ODonnell Financial Services LLC boosted its position in shares of Chevron Co. (NYSE:CVX – Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,550 shares of the oil and gas company’s stock after acquiring an additional 78 shares during the period. Chevron accounts for 1.0% of ODonnell Financial Services LLC’s holdings, making the stock its 7th biggest position. ODonnell Financial Services LLC’s holdings in Chevron were worth $579,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steph & Co. increased its stake in Chevron by 6.3% during the 1st quarter. Steph & Co. now owns 4,943 shares of the oil and gas company’s stock valued at $806,000 after purchasing an additional 295 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake in Chevron by 1.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 92,113 shares of the oil and gas company’s stock valued at $16,533,000 after purchasing an additional 1,453 shares in the last quarter. M&R Capital Management Inc. increased its stake in Chevron by 9.8% during the 4th quarter. M&R Capital Management Inc. now owns 7,580 shares of the oil and gas company’s stock valued at $1,361,000 after purchasing an additional 674 shares in the last quarter. Albion Financial Group UT increased its stake in Chevron by 0.6% during the 4th quarter. Albion Financial Group UT now owns 17,553 shares of the oil and gas company’s stock valued at $3,151,000 after purchasing an additional 105 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its stake in Chevron by 5.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,920 shares of the oil and gas company’s stock valued at $3,575,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.
Chevron Stock Performance
NYSE:CVX opened at $157.21 on Wednesday. The company’s 50-day moving average price is $156.92 and its 200-day moving average price is $164.83. The company has a current ratio of 1.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market cap of $297.86 billion, a P/E ratio of 8.49, a P/E/G ratio of 0.80 and a beta of 1.16. Chevron Co. has a twelve month low of $132.54 and a twelve month high of $189.68.
Chevron Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, May 19th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Thursday, May 18th. Chevron’s dividend payout ratio is currently 32.61%.
Wall Street Analysts Forecast Growth
CVX has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of Chevron from $192.00 to $198.00 in a research note on Tuesday, May 23rd. Royal Bank of Canada upgraded shares of Chevron from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $180.00 in a research note on Thursday, June 1st. Piper Sandler cut their price objective on shares of Chevron from $196.00 to $188.00 in a research note on Tuesday, June 13th. Mizuho cut their price objective on shares of Chevron from $206.00 to $196.00 in a research note on Friday, May 19th. Finally, HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $189.00 price objective on the stock in a research note on Tuesday, May 23rd. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.
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