Chevron Co. (NYSE:CVX) Shares Bought by Private Wealth Partners LLC

Private Wealth Partners LLC lifted its position in Chevron Co. (NYSE:CVX) by 21.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 193,134 shares of the oil and gas company’s stock after acquiring an additional 33,878 shares during the period. Chevron makes up 2.4% of Private Wealth Partners LLC’s investment portfolio, making the stock its 13th largest position. Private Wealth Partners LLC’s holdings in Chevron were worth $28,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in Chevron during the 3rd quarter valued at approximately $26,000. Valley Forge Investment Consultants Inc. ADV raised its stake in Chevron by 80.0% during 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 acquiring an additional 80 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in Chevron during the 4th quarter valued at $33,000. Legacy Financial Group LLC bought a new stake in Chevron during the 3rd quarter valued at $43,000. Finally, Roble Belko & Company Inc raised its stake in Chevron by 77.3% during the 4th quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock valued at $51,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the transaction, the vice president now owns 276 shares in the company, valued at $44,184.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

CVX has been the topic of a number of research reports. DZ Bank downgraded Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a research note on Tuesday, February 6th. Truist Financial decreased their target price on Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Wells Fargo & Company lifted their target price on Chevron from $185.00 to $198.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Finally, UBS Group lifted their target price on Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.75.

Chevron Stock Up 0.4 %

Shares of CVX stock traded up $0.61 on Friday, reaching $165.89. 9,736,350 shares of the company’s stock traded hands, compared to its average volume of 7,082,480. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $171.70. 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 company has a market capitalization of $308.10 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 2.44 and a beta of 1.12. The business’s 50 day moving average price is $156.58 and its two-hundred day moving average price is $151.73.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The business had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. During the same quarter in the previous year, the company posted $3.55 earnings per share. Chevron’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Chevron Co. will post 13.58 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 3.93%. Chevron’s dividend payout ratio (DPR) is currently 59.98%.

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.