Daiwa Securities Group Inc. Has $41.63 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Daiwa Securities Group Inc. lifted its stake in Chevron Co. (NYSE:CVX - Free Report) by 6.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 266,167 shares of the oil and gas company's stock after purchasing an additional 17,128 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Chevron were worth $41,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. American Capital Advisory LLC increased its stake in shares of Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 125 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in Chevron during the fourth quarter valued at about $30,000. Anfield Capital Management LLC lifted its position in shares of Chevron by 118.0% in the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company's stock worth $34,000 after buying an additional 118 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Chevron during the 4th quarter worth about $40,000. Finally, Clear Investment Research LLC raised its stake in shares of Chevron by 264.9% in the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 204 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Price Performance

NYSE CVX traded down $2.08 on Tuesday, hitting $138.22. 8,182,980 shares of the company were exchanged, compared to its average volume of 7,782,672. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market cap of $254.73 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.34 and a beta of 1.09. Chevron Co. has a 1-year low of $137.09 and a 1-year high of $171.70. The firm has a 50 day moving average of $150.50 and a two-hundred day moving average of $155.16.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The company had revenue of $51.18 billion for the quarter, compared to the consensus estimate of $48.68 billion. During the same period last year, the company earned $3.08 earnings per share. Chevron's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Chevron Co. will post 11.86 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Monday, August 19th. Chevron's dividend payout ratio (DPR) is presently 59.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein cut Chevron from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $183.00 to $167.00 in a research report on Wednesday, July 17th. Wolfe Research started coverage on shares of Chevron in a report on Thursday, July 18th. They issued a "peer perform" rating on the stock. Scotiabank decreased their price target on shares of Chevron from $195.00 to $180.00 and set a "sector outperform" rating for the company in a report on Friday, July 12th. Barclays cut their price objective on Chevron from $203.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. Finally, Mizuho raised their target price on Chevron from $200.00 to $205.00 and gave the company a "buy" rating in a report on Monday, May 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $183.82.

Chevron Company 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.