Dumont & Blake Investment Advisors LLC lowered its stake in Chevron Co. (NYSE:CVX – Get Rating) by 9.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,367 shares of the oil and gas company’s stock after selling 1,035 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Chevron were worth $1,691,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of CVX. Rebalance LLC acquired a new position in shares of Chevron during the 4th quarter worth approximately $26,000. Worth Asset Management LLC bought a new stake in shares of Chevron during the 1st quarter worth approximately $36,000. Red Tortoise LLC bought a new stake in shares of Chevron during the 4th quarter worth approximately $37,000. Western Pacific Wealth Management LP bought a new stake in shares of Chevron during the 4th quarter worth approximately $37,000. Finally, JDM Financial Group LLC bought a new stake in shares of Chevron during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 69.65% of the company’s stock.
Chevron Trading Up 1.8 %
CVX opened at $154.01 on Tuesday. Chevron Co. has a twelve month low of $132.54 and a twelve month high of $189.68. The company has a quick ratio of 1.16, a current ratio of 1.43 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $158.60 and a 200-day moving average of $165.45. The stock has a market cap of $291.79 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.77 and a beta of 1.17.
Chevron Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, May 19th were given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, May 18th. Chevron’s dividend payout ratio (DPR) is presently 32.61%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on CVX. Royal Bank of Canada raised shares of Chevron from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $180.00 in a report on Thursday, June 1st. Truist Financial dropped their price objective on shares of Chevron from $193.00 to $190.00 in a research note on Monday, May 1st. UBS Group started coverage on shares of Chevron in a research note on Wednesday, April 19th. They issued a “buy” rating and a $212.00 price objective for the company. StockNews.com started coverage on shares of Chevron in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $195.00 to $200.00 in a research note on Thursday, April 13th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $191.68.
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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.
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