Integral Investment Advisors Inc. trimmed its holdings in Chevron Co. (NYSE:CVX – Free Report) by 2.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,348 shares of the oil and gas company’s stock after selling 155 shares during the quarter. Chevron makes up approximately 0.6% of Integral Investment Advisors Inc.’s holdings, making the stock its 20th biggest position. Integral Investment Advisors Inc.’s holdings in Chevron were worth $873,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rebalance LLC bought a new position in shares of Chevron during the 4th quarter valued at approximately $26,000. Worth Asset Management LLC bought a new position in shares of Chevron during the 1st quarter valued at approximately $36,000. Red Tortoise LLC bought a new position in shares of Chevron during the 4th quarter valued at approximately $37,000. Western Pacific Wealth Management LP purchased a new stake in Chevron during the 4th quarter valued at $37,000. Finally, JDM Financial Group LLC purchased a new stake in Chevron during the 4th quarter valued at $42,000. 69.65% of the stock is currently owned by institutional investors.
Chevron Price Performance
Shares of CVX stock opened at $157.35 on Friday. Chevron Co. has a 1-year low of $132.54 and a 1-year high of $189.68. The stock’s 50-day moving average is $157.44 and its 200 day moving average is $165.12. The company has a market cap of $298.12 billion, a P/E ratio of 8.50, a PEG ratio of 0.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.43 and a quick ratio of 1.16.
Chevron Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, May 19th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 3.84%. The ex-dividend date was Thursday, May 18th. Chevron’s dividend payout ratio is presently 32.61%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on CVX shares. JPMorgan Chase & Co. upgraded Chevron from an “underweight” rating to a “neutral” rating and increased their price target for the company from $161.00 to $170.00 in a report on Wednesday, May 31st. 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. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a research note on Tuesday, May 23rd. Mizuho reduced their target price on Chevron from $206.00 to $196.00 in a research note on Friday, May 19th. Finally, Raymond James reduced their target price on Chevron from $212.00 to $208.00 and set an “outperform” rating on the stock in a research note on Friday, April 14th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.68.
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; 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.
Featured Stories
- Five stocks we like better than Chevron
- Tesla: Can Downgrades Make Sense After A 170% Rally?
- Buffett’s Berkshire Increases Stake In Occidental Petroleum (OXY)
- Rally Gains Momentum On Soft PCE Data
- Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth?
- SMART Global Holdings Momentum, Room To Move Higher?
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
