Deprince Race & Zollo Inc. Has $29.21 Million Stake in Chevron Co. (NYSE:CVX)

Deprince Race & Zollo Inc. boosted its position in Chevron Co. (NYSE:CVX - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 201,681 shares of the oil and gas company's stock after buying an additional 15,365 shares during the quarter. Deprince Race & Zollo Inc.'s holdings in Chevron were worth $29,211,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CVX. TFB Advisors LLC grew its holdings in Chevron by 2.4% in the 4th quarter. TFB Advisors LLC now owns 2,840 shares of the oil and gas company's stock valued at $411,000 after buying an additional 66 shares in the last quarter. W.H. Cornerstone Investments Inc. boosted its position in shares of Chevron by 1.4% in the fourth quarter. W.H. Cornerstone Investments Inc. now owns 4,672 shares of the oil and gas company's stock valued at $677,000 after acquiring an additional 66 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Chevron by 0.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 15,240 shares of the oil and gas company's stock valued at $2,207,000 after acquiring an additional 66 shares in the last quarter. Meridian Financial Partners LLC increased its position in Chevron by 0.5% during the fourth quarter. Meridian Financial Partners LLC now owns 13,416 shares of the oil and gas company's stock worth $1,943,000 after acquiring an additional 67 shares during the period. Finally, Western Pacific Wealth Management LP raised its stake in Chevron by 14.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 517 shares of the oil and gas company's stock worth $75,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Price Performance

Chevron stock traded up $1.48 during mid-day trading on Friday, reaching $138.52. The company had a trading volume of 5,964,253 shares, compared to its average volume of 7,993,213. The business has a fifty day simple moving average of $147.91 and a 200 day simple moving average of $152.05. The company has a market cap of $243.88 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. Chevron's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS. On average, equities research analysts predict that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.71 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.94%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CVX. Barclays cut shares of Chevron from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $171.00 to $152.00 in a report on Wednesday, April 23rd. Truist Financial lowered their price objective on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $175.00 target price on shares of Chevron in a research report on Monday, February 3rd. UBS Group decreased their price target on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Scotiabank cut shares of Chevron from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $161.25.

About Chevron

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.