CHICAGO TRUST Co NA Lowers Stake in Chevron Co. (NYSE:CVX)

CHICAGO TRUST Co NA reduced its holdings in shares of Chevron Co. (NYSE:CVX) by 1.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 32,746 shares of the oil and gas company’s stock after selling 607 shares during the period. Chevron makes up 1.0% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 19th largest holding. CHICAGO TRUST Co NA’s holdings in Chevron were worth $5,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Destiny Wealth Partners LLC grew its position in Chevron by 8.6% during the 1st quarter. Destiny Wealth Partners LLC now owns 3,320 shares of the oil and gas company’s stock worth $555,000 after purchasing an additional 262 shares during the last quarter. Deane Retirement Strategies Inc. grew its position in Chevron by 2.1% during the 1st quarter. Deane Retirement Strategies Inc. now owns 21,960 shares of the oil and gas company’s stock worth $3,673,000 after purchasing an additional 447 shares during the last quarter. Portside Wealth Group LLC grew its position in Chevron by 17.9% during the 1st quarter. Portside Wealth Group LLC now owns 22,692 shares of the oil and gas company’s stock worth $3,796,000 after purchasing an additional 3,438 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its position in Chevron by 9.5% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 6,586 shares of the oil and gas company’s stock worth $1,102,000 after purchasing an additional 571 shares during the last quarter. Finally, NewSquare Capital LLC boosted its holdings in shares of Chevron by 714.1% in the first quarter. NewSquare Capital LLC now owns 521 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 457 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Up 2.4%

Shares of NYSE CVX opened at $140.21 on Monday. 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 Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The firm has a 50-day moving average price of $138.98 and a 200 day moving average price of $149.65. The stock has a market capitalization of $244.86 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

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

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Monday, May 19th. Chevron’s payout ratio is currently 78.17%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays downgraded shares of Chevron from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. DZ Bank downgraded shares of 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. Hsbc Global Res downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 13th. Wells Fargo & Company lowered their target price on shares of Chevron from $173.00 to $164.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Finally, Scotiabank downgraded shares of Chevron from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $160.00 to $143.00 in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $160.24.

About Chevron

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.