CFC Planning Co LLC Buys 1,686 Shares of Chevron Corporation (NYSE:CVX)

CFC Planning Co LLC increased its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 16.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,728 shares of the oil and gas company's stock after buying an additional 1,686 shares during the period. Chevron comprises approximately 2.1% of CFC Planning Co LLC's investment portfolio, making the stock its 16th biggest holding. CFC Planning Co LLC's holdings in Chevron were worth $1,962,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in shares of Chevron during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in shares of Chevron in the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron during the 4th quarter valued at $29,000. 10Elms LLP acquired a new stake in Chevron during the 4th quarter valued at $29,000. Finally, Navigoe LLC acquired a new position in Chevron during the 4th quarter worth $33,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CVX shares. Wells Fargo & Company restated an "overweight" rating and issued a $165.00 price target (up from $164.00) on shares of Chevron in a research report on Thursday, June 26th. DZ Bank downgraded shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research report on Tuesday, May 6th. Mizuho cut their price objective on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. TD Cowen cut their price objective on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and dropped their price target for the stock from $176.00 to $158.00 in a research report on Tuesday, May 13th. Three 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $160.65.

Chevron Stock Up 0.8%

CVX opened at $154.20 on Friday. The company has a market capitalization of $269.29 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.59 and a beta of 0.83. The stock has a fifty day moving average of $142.28 and a 200-day moving average of $148.33. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08.

Chevron (NYSE:CVX - Get Free Report) last released 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 return on equity of 10.73% and a net margin of 7.76%. The company had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. During the same period in the previous year, the business posted $2.93 earnings per share. The business's quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Monday, May 19th. 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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