Trilogy Capital Inc. Acquires 1,798 Shares of Chevron Corporation (NYSE:CVX)

Key Points

• Trilogy Capital Inc. increased its stake in Chevron Corporation by 7.1%, holding $4.51 million worth of shares after purchasing an additional 1,798 shares in the first quarter.
• Chevron reported $2.18 earnings per share, exceeding estimates, but its quarterly revenue of $47.61 billion fell short of analysts' expectations at $49.05 billion.
• The company declared a quarterly dividend of $1.71 per share, reflecting an annualized amount of $6.84, equating to a dividend yield of 4.39%.

Trilogy Capital Inc. boosted its position in Chevron Corporation (NYSE:CVX - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,945 shares of the oil and gas company's stock after acquiring an additional 1,798 shares during the period. Trilogy Capital Inc.'s holdings in Chevron were worth $4,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC raised its holdings in shares of Chevron by 0.3% in the 4th quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company's stock valued at $4,091,000 after acquiring an additional 71 shares in the last quarter. Clayton Financial Group LLC raised its holdings in shares of Chevron by 4.6% during the 1st quarter. Clayton Financial Group LLC now owns 1,702 shares of the oil and gas company's stock valued at $285,000 after buying an additional 75 shares in the last quarter. Requisite Capital Management LLC raised its holdings in shares of Chevron by 1.2% during the 1st quarter. Requisite Capital Management LLC now owns 6,362 shares of the oil and gas company's stock valued at $1,064,000 after buying an additional 77 shares in the last quarter. Silverlake Wealth Management LLC raised its holdings in shares of Chevron by 0.7% during the 1st quarter. Silverlake Wealth Management LLC now owns 10,929 shares of the oil and gas company's stock valued at $1,828,000 after buying an additional 78 shares in the last quarter. Finally, Annandale Capital LLC raised its holdings in shares of Chevron by 5.7% during the 4th quarter. Annandale Capital LLC now owns 1,471 shares of the oil and gas company's stock valued at $213,000 after buying an additional 79 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Down 0.6%

Shares of CVX stock traded down $1.00 during mid-day trading on Friday, hitting $154.84. The company's stock had a trading volume of 7,872,671 shares, compared to its average volume of 12,051,790. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96. The business has a 50-day moving average price of $145.12 and a 200 day moving average price of $148.82. 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 cap of $270.40 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.44 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The company had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. Chevron's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.93 earnings per share. Research analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Piper Sandler reissued an "overweight" rating on shares of Chevron in a report on Tuesday, July 15th. Mizuho decreased their price target on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. DZ Bank cut Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research note on Tuesday, May 6th. Redburn Atlantic reaffirmed a "sell" rating and issued a $124.00 price target (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Chevron in a research report on Friday, July 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of "Hold" and an average target price of $162.13.

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.