Kaizen Financial Strategies Cuts Holdings in Chevron Co. (NYSE:CVX)

Kaizen Financial Strategies lowered its stake in shares of Chevron Co. (NYSE:CVX) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,286 shares of the oil and gas company’s stock after selling 177 shares during the period. Kaizen Financial Strategies’ holdings in Chevron were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CVX. Guardian Wealth Advisors LLC NC boosted its position in Chevron by 16.9% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 7,460 shares of the oil and gas company’s stock valued at $1,080,000 after purchasing an additional 1,081 shares in the last quarter. Gen Wealth Partners Inc lifted its position in shares of Chevron by 5.1% during the fourth quarter. Gen Wealth Partners Inc now owns 11,064 shares of the oil and gas company’s stock valued at $1,602,000 after buying an additional 541 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Chevron by 89.8% in the 4th quarter. Gotham Asset Management LLC now owns 195,934 shares of the oil and gas company’s stock valued at $28,379,000 after buying an additional 92,679 shares in the last quarter. Greenline Partners LLC grew its position in shares of Chevron by 0.3% in the 4th quarter. Greenline Partners LLC now owns 26,655 shares of the oil and gas company’s stock worth $3,861,000 after buying an additional 89 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Chevron by 6.8% during the 4th quarter. Focus Partners Wealth now owns 1,214,616 shares of the oil and gas company’s stock worth $193,277,000 after acquiring an additional 77,782 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 1.1 %

CVX opened at $138.52 on Friday. The company has a fifty day moving average of $147.91 and a two-hundred day moving average of $152.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The stock has a market capitalization of $243.88 billion, a price-to-earnings ratio of 14.25, a PEG 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. The company had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. Chevron’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 earnings per share. On average, research analysts expect 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 will be paid on Tuesday, June 10th. Shareholders 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 yield of 4.94%. The ex-dividend date is Monday, May 19th. Chevron’s dividend payout ratio is presently 78.17%.

Analysts Set New Price Targets

CVX has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Chevron in a report on Monday, February 3rd. TD Cowen decreased their price target on Chevron from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, May 5th. UBS Group dropped their price target on Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. DZ Bank lowered shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their target price on shares of Chevron from $173.00 to $164.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $161.25.

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.