Vanguard Capital Wealth Advisors Cuts Stock Holdings in Chevron Co. (NYSE:CVX)

Vanguard Capital Wealth Advisors reduced its position in Chevron Co. (NYSE:CVX) by 12.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,154 shares of the oil and gas company’s stock after selling 304 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Chevron were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CVX. Capital & Planning LLC boosted its holdings 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 valued at $243,000 after buying an additional 222 shares in the last quarter. Eagle Capital Management LLC boosted its holdings in shares of Chevron by 0.7% in the 4th 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 bought a new stake in shares of Chevron in the 4th quarter valued at about $8,947,000. Etesian Wealth Advisors Inc. boosted its stake in Chevron by 8.9% in the 4th quarter. Etesian Wealth Advisors Inc. now owns 10,048 shares of the oil and gas company’s stock worth $1,455,000 after purchasing an additional 817 shares in the last quarter. Finally, Buck Wealth Strategies LLC acquired a new stake in Chevron in the 4th quarter worth approximately $302,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Performance

CVX opened at $140.21 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The firm has a fifty day moving average price of $138.98 and a 200 day moving average price of $149.81. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96. The stock has a market cap of $244.86 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm had revenue of $47.61 billion during the quarter, compared to analysts’ expectations of $49.05 billion. During the same period in the previous year, the business posted $2.93 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on CVX shares. DZ Bank cut 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. Barclays cut shares of Chevron from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $171.00 to $152.00 in a research note on Wednesday, April 23rd. TD Cowen lowered their target price on shares of Chevron from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, May 5th. Redburn Atlantic reiterated a “sell” rating and issued a $124.00 target price (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Finally, BNP Paribas cut shares of Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Three 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 stock presently has a consensus rating of “Hold” and a consensus price target of $160.24.

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.