Laird Norton Wetherby Wealth Management LLC Has $4.65 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Laird Norton Wetherby Wealth Management LLC reduced its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,097 shares of the oil and gas company's stock after selling 5,045 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Chevron were worth $4,649,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Life Planning Partners Inc bought a new position in Chevron in the 4th quarter worth $25,000. IMG Wealth Management Inc. bought a new position in Chevron in the 4th quarter worth $25,000. Mizuho Securities Co. Ltd. bought a new position in Chevron in the 4th quarter worth $29,000. Fairway Wealth LLC raised its holdings in Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after acquiring an additional 88 shares during the period. Finally, Navigoe LLC bought a new position in Chevron in the 4th quarter worth $33,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVX. Wells Fargo & Company decreased their target price on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price on the stock. in a research report on Tuesday, May 6th. Raymond James decreased their target price on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. UBS Group decreased their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $160.00 to $143.00 in a research report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $160.24.

Chevron Price Performance

Shares of CVX stock traded down $1.13 during trading hours on Wednesday, reaching $141.22. 6,437,758 shares of the company were exchanged, compared to its average volume of 8,016,224. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The stock's fifty day moving average is $147.51 and its two-hundred day moving average is $151.94. The company has a market cap of $248.63 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

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

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.84%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is 78.17%.

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.