Eagle Bluffs Wealth Management LLC Has $1.01 Million Position in Chevron Corporation (NYSE:CVX)

Eagle Bluffs Wealth Management LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX) by 2.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,064 shares of the oil and gas company’s stock after acquiring an additional 141 shares during the period. Eagle Bluffs Wealth Management LLC’s holdings in Chevron were worth $1,014,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. CoreCap Advisors LLC raised its holdings in Chevron by 0.3% during the fourth quarter. CoreCap Advisors LLC now owns 28,248 shares of the oil and gas company’s stock worth $4,091,000 after buying an additional 71 shares during the last quarter. Clayton Financial Group LLC raised its holdings in Chevron by 4.6% during the first quarter. Clayton Financial Group LLC now owns 1,702 shares of the oil and gas company’s stock worth $285,000 after buying an additional 75 shares during the last quarter. Requisite Capital Management LLC raised its holdings in Chevron by 1.2% during the first quarter. Requisite Capital Management LLC now owns 6,362 shares of the oil and gas company’s stock worth $1,064,000 after buying an additional 77 shares during the last quarter. Silverlake Wealth Management LLC raised its holdings in Chevron by 0.7% during the first quarter. Silverlake Wealth Management LLC now owns 10,929 shares of the oil and gas company’s stock worth $1,828,000 after buying an additional 78 shares during the last quarter. Finally, Annandale Capital LLC raised its holdings in Chevron by 5.7% during the fourth quarter. Annandale Capital LLC now owns 1,471 shares of the oil and gas company’s stock worth $213,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

CVX opened at $154.84 on Monday. The firm has a market cap of $270.40 billion, a P/E ratio of 17.70, a PEG ratio of 2.44 and a beta of 0.83. The firm has a 50-day moving average of $145.12 and a 200 day moving average of $148.82. 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 Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. The company had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 earnings per share. On average, research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.42%. Chevron’s dividend payout ratio is presently 78.17%.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research reports. UBS Group lowered their price objective on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Wells Fargo & Company upped their target price on shares of Chevron from $165.00 to $178.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. DZ Bank lowered shares of 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. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating and reduced their target price for the stock from $176.00 to $158.00 in a research note on Tuesday, May 13th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $124.00 target price (down previously from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.