U.S. Capital Wealth Advisors LLC Grows Stock Position in Chevron Corporation (NYSE:CVX)

U.S. Capital Wealth Advisors LLC grew its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,627 shares of the oil and gas company's stock after buying an additional 21,932 shares during the period. Chevron makes up 1.0% of U.S. Capital Wealth Advisors LLC's holdings, making the stock its 13th biggest position. U.S. Capital Wealth Advisors LLC's holdings in Chevron were worth $33,396,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CVX. Norges Bank bought a new position in shares of Chevron during the fourth quarter worth about $3,017,750,000. GAMMA Investing LLC increased its holdings in shares of Chevron by 21,191.5% during the first quarter. GAMMA Investing LLC now owns 5,408,248 shares of the oil and gas company's stock valued at $904,746,000 after acquiring an additional 5,382,847 shares in the last quarter. Capital World Investors increased its holdings in shares of Chevron by 11.4% during the fourth quarter. Capital World Investors now owns 14,079,656 shares of the oil and gas company's stock valued at $2,039,288,000 after acquiring an additional 1,440,808 shares in the last quarter. Northern Trust Corp boosted its holdings in Chevron by 7.3% during the 4th quarter. Northern Trust Corp now owns 20,471,800 shares of the oil and gas company's stock worth $2,965,135,000 after acquiring an additional 1,394,091 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Chevron by 6.9% during the 4th quarter. Invesco Ltd. now owns 15,027,474 shares of the oil and gas company's stock worth $2,176,579,000 after acquiring an additional 964,426 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

NYSE CVX traded down $0.97 during trading hours on Monday, hitting $147.40. The company's stock had a trading volume of 9,459,288 shares, compared to its average volume of 8,286,464. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company's 50 day simple moving average is $141.16 and its two-hundred day simple moving average is $148.15. The company has a market cap of $257.42 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $47.61 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $2.93 EPS. As a group, sell-side analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 currently 78.17%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. DZ Bank downgraded shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a report on Tuesday, May 6th. Piper Sandler boosted their price target on shares of Chevron from $162.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Barclays boosted their price target on shares of Chevron from $152.00 to $156.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, UBS Group cut their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Chevron currently has a consensus rating of "Hold" and a consensus price target of $160.65.

About Chevron

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.