Chevron Corporation (NYSE:CVX) Shares Acquired by Little House Capital LLC

Little House Capital LLC boosted its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 62.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,279 shares of the oil and gas company's stock after purchasing an additional 12,368 shares during the quarter. Chevron comprises 1.5% of Little House Capital LLC's investment portfolio, making the stock its 21st largest holding. Little House Capital LLC's holdings in Chevron were worth $5,400,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. IMG Wealth Management Inc. acquired a new position in Chevron in the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Chevron during the fourth quarter worth about $29,000. 10Elms LLP purchased a new position in Chevron during the fourth quarter worth about $29,000. Fairway Wealth LLC lifted its position in Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 88 shares during the period. Finally, IFS Advisors LLC boosted its holdings in Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock valued at $36,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Down 0.4%

Shares of Chevron stock opened at $143.87 on Friday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The business has a 50 day moving average price of $140.20 and a 200 day moving average price of $148.22. The company has a market capitalization of $251.26 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.52 and a beta of 0.83.

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 analysts' consensus estimates of $2.15 by $0.03. The company had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 earnings per share. Sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio is presently 78.17%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CVX shares. DZ Bank downgraded Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price for the company. in a research note on Tuesday, May 6th. Wells Fargo & Company reiterated an "overweight" rating and issued a $165.00 price objective (up previously from $164.00) on shares of Chevron in a research report on Thursday. Barclays lowered shares of Chevron from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $171.00 to $152.00 in a research report on Wednesday, April 23rd. Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $176.00 to $158.00 in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $160.29.

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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