Holland Advisory Services Inc. Purchases Shares of 1,211 Chevron Co. (NYSE:CVX)

Holland Advisory Services Inc. acquired a new stake in shares of Chevron Co. (NYSE:CVX) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,211 shares of the oil and gas company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Life Planning Partners Inc acquired a new position in Chevron in the fourth quarter worth $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Chevron in the fourth quarter valued at $25,000. Mizuho Securities Co. Ltd. bought a new position in shares of Chevron in the fourth quarter valued at about $29,000. 10Elms LLP acquired a new position in Chevron during the 4th quarter worth about $29,000. Finally, Fairway Wealth LLC grew its holdings in Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CVX. HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating and dropped their target price for the stock from $176.00 to $158.00 in a research note on Tuesday, May 13th. UBS Group dropped their price objective on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Hsbc Global Res lowered Chevron from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 13th. DZ Bank cut Chevron from a “buy” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Tuesday, May 6th. Finally, BNP Paribas lowered Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $160.24.

Chevron Price Performance

Shares of CVX opened at $140.21 on Friday. The stock has a market cap of $244.86 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96. The stock’s 50-day moving average price is $138.98 and its two-hundred day moving average price is $149.81. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

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 8.71% and a return on equity of 11.44%. The business had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same period last year, the company posted $2.93 EPS. Chevron’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities analysts predict that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $1.71 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.88%. Chevron’s dividend payout ratio (DPR) is presently 78.17%.

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.