Secured Retirement Advisors LLC Has $1.78 Million Position in Chevron Corporation (NYSE:CVX)

Secured Retirement Advisors LLC decreased its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 26.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,649 shares of the oil and gas company's stock after selling 3,831 shares during the quarter. Chevron makes up 1.1% of Secured Retirement Advisors LLC's holdings, making the stock its 19th biggest position. Secured Retirement Advisors LLC's holdings in Chevron were worth $1,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVX. Berkeley Capital Partners LLC boosted its holdings in shares of Chevron by 0.4% during the fourth quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company's stock worth $2,572,000 after acquiring an additional 67 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in Chevron by 6.1% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company's stock valued at $171,000 after purchasing an additional 68 shares during the period. CoreCap Advisors LLC grew its holdings in Chevron by 0.3% in the 4th quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company's stock valued at $4,091,000 after buying an additional 71 shares in the last quarter. Clayton Financial Group LLC lifted its holdings in shares of Chevron by 4.6% during the first quarter. Clayton Financial Group LLC now owns 1,702 shares of the oil and gas company's stock worth $285,000 after buying an additional 75 shares in the last quarter. Finally, Requisite Capital Management LLC boosted its position in shares of Chevron by 1.2% in the first quarter. Requisite Capital Management LLC now owns 6,362 shares of the oil and gas company's stock valued at $1,064,000 after acquiring an additional 77 shares during the period. 72.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CVX shares. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and lowered their price target for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Barclays boosted their price target on Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. TD Cowen lowered 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. Mizuho cut their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Finally, BNP Paribas cut Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Chevron presently has a consensus rating of "Hold" and a consensus price target of $161.65.

Chevron Trading Up 0.8%

CVX opened at $155.38 on Friday. The company has a market cap of $271.35 billion, a P/E ratio of 17.76, a PEG ratio of 2.63 and a beta of 0.83. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $142.62 and its 200-day moving average is $148.44. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.93 earnings per share. Equities research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.40%. Chevron's payout ratio is presently 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.

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