ST Germain D J Co. Inc. Trims Stake in Chevron Co. (NYSE:CVX)

ST Germain D J Co. Inc. trimmed its holdings in Chevron Co. (NYSE:CVX - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,967 shares of the oil and gas company's stock after selling 5,640 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Chevron were worth $2,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVX. Capital & Planning LLC lifted its holdings 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 buying an additional 222 shares during the period. Eagle Capital Management LLC lifted its stake 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 worth $5,011,000 after acquiring an additional 242 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Chevron in the fourth quarter worth about $8,947,000. KPP Advisory Services LLC grew its holdings in Chevron by 4.0% during the 4th quarter. KPP Advisory Services LLC now owns 2,835 shares of the oil and gas company's stock worth $411,000 after acquiring an additional 110 shares in the last quarter. Finally, Brentview Investment Management LLC purchased a new position in Chevron during the 4th quarter valued at about $5,625,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Performance

CVX traded down $0.55 on Thursday, reaching $136.82. 6,335,522 shares of the stock were exchanged, compared to its average volume of 8,112,453. The company's 50-day moving average price is $140.16 and its 200 day moving average price is $150.11. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. 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 firm has a market capitalization of $238.95 billion, a PE ratio of 14.08, a PEG ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $2.93 earnings per share. As a group, sell-side analysts forecast that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Monday, May 19th. Chevron's dividend payout ratio (DPR) is currently 78.17%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CVX. Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. UBS Group dropped their target price 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 report on Tuesday, April 15th. Wells Fargo & Company reduced their price target on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and cut their price objective for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Chevron has an average rating of "Hold" and a consensus 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.