Sherbrooke Park Advisers LLC Invests $389,000 in Chevron Co. (NYSE:CVX)

Sherbrooke Park Advisers LLC purchased a new position in shares of Chevron Co. (NYSE:CVX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,687 shares of the oil and gas company’s stock, valued at approximately $389,000.

Other large investors have also modified their holdings of the company. Regent Peak Wealth Advisors LLC lifted its holdings in Chevron by 4.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,117 shares of the oil and gas company’s stock worth $596,000 after acquiring an additional 168 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in Chevron by 9.3% in the fourth quarter. Ritholtz Wealth Management now owns 21,410 shares of the oil and gas company’s stock worth $3,101,000 after acquiring an additional 1,816 shares during the last quarter. Fermata Advisors LLC lifted its holdings in Chevron by 1.0% in the fourth quarter. Fermata Advisors LLC now owns 7,945 shares of the oil and gas company’s stock worth $1,151,000 after acquiring an additional 77 shares during the last quarter. Ullmann Wealth Partners Group LLC lifted its holdings in Chevron by 2.3% in the fourth quarter. Ullmann Wealth Partners Group LLC now owns 3,924 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 90 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its holdings in Chevron by 2.5% in the fourth quarter. Cohen Investment Advisors LLC now owns 19,550 shares of the oil and gas company’s stock worth $2,832,000 after acquiring an additional 474 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

CVX has been the topic of a number of recent research reports. Hsbc Global Res cut shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 13th. Piper Sandler dropped their price target on shares of Chevron from $173.00 to $162.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating and dropped their price target for the company from $176.00 to $158.00 in a research note on Tuesday, May 13th. Mizuho dropped their price target on shares of Chevron from $188.00 to $186.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Chevron has an average rating of “Hold” and an average price target of $160.24.

Chevron Price Performance

NYSE CVX opened at $142.04 on Friday. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The firm has a market capitalization of $248.06 billion, a PE ratio of 14.61, a P/E/G ratio of 1.46 and a beta of 0.83. The company’s 50 day simple moving average is $146.65 and its 200 day simple moving average is $151.79.

Chevron (NYSE:CVX) last posted 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. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The business had revenue of $47.61 billion for the quarter, compared to analyst estimates of $49.05 billion. During the same quarter last year, the business earned $2.93 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm 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 dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Monday, May 19th. Chevron’s payout ratio is 78.17%.

Chevron 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.