WestHill Financial Advisors Inc. Has $889,000 Position in Chevron Corporation (NYSE:CVX)

WestHill Financial Advisors Inc. lessened its holdings in shares of Chevron Corporation (NYSE:CVX) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,312 shares of the oil and gas company’s stock after selling 223 shares during the period. WestHill Financial Advisors Inc.’s holdings in Chevron were worth $889,000 at the end of the most recent reporting period.

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

Chevron Stock Down 0.4%

NYSE:CVX opened at $148.18 on Thursday. The firm has a market capitalization of $258.78 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.61 and a beta of 0.83. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The stock’s 50 day moving average price is $138.82 and its two-hundred day moving average price is $148.90. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

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, topping the consensus estimate of $2.15 by $0.03. The firm had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.93 EPS. Equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Monday, May 19th. Chevron’s payout ratio is presently 78.17%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CVX shares. Hsbc Global Res cut Chevron from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 13th. Barclays cut Chevron from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $171.00 to $152.00 in a report on Wednesday, April 23rd. TD Cowen reduced their target price on Chevron from $155.00 to $150.00 and set a “hold” rating on the stock in a report on Monday, May 5th. BNP Paribas lowered Chevron to a “cautious” rating in a research report on Tuesday, April 15th. Finally, Piper Sandler dropped their price target on Chevron from $173.00 to $162.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. Three 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. Based on data from MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus price target 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.