Measured Risk Portfolios Inc. Buys New Stake in Chevron Co. (NYSE:CVX)

Measured Risk Portfolios Inc. purchased a new stake in Chevron Co. (NYSE:CVX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,226 shares of the oil and gas company's stock, valued at approximately $1,771,000. Chevron accounts for about 1.8% of Measured Risk Portfolios Inc.'s holdings, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. IMG Wealth Management Inc. purchased a new stake in shares of Chevron during the 4th quarter valued at $25,000. Mizuho Securities Co. Ltd. bought a new stake in Chevron during the 4th quarter worth approximately $29,000. Fairway Wealth LLC grew its position in Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after buying an additional 88 shares in the last quarter. Navigoe LLC bought a new stake in Chevron during the fourth quarter valued at approximately $33,000. Finally, New Wave Wealth Advisors LLC purchased a new position in Chevron in the fourth quarter worth $39,000. Institutional investors own 72.42% of the company's stock.

Analysts Set New Price Targets

CVX has been the topic of several research reports. Royal Bank of Canada restated an "outperform" rating and issued a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. TD Cowen decreased their price objective on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a report on Monday, May 5th. Truist Financial dropped their price target on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, UBS Group dropped their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Three research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.24.

Chevron Price Performance

NYSE:CVX traded up $0.47 during trading hours on Thursday, reaching $142.14. 7,537,625 shares of the company were exchanged, compared to its average volume of 8,016,020. Chevron Co. has a twelve month low of $132.04 and a twelve month 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. The stock's 50-day moving average is $147.20 and its 200-day moving average is $151.87. The firm has a market cap of $248.23 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

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

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.81%. Chevron's dividend payout ratio (DPR) 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.