Cape ANN Savings Bank held its position in shares of Chevron Corporation (NYSE:CVX) during the first quarter, Holdings Channel reports. The firm owned 12,317 shares of the oil and gas company’s stock at the end of the first quarter. Chevron Corporation accounts for about 1.8% of Cape ANN Savings Bank’s investment portfolio, making the stock its 19th largest position. Cape ANN Savings Bank’s holdings in Chevron Corporation were worth $1,322,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Chevron Corporation by 3.3% in the fourth quarter. State Street Corp now owns 117,508,471 shares of the oil and gas company’s stock worth $13,830,748,000 after buying an additional 3,719,388 shares during the period. Norges Bank acquired a new stake in Chevron Corporation during the fourth quarter valued at approximately $2,183,692,000. Teachers Advisors LLC raised its stake in Chevron Corporation by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 4,416,166 shares of the oil and gas company’s stock valued at $519,783,000 after buying an additional 573,660 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Chevron Corporation by 1,003.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,341,628 shares of the oil and gas company’s stock valued at $393,351,000 after buying an additional 3,038,922 shares during the last quarter. Finally, Prudential PLC raised its stake in Chevron Corporation by 10.6% in the fourth quarter. Prudential PLC now owns 2,492,253 shares of the oil and gas company’s stock valued at $293,339,000 after buying an additional 239,773 shares during the last quarter. 63.25% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

Chevron Corporation (NYSE:CVX) opened at 105.00 on Friday. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00. The firm has a 50-day moving average price of $105.71 and a 200 day moving average price of $110.39. The company has a market capitalization of $198.93 billion, a P/E ratio of 68.14 and a beta of 1.25.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.56. The company had revenue of $33.42 billion during the quarter, compared to analysts’ expectations of $34.05 billion. Chevron Corporation had a return on equity of 3.58% and a net margin of 2.34%. Chevron Corporation’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period last year, the business earned ($0.39) earnings per share. On average, equities analysts predict that Chevron Corporation will post $4.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, May 19th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.11%. The ex-dividend date was Wednesday, May 17th. Chevron Corporation’s payout ratio is currently 282.35%.

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Several research firms have recently commented on CVX. BidaskClub lowered shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday. BMO Capital Markets set a $130.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Thursday. Macquarie lowered shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price target for the company. in a research report on Wednesday. Vetr raised shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 price target for the company in a research report on Thursday, June 15th. Finally, HSBC Holdings plc raised shares of Chevron Corporation from a “hold” rating to a “buy” rating and reduced their price target for the company from $124.00 to $119.00 in a research report on Monday, June 5th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Chevron Corporation currently has an average rating of “Hold” and a consensus target price of $118.58.

About Chevron Corporation

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

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