Chevron Co. (NYSE:CVX) Shares Sold by RFG Advisory LLC

RFG Advisory LLC trimmed its stake in shares of Chevron Co. (NYSE:CVX - Free Report) by 31.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,895 shares of the oil and gas company's stock after selling 14,817 shares during the period. RFG Advisory LLC's holdings in Chevron were worth $5,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Capital & Planning LLC grew its holdings in Chevron by 15.2% in the fourth quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock valued at $243,000 after purchasing an additional 222 shares during the period. Eagle Capital Management LLC grew its holdings in Chevron by 0.7% in 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 purchasing an additional 242 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Chevron in the fourth quarter valued at approximately $8,947,000. Eagle Bluffs Wealth Management LLC grew its holdings in Chevron by 10.1% in the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 5,923 shares of the oil and gas company's stock valued at $858,000 after purchasing an additional 545 shares during the period. Finally, Spire Wealth Management grew its holdings in Chevron by 37.9% in the fourth quarter. Spire Wealth Management now owns 41,692 shares of the oil and gas company's stock valued at $6,039,000 after purchasing an additional 11,448 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Trading Down 1.5%

Chevron stock traded down $2.09 during trading on Wednesday, reaching $137.46. 8,728,080 shares of the company were exchanged, compared to its average volume of 8,112,503. Chevron Co. has a 52-week low of $132.04 and a 52-week high of $168.96. The company has a market capitalization of $240.06 billion, a P/E ratio of 14.14, a PEG ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock's 50 day simple moving average is $140.73 and its two-hundred day simple moving average is $150.20.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data 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. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter last year, the business posted $2.93 earnings per share. The firm's revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.71 per share. The ex-dividend date is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.98%. Chevron's payout ratio is 78.17%.

Analyst Ratings Changes

CVX has been the topic of several research analyst reports. Redburn Atlantic reissued a "sell" rating and issued a $124.00 price objective (down from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. UBS Group dropped 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. Mizuho dropped their price objective on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. TD Cowen decreased 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, DZ Bank downgraded Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price on the stock. 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 assigned a buy rating to the company. According to data from MarketBeat.com, Chevron presently has a consensus rating of "Hold" and an average price target of $160.24.

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.