Chevron Co. (NYSE:CVX) Shares Sold by Ellevest Inc.

Ellevest Inc. cut its holdings in shares of Chevron Co. (NYSE:CVX) by 50.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,723 shares of the oil and gas company’s stock after selling 1,753 shares during the period. Ellevest Inc.’s holdings in Chevron were worth $250,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Regent Peak Wealth Advisors LLC grew its stake in Chevron by 4.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,117 shares of the oil and gas company’s stock worth $596,000 after purchasing an additional 168 shares in the last quarter. ST Germain D J Co. Inc. grew its position in shares of Chevron by 49.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 20,607 shares of the oil and gas company’s stock worth $2,985,000 after buying an additional 6,822 shares in the last quarter. Czech National Bank increased its stake in shares of Chevron by 4.6% during the fourth quarter. Czech National Bank now owns 362,358 shares of the oil and gas company’s stock worth $52,484,000 after buying an additional 15,868 shares during the period. Aprio Wealth Management LLC increased its stake in shares of Chevron by 10.9% during the fourth quarter. Aprio Wealth Management LLC now owns 5,047 shares of the oil and gas company’s stock worth $731,000 after buying an additional 495 shares during the period. Finally, Matrix Trust Co raised its holdings in Chevron by 3.0% in the fourth quarter. Matrix Trust Co now owns 8,453 shares of the oil and gas company’s stock valued at $1,224,000 after acquiring an additional 248 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $138.52 on Friday. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a 50-day moving average price of $147.91 and a 200 day moving average price of $152.06. The company has a market cap of $243.88 billion, a P/E ratio of 14.25, a PEG ratio of 1.46 and a beta of 0.83. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

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

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Monday, May 19th. Chevron’s dividend payout ratio is currently 78.17%.

Analyst Ratings Changes

CVX has been the topic of a number of recent analyst reports. TD Cowen dropped their price objective on shares of Chevron from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. DZ Bank lowered Chevron from a “buy” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Tuesday, May 6th. Barclays cut Chevron from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $171.00 to $152.00 in a research report on Wednesday, April 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. 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 research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $161.25.

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.