Blue Fin Capital Inc. Sells 2,930 Shares of Chevron Co. (NYSE:CVX)

Blue Fin Capital Inc. reduced its stake in shares of Chevron Co. (NYSE:CVX - Free Report) by 37.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,828 shares of the oil and gas company's stock after selling 2,930 shares during the quarter. Blue Fin Capital Inc.'s holdings in Chevron were worth $699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC grew its holdings in Chevron by 4.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,117 shares of the oil and gas company's stock valued at $596,000 after buying an additional 168 shares in the last quarter. Capital & Planning LLC raised its stake in Chevron by 15.2% during the fourth quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock valued at $243,000 after purchasing an additional 222 shares in the last quarter. Zhang Financial LLC grew its stake in shares of Chevron by 9.2% in the 4th quarter. Zhang Financial LLC now owns 3,477 shares of the oil and gas company's stock worth $504,000 after buying an additional 293 shares in the last quarter. Harbor Investment Advisory LLC raised its position in shares of Chevron by 0.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 18,167 shares of the oil and gas company's stock valued at $2,631,000 after buying an additional 144 shares in the last quarter. Finally, Wealthquest Corp lifted its holdings in shares of Chevron by 1.8% in the 4th quarter. Wealthquest Corp now owns 5,317 shares of the oil and gas company's stock valued at $770,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CVX. Piper Sandler lowered their price objective on Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. TD Cowen lowered their price target on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research report on Monday, May 5th. 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. Hsbc Global Res cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, Raymond James lowered their target price 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. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $160.24.

Chevron Stock Down 1.2%

Shares of CVX stock opened at $135.57 on Thursday. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The firm has a market capitalization of $236.75 billion, a PE ratio of 13.95, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock's 50-day simple moving average is $145.61 and its 200-day simple moving average is $151.50.

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

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $1.71 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 5.05%. Chevron's payout ratio is 78.17%.

Chevron 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.

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