Sapient Capital LLC Decreases Stock Position in Chevron Co. (NYSE:CVX)

Sapient Capital LLC lessened its stake in Chevron Co. (NYSE:CVX - Free Report) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 308,924 shares of the oil and gas company's stock after selling 3,228 shares during the quarter. Chevron makes up approximately 1.0% of Sapient Capital LLC's holdings, making the stock its 19th biggest holding. Sapient Capital LLC's holdings in Chevron were worth $51,680,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Life Planning Partners Inc acquired a new position in Chevron during the 4th quarter valued at about $25,000. IMG Wealth Management Inc. bought a new stake in Chevron in the fourth quarter worth about $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron in the 4th quarter valued at about $29,000. 10Elms LLP bought a new position in shares of Chevron in the fourth quarter valued at $29,000. Finally, Fairway Wealth LLC boosted its stake in shares of 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 in the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Stock Up 0.5%

NYSE:CVX traded up $0.79 during mid-day trading on Friday, reaching $145.76. The company's stock had a trading volume of 10,960,598 shares, compared to its average volume of 8,156,445. 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 stock has a fifty day moving average of $138.35 and a 200-day moving average of $149.32. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96. The firm has a market capitalization of $254.55 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly 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 analysts' expectations of $49.05 billion. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $2.93 earnings per share. Equities research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.69%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Scotiabank lowered Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $160.00 to $143.00 in a research report on Friday, April 11th. HSBC lowered Chevron from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Wells Fargo & Company cut their price target on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Mizuho cut their price objective on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Finally, TD Cowen dropped their price objective on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $160.24.

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.