Optivise Advisory Services LLC Acquires 160 Shares of Chevron Corporation (NYSE:CVX)

Optivise Advisory Services LLC increased its holdings in shares of Chevron Corporation (NYSE:CVX) by 10.8% during the first quarter, Holdings Channel reports. The fund owned 1,641 shares of the oil and gas company’s stock after purchasing an additional 160 shares during the period. Optivise Advisory Services LLC’s holdings in Chevron were worth $274,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Capital & Planning LLC boosted its position in 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 during the last quarter. Eagle Capital Management LLC boosted its position in 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 during the last quarter. Union Bancaire Privee UBP SA bought a new position in Chevron in the 4th quarter valued at $8,947,000. Bank Pictet & Cie Europe AG boosted its position in Chevron by 7.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company’s stock valued at $5,212,000 after buying an additional 2,641 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in Chevron by 212.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 5,352 shares of the oil and gas company’s stock valued at $775,000 after buying an additional 3,639 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CVX. Mizuho cut their price target on Chevron from $188.00 to $186.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company cut their price target on Chevron from $173.00 to $164.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. UBS Group cut their price target on Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. TD Cowen cut their price target on Chevron from $155.00 to $150.00 and set a “hold” rating on the stock in a research note on Monday, May 5th. Finally, BNP Paribas downgraded Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Chevron presently has an average rating of “Hold” and an average price target of $160.24.

Chevron Stock Performance

Shares of Chevron stock opened at $148.86 on Wednesday. The company has a market capitalization of $259.97 billion, a PE ratio of 17.01, a PEG ratio of 2.56 and a beta of 0.83. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $138.78 and its 200 day simple moving average is $148.91.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. The business had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 EPS. On average, research analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.59%. The ex-dividend date was Monday, May 19th. Chevron’s payout ratio is presently 78.17%.

About Chevron

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.