Pettyjohn Wood & White Inc. Has $7.20 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Pettyjohn Wood & White Inc. lifted its position in Chevron Co. (NYSE:CVXFree Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,259 shares of the oil and gas company’s stock after buying an additional 704 shares during the quarter. Chevron comprises approximately 1.6% of Pettyjohn Wood & White Inc.’s holdings, making the stock its 19th largest position. Pettyjohn Wood & White Inc.’s holdings in Chevron were worth $7,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Profund Advisors LLC lifted its stake in shares of Chevron by 17.1% in the fourth quarter. Profund Advisors LLC now owns 117,441 shares of the oil and gas company’s stock worth $17,518,000 after buying an additional 17,181 shares during the last quarter. Financial Network Wealth Advisors LLC acquired a new stake in shares of Chevron in the fourth quarter worth $430,000. First County Bank CT lifted its stake in shares of Chevron by 4.9% in the fourth quarter. First County Bank CT now owns 8,643 shares of the oil and gas company’s stock worth $1,289,000 after buying an additional 402 shares during the last quarter. Fort Sheridan Advisors LLC lifted its stake in shares of Chevron by 13.6% in the fourth quarter. Fort Sheridan Advisors LLC now owns 41,208 shares of the oil and gas company’s stock worth $6,147,000 after buying an additional 4,933 shares during the last quarter. Finally, Groupama Asset Managment bought a new position in Chevron during the fourth quarter worth $49,063,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CVX shares. Piper Sandler boosted their target price on shares of Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. TD Cowen boosted their target price on shares of Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Mizuho boosted their target price on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Truist Financial boosted their target price on shares of Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. Finally, Wells Fargo & Company increased their price objective on shares of Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.95.

Read Our Latest Research Report on CVX

Insiders Place Their Bets

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the sale, the vice president now owns 477 shares of the company’s stock, valued at approximately $76,429.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the transaction, the vice president now directly owns 477 shares of the company’s stock, valued at $76,429.71. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of Chevron stock in a transaction on Friday, May 10th. The stock was sold at an average price of $165.24, for a total transaction of $421,196.76. Following the transaction, the director now directly owns 27,725 shares in the company, valued at $4,581,279. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,546 shares of company stock valued at $3,176,223. Company insiders own 0.20% of the company’s stock.

Chevron Price Performance

Shares of Chevron stock traded down $1.42 during midday trading on Thursday, reaching $152.80. The company had a trading volume of 6,160,900 shares, compared to its average volume of 8,015,426. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $281.61 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The stock has a fifty day simple moving average of $160.13 and a 200 day simple moving average of $153.74. Chevron Co. has a 1-year low of $139.62 and a 1-year high of $171.70.

Chevron (NYSE:CVXGet Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The firm had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. During the same quarter in the previous year, the business earned $3.55 EPS. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that Chevron Co. will post 13.45 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, May 16th. Chevron’s dividend payout ratio is presently 59.98%.

About Chevron

(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.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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