First National Corp MA ADV Has $606,000 Stock Holdings in Chevron Co. (NYSE:CVX)

First National Corp MA ADV lifted its position in shares of Chevron Co. (NYSE:CVX) by 11.3% during the 4th quarter, Holdings Channel reports. The firm owned 4,061 shares of the oil and gas company’s stock after purchasing an additional 411 shares during the quarter. First National Corp MA ADV’s holdings in Chevron were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. ACT Wealth Management LLC increased its stake in shares of Chevron by 1.7% during the 4th quarter. ACT Wealth Management LLC now owns 4,300 shares of the oil and gas company’s stock worth $641,000 after purchasing an additional 70 shares during the last quarter. Planned Solutions Inc. acquired a new position in Chevron in the 4th quarter valued at about $430,000. Threadgill Financial LLC grew its stake in Chevron by 4.2% in the 4th quarter. Threadgill Financial LLC now owns 22,143 shares of the oil and gas company’s stock valued at $3,303,000 after buying an additional 892 shares during the last quarter. Sterling Investment Management LLC grew its stake in Chevron by 1.3% in the 4th quarter. Sterling Investment Management LLC now owns 16,695 shares of the oil and gas company’s stock valued at $2,490,000 after buying an additional 221 shares during the last quarter. Finally, IFG Advisory LLC grew its stake in Chevron by 2.9% in the 4th quarter. IFG Advisory LLC now owns 12,115 shares of the oil and gas company’s stock valued at $1,807,000 after buying an additional 346 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CVX has been the topic of a number of research reports. 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 note on Monday, January 8th. Mizuho upped their price target on shares of Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. TD Cowen downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. 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 report on Thursday, December 14th. Finally, DZ Bank downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a report on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and an average price target of $180.39.

Chevron Price Performance

Shares of Chevron stock traded up $0.33 on Wednesday, reaching $155.60. 1,671,968 shares of the stock were exchanged, compared to its average volume of 8,689,606. The firm’s 50 day moving average is $151.11 and its 200-day moving average is $152.73. Chevron Co. has a one year low of $139.62 and a one year high of $172.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The firm has a market cap of $288.99 billion, a PE ratio of 13.67, a P/E/G ratio of 2.40 and a beta of 1.12.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.19 by $0.26. The business had revenue of $47.18 billion during the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The firm’s revenue was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 EPS. As a group, analysts anticipate that Chevron Co. will post 13.04 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $1.63 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date was Thursday, February 15th. This represents a $6.52 annualized dividend and a yield of 4.19%. Chevron’s dividend payout ratio is presently 57.39%.

About Chevron

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.