United Advisor Group LLC Sells 2,032 Shares of Chevron Corporation (NYSE:CVX)

United Advisor Group LLC lowered its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 27.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,462 shares of the oil and gas company's stock after selling 2,032 shares during the period. United Advisor Group LLC's holdings in Chevron were worth $914,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. IMG Wealth Management Inc. bought a new stake in shares of Chevron during the 4th quarter worth about $25,000. Life Planning Partners Inc acquired a new position in shares of Chevron in the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. bought a new position in shares of Chevron during the fourth quarter worth approximately $29,000. 10Elms LLP acquired a new stake in Chevron during the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC boosted its stake in Chevron by 75.9% in the 4th 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 period. Institutional investors and hedge funds own 72.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho lowered their price objective on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. BNP Paribas cut shares of Chevron to a "cautious" rating in a research note on Tuesday, April 15th. TD Cowen decreased their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. 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. Finally, HSBC cut Chevron from a "buy" rating to a "hold" rating and cut their price target for the company from $176.00 to $158.00 in a research note on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.24.

Chevron Trading Down 0.4%

NYSE:CVX opened at $148.18 on Thursday. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $258.78 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.61 and a beta of 0.83. The firm has a fifty day simple moving average of $138.82 and a two-hundred day simple moving average of $148.90.

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

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were paid a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.62%. Chevron's dividend payout ratio (DPR) is 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.

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