LaFleur & Godfrey LLC Purchases 8,127 Shares of Chevron Corporation (NYSE:CVX)

LaFleur & Godfrey LLC lifted its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,027 shares of the oil and gas company's stock after acquiring an additional 8,127 shares during the period. Chevron makes up approximately 1.7% of LaFleur & Godfrey LLC's portfolio, making the stock its 20th largest position. LaFleur & Godfrey LLC's holdings in Chevron were worth $12,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in shares of Chevron during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc bought a new stake in shares of Chevron during the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Chevron during the fourth quarter valued at approximately $29,000. 10Elms LLP bought a new stake in shares of Chevron during the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC increased 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 valued at $30,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Trading Down 1.8%

Shares of Chevron stock opened at $146.92 on Tuesday. The company's fifty day simple moving average is $139.60 and its 200-day simple moving average is $148.52. The stock has a market capitalization of $256.58 billion, a PE ratio of 16.79, a P/E/G ratio of 2.63 and a beta of 0.83. 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.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.03. The business had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The company's revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.93 EPS. As a group, equities analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Monday, May 19th. Chevron's dividend payout ratio (DPR) is 78.17%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler reduced their price target on shares of 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 reaffirmed a "sell" rating and issued a $124.00 target price (down previously from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. DZ Bank downgraded shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price for the company. in a research report on Tuesday, May 6th. Barclays downgraded shares of Chevron from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $171.00 to $152.00 in a research report on Wednesday, April 23rd. Finally, BNP Paribas downgraded shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Three 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. According to data from MarketBeat, Chevron has a consensus rating of "Hold" and an average 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.

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