TFR Capital LLC. Has $775,000 Stake in Chevron Corporation (NYSE:CVX)

TFR Capital LLC. grew its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 121.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,633 shares of the oil and gas company's stock after buying an additional 2,539 shares during the quarter. TFR Capital LLC.'s holdings in Chevron were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CVX. IMG Wealth Management Inc. bought a new position in shares of Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. acquired a new stake in Chevron in the 4th quarter valued at about $29,000. 10Elms LLP acquired a new stake in Chevron in the 4th quarter valued at about $29,000. IFS Advisors LLC raised its stake in shares of Chevron by 119.6% in the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company's stock worth $36,000 after acquiring an additional 116 shares during the last quarter. Finally, Navigoe LLC acquired a new position in shares of Chevron during the fourth quarter worth approximately $33,000. 72.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CVX has been the subject of a number of research reports. Barclays raised their price target on shares of Chevron from $152.00 to $156.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. BNP Paribas lowered Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Redburn Atlantic reissued a "sell" rating and issued a $124.00 target price (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. DZ Bank downgraded 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. Finally, UBS Group decreased their price target on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three investment 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $161.65.

Chevron Trading Up 0.8%

CVX traded up $1.21 during midday trading on Friday, reaching $155.38. 8,332,244 shares of the company were exchanged, compared to its average volume of 8,359,711. The stock has a market capitalization of $271.35 billion, a P/E ratio of 17.76, a PEG ratio of 2.63 and a beta of 0.83. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The stock's 50-day simple moving average is $142.62 and its 200 day simple moving average is $148.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08.

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 for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The business had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same period last year, the company posted $2.93 EPS. Chevron's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.40%. Chevron's dividend payout ratio (DPR) is presently 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.