Colorado Capital Management Inc. held its stake in shares of Chevron Corporation (NYSE:CVX) during the first quarter, Holdings Channel reports. The institutional investor owned 1,953 shares of the oil and gas company’s stock at the end of the first quarter. Colorado Capital Management Inc.’s holdings in Chevron Corporation were worth $209,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. OLD Republic International Corp boosted its stake in shares of Chevron Corporation by 34.9% in the third quarter. OLD Republic International Corp now owns 780,700 shares of the oil and gas company’s stock valued at $83,946,000 after buying an additional 202,000 shares in the last quarter. Garde Capital Inc. boosted its stake in shares of Chevron Corporation by 304.0% in the third quarter. Garde Capital Inc. now owns 12,781 shares of the oil and gas company’s stock valued at $1,008,000 after buying an additional 9,617 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its stake in shares of Chevron Corporation by 17.6% in the third quarter. Quantitative Systematic Strategies LLC now owns 15,559 shares of the oil and gas company’s stock valued at $1,578,000 after buying an additional 2,327 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Chevron Corporation during the third quarter valued at $43,913,000. Finally, MEMBERS Trust Co boosted its stake in shares of Chevron Corporation by 3.3% in the third quarter. MEMBERS Trust Co now owns 9,484 shares of the oil and gas company’s stock valued at $976,000 after buying an additional 304 shares in the last quarter. Institutional investors own 63.25% of the company’s stock.
Shares of Chevron Corporation (NYSE CVX) opened at 108.13 on Wednesday. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00. The stock has a market capitalization of $204.86 billion, a price-to-earnings ratio of 70.17 and a beta of 1.25. The company has a 50-day moving average of $105.59 and a 200-day moving average of $110.56.
Chevron Corporation (NYSE:CVX) last announced its earnings results on Friday, April 28th. The oil and gas company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.56. Chevron Corporation had a return on equity of 3.58% and a net margin of 2.34%. The company had revenue of $33.42 billion during the quarter, compared to analysts’ expectations of $34.05 billion. During the same period last year, the business posted ($0.39) EPS. Chevron Corporation’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, equities research analysts expect that Chevron Corporation will post $4.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, May 19th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Wednesday, May 17th. Chevron Corporation’s payout ratio is presently 282.35%.
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CVX has been the topic of several research reports. Vetr cut shares of Chevron Corporation from a “hold” rating to a “sell” rating and set a $106.77 price target on the stock. in a research report on Thursday, February 16th. Wells Fargo & Company restated a “market perform” rating on shares of Chevron Corporation in a research report on Wednesday, February 22nd. Jefferies Group LLC boosted their price target on shares of Chevron Corporation from $141.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, February 27th. Evercore ISI restated an “underweight” rating on shares of Chevron Corporation in a research report on Monday, February 27th. Finally, Credit Suisse Group restated a “hold” rating on shares of Chevron Corporation in a research report on Friday, March 3rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Chevron Corporation presently has a consensus rating of “Hold” and an average price target of $119.25.
Chevron Corporation Company Profile
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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