Aurdan Capital Management LLC Invests $5.16 Million in Chevron Co. (NYSE:CVX)

Aurdan Capital Management LLC bought a new position in shares of Chevron Co. (NYSE:CVX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,650 shares of the oil and gas company's stock, valued at approximately $5,164,000. Chevron comprises 2.0% of Aurdan Capital Management LLC's investment portfolio, making the stock its 17th largest position.

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 during the 4th quarter worth about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Chevron during the 4th quarter worth $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron in the fourth quarter valued at about $29,000. 10Elms LLP acquired a new stake in shares of Chevron during the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC boosted its stake in shares of Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Trading Up 0.8%

CVX stock traded up $1.11 during midday trading on Thursday, hitting $137.13. The stock had a trading volume of 4,077,309 shares, compared to its average volume of 8,067,227. The firm has a market cap of $239.47 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. 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 12-month low of $132.04 and a 12-month high of $168.96. The company's 50-day moving average price is $143.01 and its 200 day moving average price is $150.83.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data 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. 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 firm's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.93 EPS. On average, equities research analysts predict that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is 78.17%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a report on Monday, May 5th. UBS Group reduced their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Mizuho dropped their price objective on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada reissued an "outperform" rating and set a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. Finally, Piper Sandler lowered their price target on Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of "Hold" and a consensus price target 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.