Stratos Investment Management LLC Buys 11,288 Shares of Chevron Corporation (NYSE:CVX)

Stratos Investment Management LLC grew its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 37.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,624 shares of the oil and gas company's stock after acquiring an additional 11,288 shares during the period. Stratos Investment Management LLC's holdings in Chevron were worth $6,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CVX. Eagle Capital Management LLC raised its stake in shares of Chevron by 0.7% during 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 acquiring an additional 242 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Chevron by 7.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company's stock worth $5,212,000 after buying an additional 2,641 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Chevron by 59.5% in the fourth quarter. Proficio Capital Partners LLC now owns 5,851 shares of the oil and gas company's stock worth $847,000 after buying an additional 2,182 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Chevron in the fourth quarter worth $1,769,000. Finally, Kendall Capital Management grew its holdings in Chevron by 18.5% in the fourth quarter. Kendall Capital Management now owns 2,118 shares of the oil and gas company's stock worth $307,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Analyst Ratings Changes

CVX has been the topic of a number of research analyst reports. Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Mizuho lowered their price target on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Barclays upped their price objective on shares of Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a research report on Monday. Redburn Atlantic restated a "sell" rating and set a $124.00 price target (down previously from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Finally, TD Cowen dropped their price objective on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Three investment 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's stock. Based on data from MarketBeat.com, Chevron presently has an average rating of "Hold" and a consensus price target of $160.65.

Chevron Stock Performance

NYSE:CVX opened at $147.40 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a market capitalization of $257.42 billion, a P/E ratio of 16.85, a PEG ratio of 2.51 and a beta of 0.83. The company has a 50 day moving average price of $141.31 and a 200 day moving average price of $148.18. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 7.76% and a return on equity of 10.73%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $2.93 EPS. Equities research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued a dividend of $1.71 per share. 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 4.64%. Chevron's dividend payout ratio (DPR) 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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