Chevron Co. (NYSE:CVX) Shares Bought by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 34.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,900 shares of the oil and gas company’s stock after purchasing an additional 490 shares during the quarter. Trinity Financial Advisors LLC’s holdings in Chevron were worth $318,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CVX. Life Planning Partners Inc bought a new position in Chevron in the 4th quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Chevron in the 4th quarter worth approximately $25,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Chevron in the 4th quarter worth approximately $29,000. 10Elms LLP bought a new position in shares of Chevron in the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC increased its stake in shares of Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 88 shares during the period. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CVX shares. Hsbc Global Res downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Wells Fargo & Company cut their price objective on Chevron from $173.00 to $164.00 and set an “overweight” rating for the company in a report on Monday, May 5th. HSBC lowered Chevron from a “buy” rating to a “hold” rating and lowered their target price for the stock from $176.00 to $158.00 in a report on Tuesday, May 13th. TD Cowen cut their price target on shares of Chevron from $155.00 to $150.00 and set a “hold” rating for the company in a report on Monday, May 5th. Finally, DZ Bank lowered shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus price target of $160.24.

Chevron Stock Performance

Chevron stock opened at $143.40 on Wednesday. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The firm’s 50 day simple moving average is $138.21 and its 200-day simple moving average is $149.46. 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 company has a market cap of $250.43 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

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

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.77%. Chevron’s dividend payout ratio is 78.17%.

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.