Tableaux LLC Makes New $639,000 Investment in Chevron Co. (NYSE:CVX)

Tableaux LLC purchased a new stake in shares of Chevron Co. (NYSE:CVX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,414 shares of the oil and gas company's stock, valued at approximately $639,000.

A number of other large investors have also added to or reduced their stakes in CVX. Life Planning Partners Inc acquired a new stake in Chevron during the 4th quarter valued at $25,000. IMG Wealth Management Inc. acquired a new stake in Chevron during the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron during the 4th quarter valued at $29,000. 10Elms LLP acquired a new position in Chevron during the 4th quarter worth $29,000. Finally, Fairway Wealth LLC grew its holdings 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 in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVX has been the subject of several recent analyst reports. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $160.00 to $143.00 in a report on Friday, April 11th. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective for the company. in a report on Tuesday, May 6th. Raymond James decreased their price objective on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. UBS Group decreased their price objective 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. Finally, Barclays lowered shares of Chevron from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $160.24.

Chevron Stock Performance

NYSE:CVX traded down $1.48 during mid-day trading on Friday, hitting $136.43. The stock had a trading volume of 12,856,437 shares, compared to its average volume of 8,115,079. The stock has a market capitalization of $238.26 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a 50 day simple moving average of $141.88 and a 200-day simple moving average of $150.57. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. 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 issued its quarterly earnings data 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. 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%. Chevron's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.93 EPS. On average, research analysts expect that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $1.71 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 5.01%. Chevron's dividend payout ratio is presently 78.17%.

Chevron Company 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.