Highline Wealth Partners LLC Purchases 100 Shares of Chevron Co. (NYSE:CVX)

Highline Wealth Partners LLC raised its position in Chevron Co. (NYSE:CVX) by 15.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 743 shares of the oil and gas company’s stock after purchasing an additional 100 shares during the quarter. Highline Wealth Partners LLC’s holdings in Chevron were worth $124,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of Chevron during the fourth quarter worth about $25,000. Life Planning Partners Inc bought a new stake in Chevron in the fourth quarter worth approximately $25,000. Mizuho Securities Co. Ltd. bought a new stake in Chevron in the fourth quarter worth approximately $29,000. 10Elms LLP bought a new stake in Chevron in the fourth quarter worth approximately $29,000. Finally, Fairway Wealth LLC increased its holdings in Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 88 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CVX. UBS Group lowered their target price on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a report on Monday, April 7th. Redburn Atlantic reiterated a “sell” rating and issued a $124.00 target price (down from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. HSBC downgraded Chevron from a “buy” rating to a “hold” rating and lowered their target price for the stock from $176.00 to $158.00 in a report on Tuesday, May 13th. TD Cowen reduced their price objective on Chevron from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, May 5th. Finally, Piper Sandler reduced their price objective on Chevron from $173.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $160.24.

Chevron Stock Up 0.5%

Shares of NYSE:CVX opened at $145.74 on Monday. Chevron Co. has a 1 year low of $132.04 and a 1 year 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 business has a fifty day moving average price of $138.53 and a two-hundred day moving average price of $149.02. The company has a market capitalization of $254.52 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX) last issued its quarterly earnings results 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 return on equity of 11.44% and a net margin of 8.71%. The firm had revenue of $47.61 billion for the quarter, compared to analysts’ expectations of $49.05 billion. During the same quarter in the prior year, the firm earned $2.93 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.69%. Chevron’s dividend payout ratio (DPR) is 78.17%.

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.