Chevron Co. (NYSE:CVX) Shares Purchased by First National Bank Sioux Falls

First National Bank Sioux Falls lifted its stake in Chevron Co. (NYSE:CVX) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,836 shares of the oil and gas company’s stock after purchasing an additional 495 shares during the period. First National Bank Sioux Falls’ holdings in Chevron were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC raised its position in Chevron by 6.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 28,303 shares of the oil and gas company’s stock worth $4,735,000 after acquiring an additional 1,644 shares during the last quarter. Requisite Capital Management LLC raised its position 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 acquiring an additional 77 shares during the last quarter. Yousif Capital Management LLC raised its position in Chevron by 0.6% during the first quarter. Yousif Capital Management LLC now owns 294,770 shares of the oil and gas company’s stock worth $49,312,000 after acquiring an additional 1,745 shares during the last quarter. Parisi Gray Wealth Management raised its position in Chevron by 11.7% during the first quarter. Parisi Gray Wealth Management now owns 2,719 shares of the oil and gas company’s stock worth $455,000 after acquiring an additional 284 shares during the last quarter. Finally, Octavia Wealth Advisors LLC raised its position in Chevron by 20.9% during the first quarter. Octavia Wealth Advisors LLC now owns 10,034 shares of the oil and gas company’s stock worth $1,679,000 after acquiring an additional 1,735 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

CVX opened at $140.76 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a 52-week low of $132.04 and a 52-week high of $168.96. The company has a 50 day moving average of $138.46 and a two-hundred day moving average of $149.50. The company has a market cap of $245.82 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same period in the previous year, the firm earned $2.93 earnings per share. Chevron’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts expect that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm 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 of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.86%. Chevron’s dividend payout ratio is currently 78.17%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Piper Sandler cut their price objective on shares of Chevron from $173.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. DZ Bank lowered shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Tuesday, May 6th. Hsbc Global Res lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Mizuho cut their price objective on shares of Chevron from $188.00 to $186.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $124.00 price objective (down previously from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.24.

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.