United Advisor Group LLC Sells 2,032 Shares of Chevron Corporation (NYSE:CVX)

United Advisor Group LLC reduced its position in Chevron Corporation (NYSE:CVX) by 27.1% in the first quarter, Holdings Channel.com reports. The fund owned 5,462 shares of the oil and gas company’s stock after selling 2,032 shares during the quarter. United Advisor Group LLC’s holdings in Chevron were worth $914,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CVX. Parkside Financial Bank & Trust boosted its holdings in shares of Chevron by 0.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 15,240 shares of the oil and gas company’s stock valued at $2,207,000 after acquiring an additional 66 shares during the period. Berkeley Capital Partners LLC boosted its stake in Chevron by 0.4% during the 4th quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company’s stock worth $2,572,000 after purchasing an additional 67 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Chevron by 6.1% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 68 shares during the last quarter. Acorn Wealth Advisors LLC increased its stake in Chevron by 3.4% in the fourth quarter. Acorn Wealth Advisors LLC now owns 2,092 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 69 shares during the period. Finally, Unionview LLC raised its holdings in shares of Chevron by 3.4% in the fourth quarter. Unionview LLC now owns 2,149 shares of the oil and gas company’s stock valued at $311,000 after buying an additional 70 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CVX. Barclays lowered Chevron from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. Scotiabank cut shares of Chevron from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $160.00 to $143.00 in a research note on Friday, April 11th. DZ Bank downgraded 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 downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, BNP Paribas lowered shares of Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $160.24.

Chevron Stock Down 0.4%

Shares of NYSE:CVX opened at $148.18 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a market cap of $258.78 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 2.61 and a beta of 0.83. The company has a 50 day moving average of $138.82 and a 200-day moving average of $148.90. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96.

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, beating analysts’ consensus estimates of $2.15 by $0.03. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The company had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter in the prior year, the business posted $2.93 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 yield of 4.62%. The ex-dividend date was Monday, May 19th. Chevron’s dividend payout ratio (DPR) 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.