Crumly & Associates Inc. increased its holdings in shares of Chevron Co. (NYSE:CVX – Free Report) by 15.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,756 shares of the oil and gas company’s stock after acquiring an additional 505 shares during the quarter. Crumly & Associates Inc.’s holdings in Chevron were worth $613,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of CVX. Rebalance LLC acquired a new position in shares of Chevron in the 4th quarter worth approximately $26,000. Worth Asset Management LLC bought a new stake in shares of Chevron in the 1st quarter worth $36,000. Red Tortoise LLC purchased a new stake in Chevron during the fourth quarter valued at about $37,000. Western Pacific Wealth Management LP purchased a new stake in shares of Chevron in the fourth quarter worth about $37,000. Finally, JDM Financial Group LLC purchased a new stake in shares of Chevron in the fourth quarter worth about $42,000. 69.65% of the stock is currently owned by institutional investors and hedge funds.
Chevron Price Performance
Shares of NYSE:CVX opened at $154.22 on Monday. The company has a market cap of $292.19 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.78 and a beta of 1.16. 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 Co. has a 52 week low of $132.54 and a 52 week high of $189.68. The business has a fifty day simple moving average of $156.16 and a 200-day simple moving average of $164.46.
Chevron Dividend Announcement
The business 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. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 3.92%. Chevron’s dividend payout ratio (DPR) is presently 32.61%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CVX. JPMorgan Chase & Co. raised shares of Chevron from an “underweight” rating to a “neutral” rating and raised their target price for the company from $161.00 to $170.00 in a research note on Wednesday, May 31st. Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $195.00 to $200.00 in a research report on Thursday, April 13th. Raymond James cut their price target on Chevron from $212.00 to $208.00 and set an “outperform” rating for the company in a research note on Friday, April 14th. Truist Financial decreased their price objective on Chevron from $193.00 to $190.00 in a report on Monday, May 1st. Finally, StockNews.com started coverage on Chevron in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.68.
About Chevron
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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