Lakeshore Capital Group Inc. Invests $615,000 in Chevron Co. (NYSE:CVX)

Lakeshore Capital Group Inc. bought 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 SEC. The firm bought 4,249 shares of the oil and gas company's stock, valued at approximately $615,000.

Other institutional investors have also recently bought and sold shares of the company. Life Planning Partners Inc bought a new stake in shares of Chevron in the fourth quarter worth about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Chevron in the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. bought a new position in shares of Chevron during the fourth quarter worth approximately $29,000. 10Elms LLP bought a new position in shares of Chevron during the fourth quarter worth approximately $29,000. Finally, Fairway Wealth LLC increased its stake in Chevron by 75.9% during the 4th 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 period. Institutional investors own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CVX shares. Raymond James reduced their target price on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. 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. Wells Fargo & Company lowered their price objective on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Piper Sandler decreased their target price on Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, HSBC lowered 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $160.24.

Chevron Stock Up 0.9%

Shares of NYSE CVX traded up $1.24 during trading hours on Tuesday, hitting $137.78. 8,339,036 shares of the stock were exchanged, compared to its average volume of 8,082,749. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a market cap of $240.62 billion, a PE ratio of 14.17, a PEG ratio of 1.46 and a beta of 0.83. The firm has a fifty day moving average price of $144.12 and a 200-day moving average price of $151.03.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) 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 net margin of 8.71% and a return on equity of 11.44%. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.93 earnings per share. On average, sell-side analysts expect that Chevron Co. will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.96%. The ex-dividend date is Monday, May 19th. Chevron's payout ratio is currently 78.17%.

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.