Heartwood Wealth Advisors LLC Has $1.13 Million Position in Chevron Corporation (NYSE:CVX)

Heartwood Wealth Advisors LLC grew its holdings in Chevron Corporation (NYSE:CVX) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,773 shares of the oil and gas company’s stock after purchasing an additional 569 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in Chevron were worth $1,133,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of 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 stake in shares of Chevron during the fourth quarter worth $29,000. 10Elms LLP bought a new stake in shares of Chevron during the fourth quarter worth $29,000. Finally, Fairway Wealth LLC raised its position in shares of Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CVX. Hsbc Global Res downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on Chevron from $173.00 to $164.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Mizuho dropped their price objective on Chevron from $188.00 to $186.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. UBS Group dropped their price objective on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a report on Monday, April 7th. Finally, TD Cowen dropped their price objective on Chevron from $155.00 to $150.00 and set a “hold” rating for the company in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $160.24.

Chevron Stock Performance

Shares of NYSE:CVX opened at $148.18 on Thursday. The company’s 50 day moving average price is $138.82 and its two-hundred day moving average price is $148.90. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The firm has a market cap of $258.78 billion, a PE ratio of 16.93, a PEG ratio of 2.61 and a beta of 0.83. 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 announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to analysts’ expectations of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 EPS. Equities research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

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

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.