Chevron Corporation (NYSE:CVX) Shares Bought by Foster & Motley Inc.

Foster & Motley Inc. raised its stake in Chevron Corporation (NYSE:CVX) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,407 shares of the oil and gas company’s stock after buying an additional 1,996 shares during the quarter. Foster & Motley Inc.’s holdings in Chevron were worth $4,250,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd increased its stake in Chevron by 420.7% during the first quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 122 shares during the period. 10Elms LLP purchased a new stake in shares of Chevron during the fourth quarter worth approximately $29,000. IFS Advisors LLC increased its stake in shares of Chevron by 119.6% during the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company’s stock worth $36,000 after buying an additional 116 shares during the period. Navigoe LLC purchased a new stake in shares of Chevron during the fourth quarter worth approximately $33,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Chevron during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

CVX stock opened at $157.15 on Wednesday. The company has a market capitalization of $274.44 billion, a P/E ratio of 17.96, a PEG ratio of 2.46 and a beta of 0.83. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The business has a 50 day simple moving average of $145.88 and a 200-day simple moving average of $148.89. 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 issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $49.05 billion. During the same period last year, the company earned $2.93 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.35%. The ex-dividend date was Monday, May 19th. Chevron’s dividend payout ratio is presently 78.17%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CVX shares. UBS Group cut their target price on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company increased their price target on shares of Chevron from $165.00 to $178.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Chevron in a research note on Friday, July 18th. Redburn Atlantic reiterated a “sell” rating and issued a $124.00 price target (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Finally, Mizuho dropped their price target on shares of Chevron from $188.00 to $186.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $162.13.

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.