Members Wealth LLC Purchases Shares of 2,233 Chevron Co. (NYSE:CVX)

Members Wealth LLC acquired a new stake in shares of Chevron Co. (NYSE:CVX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,233 shares of the oil and gas company's stock, valued at approximately $346,000.

Several other large investors also recently made changes to their positions in CVX. Life Planning Partners Inc acquired a new position in shares of Chevron in the fourth quarter worth about $25,000. IMG Wealth Management Inc. acquired a new position in shares of Chevron in the fourth quarter worth about $25,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Chevron in the fourth quarter worth about $29,000. 10Elms LLP acquired a new position in shares of Chevron in the fourth quarter worth about $29,000. Finally, Fairway Wealth LLC boosted its holdings in shares of 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 buying an additional 88 shares during the period. Institutional investors own 72.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company reduced their price target on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Redburn Atlantic reissued a "sell" rating and issued a $124.00 price target (down from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. BNP Paribas lowered shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Finally, Mizuho reduced their price target on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $160.24.

Chevron Stock Down 1.3%

CVX traded down $1.78 during midday trading on Wednesday, hitting $136.05. 6,859,635 shares of the company's stock traded hands, compared to its average volume of 8,082,542. The company has a market cap of $237.60 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The stock's fifty day simple moving average is $143.01 and its 200-day simple moving average is $150.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a one year low of $132.04 and a one year 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, beating the consensus estimate of $2.15 by $0.03. The firm had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a net margin of 8.71% and a return on equity of 11.44%. 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 earned $2.93 earnings per share. As a group, equities analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal 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 given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's payout ratio is presently 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.