RDA Financial Network Has $2.11 Million Stock Position in Chevron Co. (NYSE:CVX)

RDA Financial Network grew its position in Chevron Co. (NYSE:CVX - Free Report) by 215.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,586 shares of the oil and gas company's stock after acquiring an additional 8,590 shares during the quarter. RDA Financial Network's holdings in Chevron were worth $2,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital & Planning LLC boosted its position in shares of Chevron by 15.2% in the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock worth $243,000 after purchasing an additional 222 shares during the last quarter. Eagle Capital Management LLC boosted 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 worth $5,011,000 after buying an additional 242 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Chevron during the 4th quarter worth approximately $8,947,000. Strategic Financial Concepts LLC boosted its stake in shares of Chevron by 15,182.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 261,786 shares of the oil and gas company's stock worth $37,917,000 after buying an additional 260,073 shares during the last quarter. Finally, Shepherd Financial Partners LLC boosted its holdings in shares of Chevron by 1.6% in the 4th quarter. Shepherd Financial Partners LLC now owns 4,408 shares of the oil and gas company's stock valued at $638,000 after buying an additional 71 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CVX shares. UBS Group decreased their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. TD Cowen reduced their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a report on Monday, May 5th. DZ Bank downgraded shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price for the company. in a research note on Tuesday, May 6th. Piper Sandler cut their target price on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Finally, Barclays cut shares of Chevron from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $171.00 to $152.00 in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Chevron currently has a consensus rating of "Hold" and a consensus price target of $160.24.

Chevron Stock Performance

Shares of CVX stock opened at $140.21 on Friday. Chevron Co. has a 52-week low of $132.04 and a 52-week 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 50-day simple moving average of $138.98 and a 200-day simple moving average of $149.73. The stock has a market cap of $244.86 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. The business had revenue of $47.61 billion during 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 company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.93 earnings per share. On average, equities analysts expect that Chevron Co. will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.71 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.88%. Chevron's dividend payout ratio (DPR) is 78.17%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.