EP Wealth Advisors LLC lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 23.5% during the first quarter, HoldingsChannel.com reports. The firm owned 50,828 shares of the oil and gas company’s stock after acquiring an additional 9,688 shares during the quarter. EP Wealth Advisors LLC’s holdings in Chevron were worth $5,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reilly Herbert Faulkner III raised its position in Chevron by 4.5% in the 1st quarter. Reilly Herbert Faulkner III now owns 30,697 shares of the oil and gas company’s stock valued at $3,501,000 after buying an additional 1,334 shares during the last quarter. Fiera Capital Corp raised its position in Chevron by 1.6% in the 1st quarter. Fiera Capital Corp now owns 298,283 shares of the oil and gas company’s stock valued at $34,016,000 after buying an additional 4,800 shares during the last quarter. Aries Wealth Management acquired a new stake in Chevron in the 4th quarter valued at approximately $1,727,000. Icon Wealth Partners LLC acquired a new stake in Chevron in the 4th quarter valued at approximately $1,006,000. Finally, Roosevelt Investment Group Inc. raised its position in Chevron by 21.7% in the 1st quarter. Roosevelt Investment Group Inc. now owns 73,364 shares of the oil and gas company’s stock valued at $8,366,000 after buying an additional 13,097 shares during the last quarter. 64.27% of the stock is currently owned by institutional investors.

CVX stock opened at $117.80 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $236.34 billion, a price-to-earnings ratio of 31.84, a P/E/G ratio of 2.18 and a beta of 1.10. Chevron Co. has a twelve month low of $105.30 and a twelve month high of $133.88.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 27th. The oil and gas company reported $1.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($0.31). The company had revenue of $42.24 billion during the quarter, compared to the consensus estimate of $46.62 billion. Chevron had a net margin of 7.87% and a return on equity of 6.89%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. research analysts predict that Chevron Co. will post 8.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 17th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $4.48 annualized dividend and a dividend yield of 3.80%. Chevron’s dividend payout ratio is currently 121.08%.

In other news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction that occurred on Thursday, July 12th. The stock was sold at an average price of $124.20, for a total transaction of $589,950.00. Following the completion of the transaction, the insider now directly owns 4,750 shares in the company, valued at approximately $589,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 19,000 shares of company stock valued at $2,422,690 over the last quarter. 0.46% of the stock is currently owned by corporate insiders.

CVX has been the topic of a number of recent research reports. Mizuho initiated coverage on Chevron in a research report on Friday, June 8th. They issued a “buy” rating and a $145.00 target price on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $140.00 target price on shares of Chevron in a research report on Monday, April 23rd. Goldman Sachs Group reissued a “buy” rating and issued a $141.00 target price on shares of Chevron in a research report on Tuesday, July 31st. Zacks Investment Research lowered Chevron from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, Credit Suisse Group set a $132.00 target price on Chevron and gave the company a “hold” rating in a research report on Sunday, July 1st. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Chevron currently has an average rating of “Buy” and a consensus target price of $138.49.

About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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