14,637 Shares in Chevron Co. (NYSE:CVX) Purchased by Kingstone Capital Partners Texas LLC

Kingstone Capital Partners Texas LLC acquired a new stake in Chevron Co. (NYSE:CVX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,637 shares of the oil and gas company's stock, valued at approximately $2,120,000. Chevron comprises approximately 1.7% of Kingstone Capital Partners Texas LLC's portfolio, making the stock its 20th largest position.

Several other large investors have also modified their holdings of the business. IMG Wealth Management Inc. acquired a new position in shares of Chevron in the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron during the fourth quarter worth approximately $29,000. 10Elms LLP purchased a new stake in Chevron in the 4th quarter worth approximately $29,000. Fairway Wealth LLC raised its holdings in Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after acquiring an additional 88 shares during the last quarter. Finally, Navigoe LLC acquired a new position in Chevron in the 4th quarter valued at $33,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVX has been the subject of a number of recent analyst reports. TD Cowen lowered their price objective on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Mizuho decreased their price target on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Raymond James dropped their price objective on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Barclays cut 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. Finally, UBS Group lowered their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Chevron currently has a consensus rating of "Hold" and an average target price of $160.24.

Chevron Stock Down 0.3%

NYSE:CVX traded down $0.48 during mid-day trading on Wednesday, hitting $137.36. The company had a trading volume of 3,097,496 shares, compared to its average volume of 8,063,183. The business has a fifty day simple moving average of $143.58 and a 200-day simple moving average of $150.94. The firm has a market capitalization of $239.88 billion, a price-to-earnings ratio of 14.13, a PEG 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. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96.

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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $49.05 billion. During the same period last year, the firm earned $2.93 earnings per share. The company's revenue was down 2.3% on a year-over-year basis. Equities analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a $1.71 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.98%. Chevron's dividend payout ratio (DPR) is 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.