron were worth $4,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. Capital & Planning LLC grew its holdings in Chevron by 15.2% during the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock worth $243,000 after acquiring an additional 222 shares in the last quarter. Eagle Capital Management LLC lifted its position in shares of Chevron by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock valued at $5,011,000 after buying an additional 242 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Chevron during the fourth quarter valued at about $8,947,000. Brewster Financial Planning LLC purchased a new stake in shares of Chevron during the fourth quarter valued at about $279,000. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Chevron by 1.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 17,595 shares of the oil and gas company's stock valued at $2,645,000 after buying an additional 328 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 0.1%

Chevron stock traded up $0.15 during mid-day trading on Thursday, hitting $137.52. The company had a trading volume of 2,533,313 shares, compared to its average volume of 8,097,947. The stock has a market cap of $240.16 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.46 and a beta of 0.83. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $140.16 and a 200 day moving average of $150.11.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $47.61 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 earnings per share. On average, sell-side analysts expect that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's dividend payout ratio is presently 78.17%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CVX shares. BNP Paribas lowered shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. UBS Group decreased their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Wells Fargo & Company decreased their price objective on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $160.00 to $143.00 in a research report on Friday, April 11th. Finally, DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective for the company. in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Chevron presently has a consensus rating of "Hold" and an average target price of $160.24.

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.