Kiley Juergens Wealth Management LLC Increases Stock Position in Chevron Corporation (NYSE:CVX)

Kiley Juergens Wealth Management LLC raised its holdings in Chevron Corporation (NYSE:CVX) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,124 shares of the oil and gas company’s stock after purchasing an additional 690 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in Chevron were worth $2,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CVX. IMG Wealth Management Inc. acquired a new position in shares of Chevron in the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new position in shares of Chevron in the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Chevron in the fourth quarter valued at approximately $29,000. 10Elms LLP acquired a new position in shares of Chevron in the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC raised its position in shares of Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of CVX stock opened at $148.86 on Wednesday. The company has a market capitalization of $259.97 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 2.56 and a beta of 0.83. The firm has a fifty day simple moving average of $138.78 and a 200-day simple moving average of $148.91. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96.

Chevron (NYSE:CVX) last announced its 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 business had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were paid a $1.71 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.59%. Chevron’s dividend payout ratio (DPR) is presently 78.17%.

Wall Street Analyst Weigh In

CVX has been the subject of a number of analyst reports. Scotiabank lowered shares of Chevron from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $160.00 to $143.00 in a research report on Friday, April 11th. UBS Group cut their price objective on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Mizuho dropped their price target on shares of Chevron from $188.00 to $186.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. DZ Bank lowered shares of Chevron from a “buy” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their price target on shares of Chevron from $173.00 to $164.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Chevron currently has a consensus rating of “Hold” and an average target price of $160.24.

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; 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.