Pure Financial Advisors LLC Purchases 3,776 Shares of Chevron Corporation (NYSE:CVX)

Pure Financial Advisors LLC boosted its position in Chevron Corporation (NYSE:CVX) by 23.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,052 shares of the oil and gas company’s stock after acquiring an additional 3,776 shares during the period. Pure Financial Advisors LLC’s holdings in Chevron were worth $3,355,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CVX. Eagle Capital Management LLC grew its stake in shares of Chevron by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company’s stock worth $5,011,000 after purchasing an additional 242 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Chevron by 7.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company’s stock worth $5,212,000 after buying an additional 2,641 shares during the last quarter. Pinnacle West Asset Management Inc. grew its position in shares of Chevron by 3.9% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 15,230 shares of the oil and gas company’s stock worth $2,206,000 after buying an additional 575 shares during the period. Sprott Inc. bought a new stake in shares of Chevron in the 4th quarter valued at about $432,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Chevron in the 4th quarter valued at about $46,000. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of CVX opened at $143.49 on Thursday. The stock has a market capitalization of $250.59 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 2.52 and a beta of 0.83. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The firm has a fifty day simple moving average of $139.95 and a 200 day simple moving average of $148.45. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. The company had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.93 EPS. Research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CVX shares. TD Cowen decreased their price objective 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. Scotiabank cut shares of Chevron from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. BNP Paribas cut shares of Chevron to a “cautious” rating in a research report on Tuesday, April 15th. DZ Bank downgraded Chevron from a “buy” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 6th. Finally, UBS Group decreased their target price on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $160.24.

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; 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.