Chevron Co. (NYSE:CVX) Shares Purchased by Strong Tower Advisory Services

Strong Tower Advisory Services lifted its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 52.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,693 shares of the oil and gas company's stock after purchasing an additional 6,416 shares during the period. Strong Tower Advisory Services' holdings in Chevron were worth $3,127,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CVX. Capital & Planning LLC lifted its position in shares of Chevron by 15.2% during the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock worth $243,000 after purchasing an additional 222 shares during the last quarter. Eagle Capital Management LLC raised its stake in Chevron by 0.7% during the 4th 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 in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Chevron during the 4th quarter worth $8,947,000. Brewster Financial Planning LLC acquired a new stake in Chevron during the 4th quarter worth $279,000. Finally, Chicago Partners Investment Group LLC raised its stake in Chevron by 1.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 17,595 shares of the oil and gas company's stock worth $2,645,000 after acquiring an additional 328 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Up 0.1%

Shares of NYSE:CVX traded up $0.15 during trading on Thursday, reaching $137.52. The stock had a trading volume of 2,533,313 shares, compared to its average volume of 8,097,947. The business has a fifty day moving average price of $140.16 and a 200-day moving average price of $150.11. 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 market cap of $240.16 billion, a P/E ratio of 14.15, a PEG ratio of 1.46 and a beta of 0.83. Chevron Co. 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 issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same quarter in the prior year, the business posted $2.93 earnings per share. Chevron's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's dividend payout ratio (DPR) is 78.17%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Redburn Atlantic restated a "sell" rating and issued a $124.00 price objective (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Piper Sandler lowered their target price on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. BNP Paribas downgraded shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. TD Cowen lowered their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Finally, Barclays downgraded shares of Chevron from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. Three research 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's stock. According to MarketBeat.com, Chevron has a consensus rating of "Hold" and an average target price of $160.24.

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.