Curated Wealth Partners LLC Invests $338,000 in Chevron Co. (NYSE:CVX)

Curated Wealth Partners LLC acquired a new stake in Chevron Co. (NYSE:CVX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,020 shares of the oil and gas company's stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Life Planning Partners Inc purchased a new position in Chevron in the fourth quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new position in Chevron during the 4th quarter worth $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron in the 4th quarter valued at about $29,000. 10Elms LLP purchased a new position in shares of Chevron in the 4th quarter valued at about $29,000. Finally, Fairway Wealth LLC grew its position in shares of Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after buying an additional 88 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Redburn Atlantic reissued a "sell" rating and issued a $124.00 target price (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. TD Cowen cut their price target on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Barclays lowered shares of Chevron from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. Finally, Piper Sandler lowered their target price on Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Three research 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 data from MarketBeat, the company has an average rating of "Hold" and an average target price of $160.24.

Chevron Stock Performance

NYSE:CVX traded down $0.18 during mid-day trading on Wednesday, hitting $143.17. 2,738,686 shares of the stock were exchanged, compared to its average volume of 8,764,199. The firm's 50-day simple moving average is $138.21 and its 200 day simple moving average is $149.46. The stock has a market capitalization of $250.03 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. Chevron Co. 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 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX - Get Free Report) last announced its 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 firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The company's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.93 EPS. As a group, equities analysts anticipate that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.78%. Chevron's payout ratio is presently 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.