Wilkins Miller Wealth Management LLC Invests $1.21 Million in Chevron Co. (NYSE:CVX)

Wilkins Miller Wealth Management LLC acquired a new position in Chevron Co. (NYSE:CVX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,342 shares of the oil and gas company's stock, valued at approximately $1,208,000. Chevron makes up about 1.3% of Wilkins Miller Wealth Management LLC's holdings, making the stock its 20th largest holding.

A number of other hedge funds have also recently made changes to their positions in CVX. Liberty Square Wealth Partners LLC acquired a new position in Chevron during the 4th quarter valued at about $421,000. Great Valley Advisor Group Inc. raised its position in shares of Chevron by 64.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 108,253 shares of the oil and gas company's stock valued at $15,679,000 after purchasing an additional 42,358 shares during the last quarter. Cypress Asset Management Inc. TX acquired a new stake in Chevron in the 4th quarter worth approximately $1,956,000. Ameriflex Group Inc. acquired a new stake in Chevron in the 4th quarter worth approximately $1,632,000. Finally, United Advisor Group LLC grew its holdings in shares of Chevron by 22.3% during the fourth quarter. United Advisor Group LLC now owns 7,494 shares of the oil and gas company's stock valued at $1,085,000 after buying an additional 1,366 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Cowen reduced their price objective on Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday, May 5th. UBS Group reduced their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Hsbc Global Res downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 13th. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. Three equities 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 company's stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of "Hold" and an average price target of $160.24.

Chevron Price Performance

Shares of NYSE:CVX traded up $1.24 during trading on Tuesday, reaching $137.78. The stock had a trading volume of 8,339,036 shares, compared to its average volume of 8,082,749. 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 Co. has a 1-year low of $132.04 and a 1-year high of $168.96. The stock has a market cap of $240.62 billion, a PE ratio of 14.17, a PEG ratio of 1.46 and a beta of 0.83. The business has a fifty day moving average price of $144.12 and a 200-day moving average price of $151.03.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. The business had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 EPS. On average, equities analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Monday, May 19th. 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.