TD Private Client Wealth LLC Has $13.04 Million Holdings in Chevron Corporation (NYSE:CVX)

TD Private Client Wealth LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,968 shares of the oil and gas company's stock after acquiring an additional 4,154 shares during the period. TD Private Client Wealth LLC's holdings in Chevron were worth $13,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. IMG Wealth Management Inc. acquired a new stake in Chevron in the 4th quarter valued at $25,000. Life Planning Partners Inc bought a new position in shares of Chevron in the 4th quarter valued at about $25,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Chevron in the fourth quarter valued at about $29,000. 10Elms LLP bought a new stake in Chevron during the fourth quarter worth about $29,000. Finally, Fairway Wealth LLC boosted its position in Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 88 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

CVX traded down $0.97 during trading on Monday, hitting $147.40. The stock had a trading volume of 9,459,288 shares, compared to its average volume of 8,286,463. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The company has a 50 day moving average price of $141.16 and a 200-day moving average price of $148.15. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The firm has a market cap of $257.42 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.51 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The company had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter in the previous year, the business posted $2.93 earnings per share. Chevron's quarterly revenue was down 2.3% on a year-over-year basis. As a group, research analysts predict 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 given a dividend of $1.71 per share. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.64%. Chevron's payout ratio is presently 78.17%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CVX. DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research report on Tuesday, May 6th. Mizuho lowered their target price 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. Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Barclays lifted their price objective on shares of Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and dropped their target price for the company from $176.00 to $158.00 in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $160.65.

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.