Chevron Corporation (NYSE:CVX) Shares Bought by Bailard Inc.

Bailard Inc. boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 3.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 87,286 shares of the oil and gas company’s stock after purchasing an additional 3,075 shares during the quarter. Bailard Inc.’s holdings in Chevron were worth $14,602,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Eagle Capital Management LLC lifted its stake in Chevron by 0.7% in the 4th 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 in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Chevron by 7.9% during the 4th 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. Proficio Capital Partners LLC increased its holdings in shares of Chevron by 59.5% during the 4th quarter. Proficio Capital Partners LLC now owns 5,851 shares of the oil and gas company’s stock worth $847,000 after buying an additional 2,182 shares during the last quarter. Compass Ion Advisors LLC increased its holdings in shares of Chevron by 3.2% during the 4th quarter. Compass Ion Advisors LLC now owns 6,121 shares of the oil and gas company’s stock worth $887,000 after buying an additional 190 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Chevron by 64.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,692 shares of the oil and gas company’s stock worth $821,000 after buying an additional 2,230 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Price Performance

Shares of CVX opened at $149.96 on Thursday. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96. The stock has a market cap of $261.88 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The firm has a fifty day moving average price of $143.53 and a 200 day moving average price of $148.55.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The firm had revenue of $47.61 billion during the quarter, compared to analysts’ expectations of $49.05 billion. During the same period in the previous year, the company earned $2.93 earnings per share. Chevron’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued a $1.71 dividend. 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 4.56%. Chevron’s payout ratio is 78.17%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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. HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating and dropped their target price for the company from $176.00 to $158.00 in a report on Tuesday, May 13th. DZ Bank downgraded shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 target price for the company. in a report on Tuesday, May 6th. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 target price (up previously from $164.00) on shares of Chevron in a report on Thursday, June 26th. Finally, Hsbc Global Res downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Hold” and a consensus price target of $161.65.

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.