Westmount Partners LLC Has $706,000 Holdings in Chevron Corporation (NYSE:CVX)

Westmount Partners LLC trimmed its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 41.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,217 shares of the oil and gas company's stock after selling 3,025 shares during the period. Westmount Partners LLC's holdings in Chevron were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sage Capital Advisors llc boosted its position in Chevron by 2.2% during the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock worth $7,097,000 after purchasing an additional 919 shares during the period. CCG Wealth Management LLC boosted its position in Chevron by 2.3% during the first quarter. CCG Wealth Management LLC now owns 6,334 shares of the oil and gas company's stock worth $1,060,000 after purchasing an additional 145 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Chevron by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 143,914 shares of the oil and gas company's stock worth $24,075,000 after purchasing an additional 675 shares during the period. Pines Wealth Management LLC boosted its position in Chevron by 3.3% during the first quarter. Pines Wealth Management LLC now owns 7,808 shares of the oil and gas company's stock worth $1,306,000 after purchasing an additional 253 shares during the period. Finally, Viking Fund Management LLC boosted its position in Chevron by 9.3% during the first quarter. Viking Fund Management LLC now owns 117,000 shares of the oil and gas company's stock worth $19,573,000 after purchasing an additional 10,000 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 0.8%

Shares of Chevron stock traded up $1.21 on Friday, hitting $155.38. The stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,359,711. The stock has a 50 day moving average of $142.62 and a 200 day moving average of $148.44. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. 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 firm has a market capitalization of $271.35 billion, a P/E ratio of 17.76, a PEG ratio of 2.63 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The firm's revenue was down 2.3% compared to the same quarter last year. Sell-side analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Monday, May 19th. Chevron's dividend payout ratio is currently 78.17%.

Analysts Set New Price Targets

A number of research firms have commented on CVX. Wells Fargo & Company reaffirmed an "overweight" rating and set a $165.00 price objective (up from $164.00) on shares of Chevron in a research report on Thursday, June 26th. Hsbc Global Res cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Barclays boosted their target price on shares of Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. BNP Paribas cut shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Finally, Scotiabank boosted their target price on shares of Chevron from $143.00 to $160.00 and gave the company a "sector perform" rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $161.65.

Chevron Company 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.