Arlington Trust Co LLC Has $1.57 Million Holdings in Chevron Corporation (NYSE:CVX)

Arlington Trust Co LLC cut its holdings in shares of Chevron Corporation (NYSE:CVX) by 2.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,354 shares of the oil and gas company’s stock after selling 248 shares during the period. Arlington Trust Co LLC’s holdings in Chevron were worth $1,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Berkeley Capital Partners LLC increased its stake in Chevron by 0.4% in the fourth quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company’s stock valued at $2,572,000 after acquiring an additional 67 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Chevron by 6.1% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 68 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of Chevron by 0.3% in the 4th quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company’s stock valued at $4,091,000 after purchasing an additional 71 shares during the last quarter. Fairscale Capital LLC raised its holdings in shares of Chevron by 11.5% during the 4th quarter. Fairscale Capital LLC now owns 706 shares of the oil and gas company’s stock worth $102,000 after buying an additional 73 shares in the last quarter. Finally, Austin Wealth Management LLC boosted its stake in Chevron by 3.2% in the fourth quarter. Austin Wealth Management LLC now owns 2,364 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 74 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CVX has been the topic of a number of research analyst reports. TD Cowen cut their target price 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. Wells Fargo & Company restated an “overweight” rating and set a $165.00 price objective (up previously from $164.00) on shares of Chevron in a research report on Thursday, June 26th. UBS Group cut their price target on Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. DZ Bank cut Chevron from a “buy” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Tuesday, May 6th. Finally, Scotiabank downgraded shares of Chevron from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Chevron has a consensus rating of “Hold” and a consensus target price of $160.29.

Chevron Trading Up 0.1%

Shares of Chevron stock traded up $0.09 on Wednesday, reaching $145.66. 695,358 shares of the company’s stock were exchanged, compared to its average volume of 8,232,299. The company has a market capitalization of $254.38 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The firm’s 50-day moving average is $140.56 and its two-hundred day moving average is $148.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08.

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 analysts’ consensus estimates of $2.15 by $0.03. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm had revenue of $47.61 billion during the quarter, compared to analysts’ expectations of $49.05 billion. During the same quarter last year, the firm posted $2.93 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.70%. Chevron’s dividend payout ratio is presently 78.17%.

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.