2,020 Shares in Chevron Co. (NYSE:CVX) Purchased by Spurstone Advisory Services LLC

Spurstone Advisory Services LLC bought a new position in shares of Chevron Co. (NYSE:CVX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,020 shares of the oil and gas company's stock, valued at approximately $293,000. Chevron comprises about 5.6% of Spurstone Advisory Services LLC's investment portfolio, making the stock its 5th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Chevron by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 36,269,270 shares of the oil and gas company's stock valued at $5,247,142,000 after purchasing an additional 392,916 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Chevron by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,855,566 shares of the oil and gas company's stock worth $4,613,960,000 after acquiring an additional 746,806 shares in the last quarter. Norges Bank acquired a new position in shares of Chevron in the fourth quarter worth $3,017,750,000. Northern Trust Corp grew its stake in shares of Chevron by 7.3% in the fourth quarter. Northern Trust Corp now owns 20,471,800 shares of the oil and gas company's stock worth $2,965,135,000 after acquiring an additional 1,394,091 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Chevron by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,892,848 shares of the oil and gas company's stock worth $2,881,280,000 after acquiring an additional 410,460 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of analyst reports. HSBC downgraded shares of Chevron from a "buy" rating to a "hold" rating and lowered their target price for the stock from $176.00 to $158.00 in a research note on Tuesday, May 13th. Mizuho lowered their target price on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. TD Cowen lowered their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Piper Sandler lowered their target price on shares of Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, UBS Group dropped their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Chevron currently has an average rating of "Hold" and a consensus price target of $160.24.

Chevron Stock Performance

Shares of CVX traded down $1.70 during mid-day trading on Wednesday, hitting $135.57. 9,064,660 shares of the company's stock were exchanged, compared to its average volume of 8,055,564. 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 $236.75 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.46 and a beta of 0.83. The business's 50 day moving average is $146.04 and its two-hundred day moving average is $151.61. 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 (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, 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 quarter in the prior year, the firm earned $2.93 earnings per share. The business's quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a dividend of $1.71 per share. The ex-dividend date is Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 5.05%. Chevron's dividend payout ratio is currently 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.