Chevron Co. (NYSE:CVX) Shares Bought by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC increased its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,390 shares of the oil and gas company's stock after purchasing an additional 6,198 shares during the period. Chevron accounts for about 2.3% of Waters Parkerson & CO. LLC's holdings, making the stock its 12th biggest holding. Waters Parkerson & CO. LLC's holdings in Chevron were worth $43,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. WBI Investments LLC purchased a new position in shares of Chevron in the 4th quarter valued at about $1,422,000. Westwood Holdings Group Inc. increased its position in Chevron by 1.8% in the 4th quarter. Westwood Holdings Group Inc. now owns 649,219 shares of the oil and gas company's stock valued at $94,033,000 after acquiring an additional 11,597 shares during the period. Two Sigma Investments LP lifted its stake in shares of Chevron by 84.5% in the 4th quarter. Two Sigma Investments LP now owns 35,171 shares of the oil and gas company's stock worth $5,094,000 after acquiring an additional 16,104 shares during the period. Texas Bank & Trust Co purchased a new position in shares of Chevron during the 4th quarter worth approximately $3,400,000. Finally, Tidal Investments LLC boosted its holdings in Chevron by 12.1% during the fourth quarter. Tidal Investments LLC now owns 106,394 shares of the oil and gas company's stock worth $15,410,000 after buying an additional 11,514 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Down 0.2%

CVX stock opened at $142.04 on Monday. The stock has a market cap of $248.06 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a one year low of $132.04 and a one year high of $168.96. The company has a fifty day moving average price of $146.65 and a two-hundred day moving average price of $151.81.

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, beating analysts' consensus estimates of $2.15 by $0.03. The firm 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 company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.93 earnings per share. Equities analysts anticipate that Chevron Co. will post 10.79 EPS for the current 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 given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is 78.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CVX shares. Redburn Atlantic reissued 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. Raymond James lowered their price objective on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. BNP Paribas lowered shares of Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Mizuho dropped their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Finally, TD Cowen cut their price target on Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Three investment 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's stock. According to MarketBeat.com, Chevron has an average rating of "Hold" and a consensus price target of $160.24.

About Chevron

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.

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.