15,639 Shares in Chevron Co. (NYSE:CVX) Bought by Griffith & Werner Inc.

Griffith & Werner Inc. purchased a new position in shares of Chevron Co. (NYSE:CVX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,639 shares of the oil and gas company's stock, valued at approximately $2,265,000. Chevron comprises about 1.5% of Griffith & Werner Inc.'s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVX. IMG Wealth Management Inc. acquired a new position in Chevron in the 4th quarter valued at about $25,000. Mizuho Securities Co. Ltd. acquired a new position in Chevron in the fourth quarter valued at approximately $29,000. 10Elms LLP purchased a new position in Chevron in the fourth quarter worth approximately $29,000. Fairway Wealth LLC increased its stake in 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 acquiring an additional 88 shares during the last quarter. Finally, Navigoe LLC purchased a new stake in Chevron in the fourth quarter valued at $33,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Down 0.4%

CVX traded down $0.59 during trading on Wednesday, reaching $137.24. 3,244,601 shares of the company's stock were exchanged, compared to its average volume of 8,064,043. 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 Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The firm has a market capitalization of $239.68 billion, a PE ratio of 14.12, a P/E/G ratio of 1.46 and a beta of 0.83. The company's fifty day moving average price is $143.58 and its 200-day moving average price is $150.94.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) 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 business had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter in the previous year, the business earned $2.93 earnings per share. Chevron's quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that Chevron Co. will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.98%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is 78.17%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BNP Paribas lowered shares of Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Truist Financial cut their target price on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Piper Sandler lowered their price target on Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Redburn Atlantic reiterated a "sell" rating and set a $124.00 price target (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Finally, Raymond James decreased their price target 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. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $160.24.

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.