DSG Capital Advisors LLC Invests $2.74 Million in Chevron Co. (NYSE:CVX)

DSG Capital Advisors LLC purchased a new position in Chevron Co. (NYSE:CVX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 18,941 shares of the oil and gas company’s stock, valued at approximately $2,743,000.

A number of other large investors have also recently added to or reduced their stakes in CVX. Life Planning Partners Inc acquired a new stake in Chevron in the fourth quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new stake in Chevron in the fourth quarter worth $25,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Chevron during the 4th quarter worth $29,000. 10Elms LLP acquired a new stake in shares of Chevron in the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC increased its holdings in Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 88 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 0.9%

Shares of CVX opened at $137.78 on Wednesday. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $143.58 and its two-hundred day moving average is $150.94. The firm has a market cap of $240.62 billion, a P/E ratio of 14.17, a PEG ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. The firm had revenue of $47.61 billion for the quarter, compared to analysts’ expectations of $49.05 billion. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS. Analysts predict that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Monday, May 19th. Chevron’s dividend payout ratio is presently 78.17%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CVX. Raymond James cut their target price on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. BNP Paribas downgraded Chevron to a “cautious” rating in a report on Tuesday, April 15th. Truist Financial reduced their target price on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Scotiabank cut shares of Chevron from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $160.00 to $143.00 in a research note on Friday, April 11th. Finally, Mizuho cut their price objective on Chevron from $188.00 to $186.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $160.24.

Chevron Company 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.