Thurston Springer Miller Herd & Titak Inc. Purchases 4,198 Shares of Chevron Co. (NYSE:CVX)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in Chevron Co. (NYSE:CVX - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,546 shares of the oil and gas company's stock after buying an additional 4,198 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Chevron were worth $3,438,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Eclectic Associates Inc. ADV lifted its holdings in Chevron by 11.8% during the 1st quarter. Eclectic Associates Inc. ADV now owns 3,741 shares of the oil and gas company's stock valued at $626,000 after purchasing an additional 396 shares during the last quarter. Wealth Management Partners LLC increased its holdings in shares of Chevron by 7.9% during the first quarter. Wealth Management Partners LLC now owns 14,463 shares of the oil and gas company's stock worth $2,420,000 after buying an additional 1,061 shares in the last quarter. Fermata Advisors LLC raised its stake in shares of Chevron by 23.0% in the first quarter. Fermata Advisors LLC now owns 9,773 shares of the oil and gas company's stock valued at $1,635,000 after acquiring an additional 1,828 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Chevron by 2.1% in the 1st quarter. Naples Global Advisors LLC now owns 28,781 shares of the oil and gas company's stock worth $4,815,000 after acquiring an additional 586 shares in the last quarter. Finally, HF Advisory Group LLC bought a new stake in Chevron during the 1st quarter worth approximately $204,000. 72.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on CVX shares. Mizuho cut their price objective on Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. TD Cowen lowered their target price on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Piper Sandler cut their price target on Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Redburn Atlantic reiterated a "sell" rating and set a $124.00 price target (down previously from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Finally, HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and lowered their price objective for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Chevron presently has an average rating of "Hold" and a consensus price target of $160.24.

Chevron Trading Up 2.4%

Shares of CVX traded up $3.31 on Friday, reaching $140.21. 6,555,988 shares of the company's stock were exchanged, compared to its average volume of 8,110,483. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96. The stock has a market capitalization of $244.86 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. 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 price of $139.54 and a two-hundred day moving average price of $149.95.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. 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 business posted $2.93 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. Research analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.88%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is 78.17%.

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.