CWS Financial Advisors LLC Boosts Stock Position in Chevron Corporation $CVX

by · The Cerbat Gem

CWS Financial Advisors LLC lifted its position in Chevron Corporation (NYSE:CVX – Free Report) by 4.1% in the first quarter, HoldingsChannel reports. The firm owned 6,414 shares of the oil and gas company’s stock after buying an additional 250 shares during the period. CWS Financial Advisors LLC’s holdings in Chevron were worth $1,073,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CVX. Charles Schwab Investment Management Inc. boosted its position in shares of Chevron by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,430,030 shares of the oil and gas company’s stock worth $5,592,263,000 after buying an additional 1,574,464 shares during the period. Northern Trust Corp boosted its holdings in Chevron by 7.3% during the 4th quarter. Northern Trust Corp now owns 20,471,800 shares of the oil and gas company’s stock valued at $2,965,135,000 after acquiring an additional 1,394,091 shares during the period. Ameriprise Financial Inc. boosted its holdings in Chevron by 1.3% during the 4th quarter. Ameriprise Financial Inc. now owns 16,718,838 shares of the oil and gas company’s stock valued at $2,421,564,000 after acquiring an additional 211,023 shares during the period. Invesco Ltd. boosted its holdings in Chevron by 5.5% during the 1st quarter. Invesco Ltd. now owns 15,855,325 shares of the oil and gas company’s stock valued at $2,652,437,000 after acquiring an additional 827,851 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Chevron by 2.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,755,894 shares of the oil and gas company’s stock valued at $1,992,406,000 after acquiring an additional 292,585 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of several recent research reports. UBS Group reissued a “buy” rating and issued a $186.00 price target (up previously from $177.00) on shares of Chevron in a research report on Monday, August 4th. Mizuho decreased their target price on Chevron from $188.00 to $186.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Raymond James Financial reiterated an “outperform” rating on shares of Chevron in a report on Friday, August 1st. Barclays reiterated an “equal weight” rating on shares of Chevron in a report on Tuesday, July 15th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $124.00 price objective (down previously from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $164.33.

Check Out Our Latest Analysis on Chevron

Chevron Stock Down 0.7%

Shares of Chevron stock opened at $155.44 on Tuesday. The company has a market cap of $268.60 billion, a P/E ratio of 20.01, a PEG ratio of 2.35 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The firm has a fifty day moving average of $150.42 and a two-hundred day moving average of $148.53.

Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.19. The firm had revenue of $44.82 billion during the quarter, compared to analysts’ expectations of $44.59 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.55 earnings per share. On average, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be given a $1.71 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $6.84 annualized dividend and a yield of 4.4%. Chevron’s dividend payout ratio is presently 88.03%.

Chevron Company Profile

(Free Report)

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; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

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