Heck Capital Advisors LLC Invests $1.05 Million in Chevron Co. (NYSE:CVX)

Heck Capital Advisors 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 filing with the Securities and Exchange Commission (SEC). The firm acquired 7,221 shares of the oil and gas company's stock, valued at approximately $1,046,000.

Several other institutional investors have also bought and sold shares of CVX. Capital & Planning LLC lifted its holdings in shares of Chevron by 15.2% in the 4th quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock worth $243,000 after acquiring an additional 222 shares during the last quarter. Eagle Capital Management LLC lifted its holdings in shares of Chevron by 0.7% in the 4th quarter. Eagle Capital Management LLC now owns 34,600 shares of the oil and gas company's stock worth $5,011,000 after acquiring an additional 242 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in shares of Chevron by 10.0% in the 4th quarter. D.B. Root & Company LLC now owns 6,400 shares of the oil and gas company's stock worth $927,000 after acquiring an additional 583 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Chevron by 43.2% in the 4th quarter. Raleigh Capital Management Inc. now owns 14,177 shares of the oil and gas company's stock worth $2,053,000 after acquiring an additional 4,277 shares during the last quarter. Finally, Bill Few Associates Inc. lifted its holdings in shares of Chevron by 0.4% in the 4th quarter. Bill Few Associates Inc. now owns 27,670 shares of the oil and gas company's stock worth $4,008,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Stock Up 0.9%

Shares of NYSE:CVX traded up $1.24 during trading hours on Tuesday, hitting $137.78. The company's stock had a trading volume of 8,339,036 shares, compared to its average volume of 8,082,749. 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 current ratio of 1.07 and a quick ratio of 0.80. The company has a market capitalization of $240.62 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 1.46 and a beta of 0.83. The firm's fifty day moving average price is $144.12 and its 200 day moving average price is $151.03.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter in the previous year, the firm earned $2.93 EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, research analysts expect that Chevron Co. will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is currently 78.17%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CVX. Redburn Atlantic restated a "sell" rating and issued a $124.00 target price (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price for the company. in a report on Tuesday, May 6th. Raymond James decreased their price objective 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. BNP Paribas lowered shares of Chevron to a "cautious" rating in a report on Tuesday, April 15th. Finally, Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $160.24.

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.