Chevron Co. (NYSE:CVX) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in Chevron Co. (NYSE:CVX – Get Rating) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 358,508 shares of the oil and gas company’s stock after acquiring an additional 945 shares during the quarter. Chevron accounts for 0.8% of Yousif Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Yousif Capital Management LLC’s holdings in Chevron were worth $64,349,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Cantor Fitzgerald Investment Advisor L.P increased its stake in Chevron by 85.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 159,115 shares of the oil and gas company’s stock worth $25,908,000 after buying an additional 73,141 shares during the period. Axiom Financial Strategies LLC increased its stake in Chevron by 25.2% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,335 shares of the oil and gas company’s stock worth $1,155,000 after buying an additional 1,476 shares during the period. GQG Partners LLC increased its stake in Chevron by 4.7% during the 1st quarter. GQG Partners LLC now owns 40,538 shares of the oil and gas company’s stock worth $6,598,000 after buying an additional 1,813 shares during the period. Lumature Wealth Partners LLC increased its stake in Chevron by 43.5% during the 1st quarter. Lumature Wealth Partners LLC now owns 5,837 shares of the oil and gas company’s stock worth $950,000 after buying an additional 1,770 shares during the period. Finally, First Trust Advisors LP increased its stake in Chevron by 13.8% during the 1st quarter. First Trust Advisors LP now owns 2,068,600 shares of the oil and gas company’s stock worth $336,830,000 after buying an additional 250,840 shares during the period. 69.37% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Down 1.3 %

Shares of NYSE:CVX opened at $152.34 on Friday. The stock has a market cap of $290.46 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.76 and a beta of 1.16. The firm has a fifty day moving average price of $169.06 and a 200 day moving average price of $169.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.23. Chevron Co. has a 1-year low of $132.54 and a 1-year high of $189.68.

Chevron (NYSE:CVX – Get Rating) last released its earnings results on Friday, January 27th. The oil and gas company reported $4.09 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.07). Chevron had a return on equity of 23.52% and a net margin of 14.40%. The firm had revenue of $56.47 billion during the quarter, compared to analyst estimates of $53.97 billion. During the same quarter last year, the business posted $2.56 EPS. The firm’s revenue was up 17.1% on a year-over-year basis. Sell-side analysts predict that Chevron Co. will post 14.87 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Thursday, February 16th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Wednesday, February 15th. This is a boost from Chevron’s previous quarterly dividend of $1.42. Chevron’s dividend payout ratio (DPR) is 33.04%.

Chevron declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 25th that authorizes the company to repurchase $75.00 billion in shares. This repurchase authorization authorizes the oil and gas company to reacquire up to 21.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Chevron from $197.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Monday, January 30th. Wells Fargo & Company dropped their price objective on shares of Chevron from $204.00 to $199.00 and set an “overweight” rating on the stock in a research report on Thursday, March 2nd. Raymond James dropped their price objective on shares of Chevron from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Monday, January 30th. BNP Paribas downgraded shares of Chevron from a “neutral” rating to an “underperform” rating and set a $190.00 price objective on the stock. in a research report on Wednesday, December 14th. Finally, Citigroup increased their price objective on shares of Chevron from $155.00 to $180.00 in a research report on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $189.50.

Insider Transactions at Chevron

In other news, VP Rhonda J. Morris sold 19,666 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $170.00, for a total value of $3,343,220.00. Following the completion of the sale, the vice president now owns 3,967 shares in the company, valued at approximately $674,390. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

Chevron Company Profile

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Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.