Northwest Quadrant Wealth Management LLC Decreases Position in Chevron Co. (NYSE:CVX)

Northwest Quadrant Wealth Management LLC trimmed its position in shares of Chevron Co. (NYSE:CVX) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,825 shares of the oil and gas company’s stock after selling 122 shares during the quarter. Chevron makes up 0.2% of Northwest Quadrant Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Northwest Quadrant Wealth Management LLC’s holdings in Chevron were worth $989,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC lifted its position in shares of Chevron by 4.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,117 shares of the oil and gas company’s stock valued at $596,000 after acquiring an additional 168 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of Chevron by 7.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 1,927 shares of the oil and gas company’s stock valued at $279,000 after acquiring an additional 137 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Chevron by 9.2% in the fourth quarter. Sivia Capital Partners LLC now owns 3,983 shares of the oil and gas company’s stock valued at $577,000 after acquiring an additional 336 shares in the last quarter. Consilio Wealth Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at $203,000. Finally, Elevated Capital Advisors LLC lifted its position in shares of Chevron by 10.6% in the fourth quarter. Elevated Capital Advisors LLC now owns 10,039 shares of the oil and gas company’s stock valued at $1,454,000 after acquiring an additional 966 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of NYSE:CVX opened at $142.31 on Wednesday. The firm has a market capitalization of $250.55 billion, a PE ratio of 14.64, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The business has a 50-day moving average of $147.51 and a two-hundred day moving average of $151.94. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The company had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same period in the prior year, the firm posted $2.93 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. As a group, research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.81%. Chevron’s dividend payout ratio (DPR) is currently 78.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BNP Paribas lowered Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Barclays lowered Chevron from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $171.00 to $152.00 in a research note on Wednesday, April 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. Scotiabank lowered Chevron from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Finally, Raymond James dropped their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $160.24.

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; 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.