Signaturefd LLC Has $4.55 Million Stock Position in Chevron Corporation (NYSE:CVX)

Signaturefd LLC raised its position in Chevron Corporation (NYSE:CVX - Free Report) by 19.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 27,224 shares of the oil and gas company's stock after buying an additional 4,350 shares during the period. Signaturefd LLC's holdings in Chevron were worth $4,554,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of Chevron in the 4th quarter worth $25,000. Mizuho Securities Co. Ltd. bought a new position in shares of Chevron in the 4th quarter worth $29,000. 10Elms LLP bought a new position in shares of Chevron in the 4th quarter worth $29,000. IFS Advisors LLC boosted its position in shares of Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 116 shares during the last quarter. Finally, Navigoe LLC bought a new position in shares of Chevron in the 4th quarter worth $33,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Down 0.3%

Shares of CVX traded down $0.49 during midday trading on Tuesday, hitting $151.16. The stock had a trading volume of 2,377,730 shares, compared to its average volume of 8,346,611. The company has a 50 day simple moving average of $142.95 and a two-hundred day simple moving average of $148.52. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The firm has a market cap of $263.99 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82.

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

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio is currently 78.17%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group reduced their price target on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. BNP Paribas downgraded Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Barclays raised their price objective on Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. DZ Bank downgraded Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 6th. Finally, Piper Sandler raised their price objective on Chevron from $162.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Three 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. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $161.65.

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.