Fusion Capital LLC Has $791,000 Position in Chevron Co. (NYSE:CVX)

Fusion Capital LLC boosted its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 90.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,306 shares of the oil and gas company’s stock after buying an additional 2,518 shares during the period. Fusion Capital LLC’s holdings in Chevron were worth $791,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CVX. Picton Mahoney Asset Management acquired a new stake in shares of Chevron in the 3rd quarter valued at $26,000. Valley Forge Investment Consultants Inc. ADV boosted its stake in shares of Chevron by 80.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Chevron in the 4th quarter valued at $33,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Chevron in the 3rd quarter valued at $35,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Chevron in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of NYSE:CVX opened at $159.82 on Wednesday. The stock has a market capitalization of $296.83 billion, a P/E ratio of 14.07, a P/E/G ratio of 2.42 and a beta of 1.12. Chevron Co. has a 1-year low of $139.62 and a 1-year high of $172.88. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $152.56 and a two-hundred day moving average price of $152.41.

Chevron (NYSE:CVXGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. The company had revenue of $47.18 billion during the quarter, compared to analysts’ expectations of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. Chevron’s revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.09 EPS. Equities analysts predict that Chevron Co. will post 13.13 earnings per share for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $1.63 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.08%. Chevron’s dividend payout ratio is 57.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CVX shares. DZ Bank downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a research note on Tuesday, February 6th. Jefferies Financial Group upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Monday, January 8th. Mizuho upped their price target on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. UBS Group reduced their price target on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus target price of $180.39.

Read Our Latest Report on Chevron

Chevron Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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