Chevron Co. (NYSE:CVX) Shares Bought by Charles Schwab Trust Co

Charles Schwab Trust Co increased its holdings in Chevron Co. (NYSE:CVX) by 11.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,009 shares of the oil and gas company’s stock after buying an additional 2,078 shares during the quarter. Charles Schwab Trust Co’s holdings in Chevron were worth $3,515,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Capital & Planning LLC raised its stake in shares of Chevron by 15.2% in the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company’s stock worth $243,000 after buying an additional 222 shares in the last quarter. Eagle Capital Management LLC increased its holdings in shares of Chevron by 0.7% in the fourth quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company’s stock valued at $5,011,000 after buying an additional 242 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Chevron during the fourth quarter valued at $8,947,000. Optas LLC acquired a new position in shares of Chevron in the fourth quarter worth about $321,000. Finally, Columbus Macro LLC boosted its stake in Chevron by 49.3% in the 4th quarter. Columbus Macro LLC now owns 2,194 shares of the oil and gas company’s stock worth $318,000 after purchasing an additional 724 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research reports. DZ Bank lowered Chevron from a “buy” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Tuesday, May 6th. HSBC cut Chevron from a “buy” rating to a “hold” rating and reduced their price objective for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Scotiabank lowered shares of Chevron from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. Mizuho decreased their price target on Chevron from $188.00 to $186.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Finally, UBS Group reduced 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. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Chevron has a consensus rating of “Hold” and a consensus price target of $160.24.

Chevron Price Performance

CVX stock opened at $137.46 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The company has a market capitalization of $240.06 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company’s fifty day moving average price is $140.16 and its 200-day moving average price is $150.11. Chevron Co. has a one year low of $132.04 and a one year high of $168.96.

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

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.71 per share. The ex-dividend date is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.98%. Chevron’s payout ratio is currently 78.17%.

Chevron 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.