Brucke Financial Inc. Acquires Shares of 2,158 Chevron Co. (NYSE:CVX)

Brucke Financial Inc. bought a new position in Chevron Co. (NYSE:CVX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,158 shares of the oil and gas company's stock, valued at approximately $322,000.

A number of other large investors also recently added to or reduced their stakes in the business. Omnia Family Wealth LLC bought a new position in Chevron during the 4th quarter worth approximately $218,000. Bernard Wealth Management Corp. bought a new stake in Chevron in the fourth quarter valued at approximately $151,000. Yoffe Investment Management LLC purchased a new stake in shares of Chevron during the fourth quarter valued at approximately $430,000. LifeWealth Investments LLC purchased a new stake in shares of Chevron during the fourth quarter valued at approximately $211,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Chevron in the fourth quarter worth approximately $77,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CVX shares. Raymond James lowered their price target on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and decreased their price objective for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $160.00 to $143.00 in a report on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and set a $175.00 price target on shares of Chevron in a report on Monday, February 3rd. Finally, UBS Group lowered their price target on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of "Hold" and a consensus target price of $160.24.

Chevron Stock Up 0.9%

Shares of NYSE CVX traded up $1.24 during mid-day trading on Tuesday, hitting $137.78. 8,339,036 shares of the stock traded hands, compared to its average volume of 8,082,749. The company has a market cap of $240.62 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.46 and a beta of 0.83. The stock has a fifty day moving average price of $144.12 and a 200-day moving average price of $151.03. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.15 by $0.03. The business had revenue of $47.61 billion during 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%. The company's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.93 earnings per share. Research analysts anticipate that Chevron Co. will post 10.79 EPS 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 paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's payout ratio is currently 78.17%.

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.