Mosaic Family Wealth Partners LLC Has $728,000 Stock Holdings in Chevron Corporation (NYSE:CVX)

Mosaic Family Wealth Partners LLC decreased its stake in Chevron Corporation (NYSE:CVX) by 5.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,353 shares of the oil and gas company’s stock after selling 246 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Chevron were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new stake in shares of Chevron during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in Chevron during the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Chevron in the fourth quarter valued at $29,000. 10Elms LLP acquired a new stake in shares of Chevron in the fourth quarter worth $29,000. Finally, Navigoe LLC acquired a new stake in shares of Chevron in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of CVX opened at $151.80 on Tuesday. The firm has a market cap of $265.10 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.63 and a beta of 0.83. The company’s fifty day moving average is $142.95 and its 200-day moving average is $148.52. 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 Corporation has a 12 month low of $132.04 and a 12 month high of $168.96.

Chevron (NYSE:CVX) last posted its earnings results 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. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same period in the prior year, the business posted $2.93 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Monday, May 19th. Chevron’s payout ratio is 78.17%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CVX. HSBC lowered Chevron from a “buy” rating to a “hold” rating and dropped their price target for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Mizuho dropped their target price on Chevron from $188.00 to $186.00 and set an “outperform” rating on the stock in a report on Tuesday, May 13th. UBS Group reduced their price target on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Redburn Atlantic restated a “sell” rating and set a $124.00 price target (down from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Finally, Scotiabank reiterated a “sector perform” rating and issued a $160.00 price objective (up previously from $143.00) on shares of Chevron in a research note on Friday. Three equities 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $161.65.

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.