Baker Ellis Asset Management LLC acquired a new stake in Chevron Co. (NYSE:CVX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,440 shares of the oil and gas company’s stock, valued at approximately $256,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Johnson Midwest Financial LLC acquired a new position in Chevron in the 4th quarter valued at $27,000. Joseph P. Lucia & Associates LLC acquired a new position in Chevron in the 4th quarter valued at $28,000. Alpha DNA Investment Management LLC acquired a new position in Chevron in the 4th quarter valued at $31,000. PARK CIRCLE Co raised its stake in Chevron by 300.0% in the 4th quarter. PARK CIRCLE Co now owns 400 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Finally, Kathmere Capital Management LLC acquired a new position in Chevron in the 3rd quarter valued at $33,000. 62.27% of the stock is owned by hedge funds and other institutional investors.
Shares of CVX opened at $105.53 on Tuesday. The stock has a 50-day simple moving average of $104.24 and a 200-day simple moving average of $92.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.26. The stock has a market capitalization of $203.47 billion, a PE ratio of -17.19, a PEG ratio of 5.74 and a beta of 1.33. Chevron Co. has a 1 year low of $65.16 and a 1 year high of $112.70.
Chevron (NYSE:CVX) last announced its quarterly earnings data on Thursday, April 29th. The oil and gas company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $32.03 billion during the quarter, compared to analysts’ expectations of $31.82 billion. Chevron had a negative net margin of 10.86% and a positive return on equity of 1.75%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. Analysts predict that Chevron Co. will post 0.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Wednesday, May 19th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Tuesday, May 18th. This is a positive change from Chevron’s previous quarterly dividend of $1.29. Chevron’s dividend payout ratio (DPR) is 82.30%.
CVX has been the subject of a number of recent research reports. Credit Suisse Group raised their target price on Chevron from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, March 15th. Citigroup initiated coverage on Chevron in a research note on Wednesday, March 10th. They issued a “neutral” rating and a $105.00 target price for the company. Scotiabank reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Chevron in a research note on Tuesday, March 16th. HSBC raised Chevron from a “hold” rating to a “buy” rating and raised their target price for the stock from $103.00 to $105.00 in a research note on Thursday, January 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $113.00 target price (down from $117.00) on shares of Chevron in a research note on Tuesday, April 13th. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.68.
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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