Wilkins Miller Wealth Management LLC Makes New Investment in Chevron Co. (NYSE:CVX)

Wilkins Miller Wealth Management LLC acquired a new position in shares of Chevron Co. (NYSE:CVX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,342 shares of the oil and gas company's stock, valued at approximately $1,208,000. Chevron accounts for 1.3% of Wilkins Miller Wealth Management LLC's holdings, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in shares of Chevron in the 4th quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. bought a new position in Chevron in the fourth quarter valued at approximately $29,000. 10Elms LLP bought a new stake in Chevron during the fourth quarter worth $29,000. Fairway Wealth LLC boosted its holdings in shares of Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 88 shares in the last quarter. Finally, Navigoe LLC acquired a new position in shares of Chevron during the 4th quarter worth $33,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Up 1.1%

NYSE CVX traded up $1.47 during mid-day trading on Thursday, reaching $137.49. 4,334,660 shares of the stock were exchanged, compared to its average volume of 8,068,162. The stock has a market cap of $240.12 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a one year low of $132.04 and a one year high of $168.96. The stock has a 50 day simple moving average of $143.01 and a 200-day simple moving average of $150.83.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping 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 return on equity of 11.44% and a net margin of 8.71%. The business's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $2.93 EPS. On average, analysts anticipate that Chevron Co. will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.97%. The ex-dividend date is Monday, May 19th. Chevron's dividend payout ratio (DPR) is currently 78.17%.

Analysts Set New Price Targets

CVX has been the subject of several research analyst reports. Raymond James lowered their target price on Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 price target on the stock. in a research note on Tuesday, May 6th. Piper Sandler lowered their price objective on Chevron from $173.00 to $162.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, Truist Financial dropped 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Chevron currently has an average rating of "Hold" and a consensus target price of $160.24.

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.