Aurdan Capital Management LLC Sells 5,309 Shares of Chevron Corporation (NYSE:CVX)

Aurdan Capital Management LLC lowered its position in shares of Chevron Corporation (NYSE:CVX) by 14.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,341 shares of the oil and gas company’s stock after selling 5,309 shares during the period. Chevron accounts for approximately 1.9% of Aurdan Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Aurdan Capital Management LLC’s holdings in Chevron were worth $5,076,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CVX. Eagle Capital Management LLC raised its holdings 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 acquiring an additional 242 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Chevron by 7.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,985 shares of the oil and gas company’s stock worth $5,212,000 after purchasing an additional 2,641 shares during the period. Proficio Capital Partners LLC raised its stake in Chevron by 59.5% in the fourth quarter. Proficio Capital Partners LLC now owns 5,851 shares of the oil and gas company’s stock valued at $847,000 after purchasing an additional 2,182 shares in the last quarter. Inspire Advisors LLC lifted its position in Chevron by 8.1% during the fourth quarter. Inspire Advisors LLC now owns 4,499 shares of the oil and gas company’s stock worth $652,000 after purchasing an additional 338 shares during the period. Finally, Prosperity Financial Group Inc. grew its stake in Chevron by 6.2% during the fourth quarter. Prosperity Financial Group Inc. now owns 3,908 shares of the oil and gas company’s stock worth $566,000 after buying an additional 227 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

CVX opened at $153.24 on Thursday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. 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 firm has a market capitalization of $267.62 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.64 and a beta of 0.83. The company’s 50 day moving average price is $141.92 and its two-hundred day moving average price is $148.25.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $49.05 billion. During the same period in the previous year, the firm posted $2.93 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The firm 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 4.46%. The ex-dividend date was Monday, May 19th. Chevron’s payout ratio is 78.17%.

Analyst Ratings Changes

Several equities analysts have recently commented on CVX shares. Barclays boosted their target price on shares of Chevron from $152.00 to $156.00 and gave the company an “equal weight” rating in a research report on Monday. DZ Bank cut shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 target price for the company. in a research report on Tuesday, May 6th. UBS Group dropped their target price 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. TD Cowen dropped their target price on shares of Chevron from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, May 5th. Finally, HSBC cut shares of Chevron from a “buy” rating to a “hold” rating and dropped their target price for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus price target of $160.65.

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.