Chevron Corporation $CVX Shares Sold by Knollwood Investment Advisory LLC

Knollwood Investment Advisory LLC lowered its position in shares of Chevron Corporation (NYSE:CVX) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 29,709 shares of the oil and gas company’s stock after selling 185 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in Chevron were worth $4,970,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Frisch Financial Group Inc. boosted its position in Chevron by 21.0% during the first quarter. Frisch Financial Group Inc. now owns 3,522 shares of the oil and gas company’s stock worth $589,000 after acquiring an additional 611 shares during the last quarter. GDS Wealth Management boosted its position in Chevron by 4.4% during the first quarter. GDS Wealth Management now owns 1,706 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 72 shares during the last quarter. Capital Analysts LLC boosted its position in Chevron by 5.7% during the first quarter. Capital Analysts LLC now owns 45,230 shares of the oil and gas company’s stock worth $7,567,000 after acquiring an additional 2,456 shares during the last quarter. Tradition Wealth Management LLC boosted its position in Chevron by 3.8% during the first quarter. Tradition Wealth Management LLC now owns 9,228 shares of the oil and gas company’s stock worth $1,544,000 after acquiring an additional 342 shares during the last quarter. Finally, Erste Asset Management GmbH boosted its position in Chevron by 33.4% during the first quarter. Erste Asset Management GmbH now owns 36,331 shares of the oil and gas company’s stock worth $6,083,000 after acquiring an additional 9,102 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of CVX stock opened at $152.2140 on Wednesday. The company’s fifty day simple moving average is $150.60 and its 200-day simple moving average is $148.56. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. The company has a market cap of $263.02 billion, a PE ratio of 19.59, a P/E/G ratio of 2.33 and a beta of 0.87.

Chevron (NYSE:CVX) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The business had revenue of $44.82 billion for the quarter, compared to the consensus estimate of $44.59 billion. During the same quarter last year, the firm posted $2.55 EPS. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 88.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CVX shares. Mizuho cut their price target on shares of Chevron from $188.00 to $186.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Chevron in a research note on Friday, July 18th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $178.00 price target on shares of Chevron in a research note on Friday, August 1st. Hsbc Global Res downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $180.00 price target on shares of Chevron in a research note on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron has a consensus rating of “Hold” and a consensus target price of $164.33.

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.