3,100 Shares in Chevron Co. (NYSE:CVX) Acquired by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp purchased a new position in shares of Chevron Co. (NYSE:CVX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,100 shares of the oil and gas company's stock, valued at approximately $519,000. Chevron accounts for about 0.3% of Viewpoint Investment Partners Corp's investment portfolio, making the stock its 27th largest holding.

Other institutional investors have also modified their holdings of the company. Capital & Planning LLC lifted its position in shares of Chevron by 15.2% during the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock valued at $243,000 after buying an additional 222 shares in the last quarter. Eagle Capital Management LLC lifted its holdings in Chevron by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock valued at $5,011,000 after purchasing an additional 242 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Chevron in the fourth quarter valued at about $8,947,000. Allspring Global Investments Holdings LLC increased its stake in shares of Chevron by 18.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,872 shares of the oil and gas company's stock worth $38,712,000 after purchasing an additional 40,311 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Chevron by 12.3% during the 4th quarter. Van ECK Associates Corp now owns 718,848 shares of the oil and gas company's stock worth $104,118,000 after purchasing an additional 78,602 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Stock Up 1.9%

Shares of Chevron stock traded up $2.83 during trading hours on Tuesday, reaching $148.86. 11,301,887 shares of the company were exchanged, compared to its average volume of 8,202,810. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The firm has a market cap of $259.97 billion, a PE ratio of 15.31, a PEG ratio of 1.46 and a beta of 0.83. The stock's fifty day moving average is $138.72 and its 200 day moving average is $148.91. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The company's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.93 earnings per share. As a group, equities research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared 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. This represents a $6.84 annualized dividend and a yield of 4.59%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio (DPR) is 78.17%.

Analyst Ratings Changes

CVX has been the topic of several research analyst reports. BNP Paribas cut Chevron to a "cautious" rating in a report on Tuesday, April 15th. Piper Sandler lowered their price target on Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company reduced their price objective on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Redburn Atlantic restated a "sell" rating and issued a $124.00 price objective (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Finally, UBS Group lowered their target price on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Chevron presently has an average rating of "Hold" and an average price target of $160.24.

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.