St. Johns Investment Management Company LLC Sells 399 Shares of Chevron Corporation (NYSE:CVX)

St. Johns Investment Management Company LLC decreased its position in Chevron Corporation (NYSE:CVX) by 4.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,669 shares of the oil and gas company’s stock after selling 399 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Chevron were worth $1,283,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in 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 worth $2,207,000 after purchasing an additional 66 shares in the last quarter. Berkeley Capital Partners LLC increased its holdings in shares of Chevron by 0.4% during the fourth quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company’s stock valued at $2,572,000 after acquiring an additional 67 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chevron by 6.1% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company’s stock valued at $171,000 after acquiring an additional 68 shares in the last quarter. Acorn Wealth Advisors LLC increased its holdings in shares of Chevron by 3.4% during 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 acquiring an additional 69 shares in the last quarter. Finally, Wealthstream Advisors Inc. increased its holdings in shares of Chevron by 4.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 1,664 shares of the oil and gas company’s stock valued at $241,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 1.8%

CVX stock opened at $146.92 on Tuesday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market cap of $256.58 billion, a P/E ratio of 16.79, a PEG ratio of 2.63 and a beta of 0.83. The business’s 50-day moving average price is $139.60 and its 200-day moving average price is $148.52.

Chevron (NYSE:CVX) last posted its quarterly earnings data 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 firm had revenue of $47.61 billion for the quarter, compared to analysts’ expectations of $49.05 billion. During the same period in the previous year, the firm earned $2.93 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.66%. Chevron’s payout ratio is currently 78.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CVX shares. BNP Paribas downgraded Chevron to a “cautious” rating in a report on Tuesday, April 15th. Barclays downgraded Chevron from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. Mizuho reduced their price target on Chevron from $188.00 to $186.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Scotiabank downgraded Chevron from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $160.00 to $143.00 in a report on Friday, April 11th. Finally, Piper Sandler dropped their price objective 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 equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.24.

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.