Campbell Deegan Wealth Management LLC Buys New Holdings in Chevron Co. (NYSE:CVX)

Campbell Deegan Wealth Management LLC bought a new position in shares of Chevron Co. (NYSE:CVX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,220 shares of the oil and gas company's stock, valued at approximately $466,000. Chevron accounts for 0.6% of Campbell Deegan Wealth Management LLC's investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVX. Allianz SE bought a new stake in Chevron in the fourth quarter valued at $9,369,000. Nicholas Company Inc. boosted its stake in Chevron by 4.3% in the 4th quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock worth $11,591,000 after purchasing an additional 3,280 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in Chevron by 1.6% in the 4th quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company's stock worth $26,044,000 after purchasing an additional 2,755 shares in the last quarter. Cerity Partners LLC boosted its stake in Chevron by 4.5% in the 4th quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company's stock worth $174,817,000 after purchasing an additional 52,307 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in Chevron by 6.8% during the 4th quarter. Wedbush Securities Inc. now owns 118,066 shares of the oil and gas company's stock valued at $17,101,000 after acquiring an additional 7,557 shares during the period. Institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

Shares of Chevron stock traded down $1.48 during trading hours on Friday, hitting $136.43. 12,856,437 shares of the company were exchanged, compared to its average volume of 8,115,079. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $141.88 and a 200-day moving average of $150.57. The stock has a market capitalization of $238.26 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last issued its 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. The company 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 for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. As a group, analysts expect that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared 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 of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 5.01%. Chevron's dividend payout ratio (DPR) is presently 78.17%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays cut 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. Piper Sandler lowered their target price on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. 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. Hsbc Global Res cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, 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. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $160.24.

Chevron Company 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.