TFR Capital LLC. Invests $303,000 in Chevron Co. (NYSE:CVX)

TFR Capital LLC. bought a new stake in shares of Chevron Co. (NYSE:CVX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,094 shares of the oil and gas company's stock, valued at approximately $303,000.

Several other institutional investors have also added to or reduced their stakes in CVX. Probity Advisors Inc. increased its stake in shares of Chevron by 3.4% in the 4th quarter. Probity Advisors Inc. now owns 3,260 shares of the oil and gas company's stock worth $472,000 after purchasing an additional 106 shares in the last quarter. Copley Financial Group Inc. increased its position in Chevron by 8.5% in the fourth quarter. Copley Financial Group Inc. now owns 5,998 shares of the oil and gas company's stock worth $869,000 after buying an additional 471 shares in the last quarter. Smith Shellnut Wilson LLC ADV raised its stake in shares of Chevron by 7.3% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 3,353 shares of the oil and gas company's stock worth $486,000 after buying an additional 227 shares during the period. American Investment Services Inc. lifted its position in shares of Chevron by 46.0% during the 4th quarter. American Investment Services Inc. now owns 35,632 shares of the oil and gas company's stock valued at $5,161,000 after buying an additional 11,222 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new position in shares of Chevron during the 4th quarter valued at about $103,000. 72.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CVX. TD Cowen decreased their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Redburn Atlantic restated a "sell" rating and set a $124.00 target price (down previously from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Raymond James dropped their target price 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 lowered their price objective 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, Truist Financial cut their price objective on shares of Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Chevron has a consensus rating of "Hold" and an average target price of $160.24.

Chevron Price Performance

CVX stock traded down $1.78 during trading on Wednesday, hitting $136.05. 6,859,635 shares of the company's stock traded hands, compared to its average volume of 8,082,541. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The stock has a market capitalization of $237.60 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.46 and a beta of 0.83. The business has a fifty day simple moving average of $143.58 and a 200 day simple moving average of $150.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion during 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 revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.93 EPS. As a group, research analysts expect that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Monday, May 19th. Chevron's dividend payout ratio (DPR) is 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.