Teachers Retirement System of The State of Kentucky Has $21.58 Million Position in Chevron Corporation (NYSE:CVX)

Teachers Retirement System of The State of Kentucky raised its position in Chevron Corporation (NYSE:CVX - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,992 shares of the oil and gas company's stock after purchasing an additional 2,855 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Chevron were worth $21,579,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Life Planning Partners Inc acquired a new stake in shares of Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. bought a new stake in Chevron during the fourth quarter worth $29,000. 10Elms LLP bought a new stake in Chevron during the fourth quarter worth $29,000. Navigoe LLC bought a new position in shares of Chevron in the 4th quarter valued at $33,000. Finally, IFS Advisors LLC raised its position in Chevron by 119.6% during 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. Institutional investors own 72.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BNP Paribas cut shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Scotiabank restated a "sector perform" rating and set a $160.00 price target (up from $143.00) on shares of Chevron in a research report on Friday, July 11th. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and cut their target price for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Mizuho cut their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Finally, Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $161.31.

Chevron Stock Performance

Shares of NYSE CVX traded up $0.52 during midday trading on Tuesday, reaching $150.20. The company had a trading volume of 26,192,499 shares, compared to its average volume of 8,657,273. The business's 50-day simple moving average is $144.04 and its 200 day simple moving average is $148.68. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The stock has a market cap of $262.31 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.48 and a beta of 0.83. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17.

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 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 business had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same period in the previous year, the firm earned $2.93 EPS. The business's revenue was down 2.3% on a year-over-year basis. On average, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 4.55%. Chevron's payout ratio is currently 78.17%.

Chevron 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.