Caprock Group LLC boosted its position in Chevron Co. (NYSE:CVX – Free Report) by 75.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,075 shares of the oil and gas company’s stock after purchasing an additional 9,031 shares during the quarter. Caprock Group LLC’s holdings in Chevron were worth $3,439,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P grew its stake in shares of Chevron by 85.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 159,115 shares of the oil and gas company’s stock worth $25,908,000 after acquiring an additional 73,141 shares during the last quarter. Axiom Financial Strategies LLC grew its stake in shares of Chevron by 25.2% during the first quarter. Axiom Financial Strategies LLC now owns 7,335 shares of the oil and gas company’s stock worth $1,155,000 after acquiring an additional 1,476 shares during the last quarter. GQG Partners LLC grew its stake in shares of Chevron by 4.7% during the first quarter. GQG Partners LLC now owns 40,538 shares of the oil and gas company’s stock worth $6,598,000 after acquiring an additional 1,813 shares during the last quarter. Lumature Wealth Partners LLC grew its stake in shares of Chevron by 43.5% during the first quarter. Lumature Wealth Partners LLC now owns 5,837 shares of the oil and gas company’s stock worth $950,000 after acquiring an additional 1,770 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Chevron by 13.8% during the first quarter. First Trust Advisors LP now owns 2,068,600 shares of the oil and gas company’s stock worth $336,830,000 after acquiring an additional 250,840 shares during the last quarter. 69.65% of the stock is currently owned by institutional investors.
Chevron Trading Down 2.5 %
Shares of CVX stock opened at $153.58 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.43 and a quick ratio of 1.16. The company has a market cap of $290.98 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 0.80 and a beta of 1.16. The stock has a 50 day simple moving average of $155.83 and a 200-day simple moving average of $163.85. Chevron Co. has a 1-year low of $136.43 and a 1-year high of $189.68.
Chevron Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, May 19th were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Thursday, May 18th. Chevron’s payout ratio is 32.61%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on CVX shares. Morgan Stanley boosted their price target on Chevron from $192.00 to $198.00 in a research note on Tuesday, May 23rd. JPMorgan Chase & Co. upgraded Chevron from an “underweight” rating to a “neutral” rating and upped their target price for the company from $161.00 to $170.00 in a research report on Wednesday, May 31st. Citigroup dropped their target price on Chevron from $180.00 to $170.00 in a research report on Tuesday, July 11th. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a research report on Tuesday, May 23rd. Finally, Scotiabank upgraded Chevron from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $195.00 to $200.00 in a research report on Thursday, April 13th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.63.
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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