Breed s Hill Capital LLC Takes Position in Chevron Co. (NYSE:CVX)

Breed s Hill Capital LLC acquired a new stake in Chevron Co. (NYSE:CVX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,877 shares of the oil and gas company's stock, valued at approximately $272,000.

A number of other large investors also recently modified their holdings of CVX. Capital & Planning LLC boosted its position in shares of Chevron by 15.2% in the fourth quarter. Capital & Planning LLC now owns 1,678 shares of the oil and gas company's stock valued at $243,000 after acquiring an additional 222 shares during the period. First United Bank & Trust boosted its position in shares of Chevron by 15.2% in the fourth quarter. First United Bank & Trust now owns 15,735 shares of the oil and gas company's stock valued at $2,279,000 after acquiring an additional 2,075 shares during the period. Segment Wealth Management LLC raised its stake in Chevron by 0.5% in the fourth quarter. Segment Wealth Management LLC now owns 28,611 shares of the oil and gas company's stock valued at $4,144,000 after purchasing an additional 152 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in Chevron by 16.2% in the fourth quarter. Clear Harbor Asset Management LLC now owns 20,600 shares of the oil and gas company's stock valued at $2,984,000 after purchasing an additional 2,870 shares in the last quarter. Finally, Transform Wealth LLC raised its stake in Chevron by 33.0% in the fourth quarter. Transform Wealth LLC now owns 92,437 shares of the oil and gas company's stock valued at $13,389,000 after purchasing an additional 22,948 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Down 0.2%

CVX stock opened at $135.33 on Friday. The company has a market capitalization of $236.34 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. Chevron Co. has a one year low of $132.04 and a one year high of $168.96. The company's 50 day moving average price is $145.15 and its two-hundred day moving average price is $151.37. 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 issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS 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 period in the previous year, the firm earned $2.93 earnings per share. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, analysts predict that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

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

Analyst Upgrades and Downgrades

CVX has been the topic of a number of recent analyst reports. Redburn Atlantic reaffirmed a "sell" rating and issued a $124.00 target price (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. UBS Group lowered their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Barclays downgraded shares of Chevron from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $171.00 to $152.00 in a research note on Wednesday, April 23rd. Raymond James lowered their target price on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. Three equities research 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, Chevron currently has a consensus rating of "Hold" and an average price target of $160.24.

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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