Mufg Securities Americas Inc. purchased a new position in shares of Chevron Co. (NYSE:CVX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,671 shares of the oil and gas company's stock, valued at approximately $3,573,000.
Other large investors also recently bought and sold shares of the company. Life Planning Partners Inc acquired a new position in Chevron during the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Chevron during the 4th quarter worth about $25,000. Mizuho Securities Co. Ltd. purchased a new stake in Chevron during the 4th quarter worth about $29,000. Fairway Wealth LLC increased 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 acquiring an additional 88 shares during the last quarter. Finally, Navigoe LLC acquired a new stake in shares of Chevron during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 72.42% of the company's stock.
Chevron Stock Up 0.5%
Shares of Chevron stock opened at $142.31 on Wednesday. Chevron Co. has a one year low of $132.04 and a one year high of $168.96. The company has a market cap of $250.55 billion, a P/E ratio of 14.64, a PEG ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The firm has a fifty day moving average of $147.51 and a two-hundred day moving average of $151.94.
Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data 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 was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.93 earnings per share. On average, analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.
Chevron Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 yield of 4.81%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's dividend payout ratio (DPR) is currently 78.17%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on CVX. Truist Financial dropped their price target on shares of Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. Scotiabank downgraded Chevron from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $160.00 to $143.00 in a report on Friday, April 11th. HSBC downgraded Chevron from a "buy" rating to a "hold" rating and dropped their price target for the stock from $176.00 to $158.00 in a research note on Tuesday. Finally, Piper Sandler reduced 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. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $160.24.
Check Out Our Latest Analysis on Chevron
Chevron Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Chevron, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chevron wasn't on the list.
While Chevron currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
