Ensign Peak Advisors Inc Acquires 74,924 Shares of Chevron Co. (NYSE:CVX)

Ensign Peak Advisors Inc raised its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,006,836 shares of the oil and gas company's stock after buying an additional 74,924 shares during the period. Ensign Peak Advisors Inc owned about 0.11% of Chevron worth $290,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Life Planning Partners Inc purchased a new position in Chevron during the 4th quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in shares of Chevron during the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. bought a new position in Chevron in the fourth quarter worth $29,000. Fairway Wealth LLC raised its holdings in Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 88 shares in the last quarter. Finally, Navigoe LLC bought a new stake in shares of Chevron during the 4th quarter valued at $33,000. 72.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CVX has been the topic of several research reports. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $160.00 to $143.00 in a research note on Friday, April 11th. Barclays downgraded Chevron from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $171.00 to $152.00 in a report on Wednesday, April 23rd. BNP Paribas downgraded Chevron to a "cautious" rating in a report on Tuesday, April 15th. UBS Group reduced their price objective on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Wells Fargo & Company cut their price target on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Chevron has an average rating of "Hold" and a consensus price target of $161.25.

Chevron Stock Performance

NYSE CVX traded up $3.01 during trading hours on Monday, hitting $141.50. 8,025,247 shares of the company's stock traded hands, compared to its average volume of 8,003,369. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $249.12 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.46 and a beta of 0.83. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The business's fifty day moving average price is $147.91 and its two-hundred day moving average price is $152.07.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The business had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter in the prior year, the business posted $2.93 earnings per share. The business's quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's dividend payout ratio is currently 78.17%.

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.