LaFleur & Godfrey LLC grew its holdings in shares of Chevron Co. (NYSE:CVX – Free Report) by 17.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,899 shares of the oil and gas company’s stock after purchasing an additional 7,812 shares during the period. Chevron comprises 1.4% of LaFleur & Godfrey LLC’s holdings, making the stock its 22nd largest holding. LaFleur & Godfrey LLC’s holdings in Chevron were worth $8,794,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Rebalance LLC bought a new position in Chevron during the 4th quarter worth $26,000. Western Pacific Wealth Management LP acquired a new stake in shares of Chevron during the 4th quarter worth $37,000. Red Tortoise LLC bought a new position in shares of Chevron in the fourth quarter worth $37,000. Worth Asset Management LLC bought a new stake in Chevron during the first quarter worth about $36,000. Finally, JDM Financial Group LLC acquired a new stake in Chevron during the fourth quarter worth about $42,000. 69.65% of the stock is owned by institutional investors.
Chevron Stock Up 0.7 %
Shares of NYSE:CVX opened at $157.35 on Friday. The firm has a market cap of $298.12 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.79 and a beta of 1.17. Chevron Co. has a 12-month low of $132.54 and a 12-month high of $189.68. The business has a fifty day simple moving average of $157.44 and a 200 day simple moving average of $165.06. The company has a quick ratio of 1.16, a current ratio of 1.43 and a debt-to-equity ratio of 0.13.
Chevron Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, May 19th were given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, May 18th. Chevron’s dividend payout ratio (DPR) is presently 32.61%.
Wall Street Analysts Forecast Growth
CVX has been the subject of several analyst reports. StockNews.com began coverage on shares of Chevron in a research report on Thursday, May 18th. They issued a “hold” rating for the company. BNP Paribas raised Chevron from an “underperform” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Tuesday, April 4th. Raymond James lowered their price target on Chevron from $212.00 to $208.00 and set an “outperform” rating for the company in a report on Friday, April 14th. Truist Financial dropped their price objective on Chevron from $193.00 to $190.00 in a research report on Monday, May 1st. Finally, Royal Bank of Canada upgraded Chevron from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $180.00 in a research report on Thursday, June 1st. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $191.68.
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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.
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