Dfpg Investments LLC raised its stake in Chevron Co. (NYSE:CVX – Get Rating) by 25.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,698 shares of the oil and gas company’s stock after purchasing an additional 7,781 shares during the quarter. Chevron accounts for about 0.7% of Dfpg Investments LLC’s portfolio, making the stock its 25th biggest position. Dfpg Investments LLC’s holdings in Chevron were worth $6,314,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Mechanics Bank Trust Department raised its position in Chevron by 1.2% in the 1st quarter. Mechanics Bank Trust Department now owns 69,967 shares of the oil and gas company’s stock valued at $11,416,000 after buying an additional 823 shares during the last quarter. FOCUS Wealth Advisors LLC grew its stake in shares of Chevron by 5.4% in the 1st quarter. FOCUS Wealth Advisors LLC now owns 9,796 shares of the oil and gas company’s stock worth $1,598,000 after acquiring an additional 502 shares in the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of Chevron by 47.9% in the first quarter. Tradewinds Capital Management LLC now owns 664 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 215 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its position in shares of Chevron by 4.1% during the first quarter. Onyx Bridge Wealth Group LLC now owns 12,242 shares of the oil and gas company’s stock valued at $1,997,000 after purchasing an additional 477 shares in the last quarter. Finally, Avaii Wealth Management LLC boosted its holdings in Chevron by 21.1% during the first quarter. Avaii Wealth Management LLC now owns 1,828 shares of the oil and gas company’s stock worth $298,000 after purchasing an additional 319 shares during the last quarter. Institutional investors own 69.65% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. StockNews.com started coverage on shares of Chevron in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Mizuho dropped their price target on Chevron from $206.00 to $196.00 in a report on Friday, May 19th. Cowen reduced their price objective on Chevron from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 24th. BNP Paribas upgraded Chevron from an “underperform” rating to a “neutral” rating and set a $200.00 target price on the stock in a research note on Tuesday, April 4th. Finally, HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and set a $189.00 price target on the stock in a report on Tuesday, May 23rd. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.68.
Chevron Stock Up 0.8 %
Chevron (NYSE:CVX – Get Rating) last released its quarterly earnings data on Friday, April 28th. The oil and gas company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.14. The company had revenue of $50.79 billion during the quarter, compared to analyst estimates of $49.49 billion. Chevron had a net margin of 14.74% and a return on equity of 23.15%. Chevron’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business earned $3.36 earnings per share. On average, equities analysts predict that Chevron Co. will post 13.82 EPS for the current fiscal year.
Chevron Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, May 19th were issued a $1.51 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $6.04 annualized dividend and a dividend yield of 3.90%. Chevron’s payout ratio is currently 32.61%.
Chevron Profile
Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.
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