2,687 Shares in Chevron Co. (NYSE:CVX) Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new stake in Chevron Co. (NYSE:CVX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,687 shares of the oil and gas company's stock, valued at approximately $389,000.

A number of other hedge funds have also made changes to their positions in the stock. IMG Wealth Management Inc. bought a new stake in Chevron during the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. bought a new position in shares of Chevron during the fourth quarter valued at $29,000. Fairway Wealth LLC grew its holdings 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 purchasing an additional 88 shares during the last quarter. Navigoe LLC bought a new stake in shares of Chevron during the fourth quarter worth $33,000. Finally, New Wave Wealth Advisors LLC acquired a new stake in Chevron in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Wall Street Analyst Weigh In

CVX has been the subject of a number of research analyst reports. Truist Financial reduced their target price on shares of Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and cut their target price for the company from $176.00 to $158.00 in a research report on Tuesday, May 13th. Raymond James cut their price target on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. UBS Group cut their target price on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Scotiabank lowered Chevron from a "sector outperform" rating to a "sector perform" rating and cut their price target for the stock from $160.00 to $143.00 in a report on Friday, April 11th. Three equities 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.com, the company has an average rating of "Hold" and a consensus price target of $160.24.

Chevron Trading Down 0.9%

Shares of NYSE:CVX traded down $1.28 during trading on Tuesday, reaching $137.21. The company's stock had a trading volume of 6,470,687 shares, compared to its average volume of 8,038,407. The firm's 50 day simple moving average is $146.37 and its two-hundred day simple moving average is $151.71. 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 12 month low of $132.04 and a 12 month high of $168.96. The stock has a market capitalization of $239.62 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The business had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same period in the previous year, the firm posted $2.93 earnings per share. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts predict that Chevron Co. will post 10.79 EPS for the current fiscal 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 given a dividend of $1.71 per share. The ex-dividend date is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.99%. Chevron's dividend 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.