Moloney Securities Asset Management LLC Buys 3,168 Shares of Chevron Co. (NYSE:CVX)

Moloney Securities Asset Management LLC grew its stake in Chevron Co. (NYSE:CVX) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,751 shares of the oil and gas company’s stock after acquiring an additional 3,168 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Chevron were worth $3,730,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CVX. Wilmington Savings Fund Society FSB boosted its stake in Chevron by 1.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 157,453 shares of the oil and gas company’s stock worth $22,805,000 after purchasing an additional 2,109 shares in the last quarter. D Orazio & Associates Inc. lifted its stake in shares of Chevron by 7.2% in the fourth quarter. D Orazio & Associates Inc. now owns 5,699 shares of the oil and gas company’s stock worth $825,000 after buying an additional 381 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Chevron by 23.7% during the fourth quarter. Apollon Wealth Management LLC now owns 82,208 shares of the oil and gas company’s stock valued at $11,907,000 after buying an additional 15,766 shares during the last quarter. Apollon Financial LLC raised its holdings in Chevron by 5.8% in the 4th quarter. Apollon Financial LLC now owns 2,816 shares of the oil and gas company’s stock worth $408,000 after acquiring an additional 155 shares during the last quarter. Finally, Opinicus Capital Inc. lifted its position in Chevron by 5.0% in the 4th quarter. Opinicus Capital Inc. now owns 6,795 shares of the oil and gas company’s stock valued at $984,000 after acquiring an additional 322 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVX has been the subject of several recent analyst reports. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Tuesday, November 5th. UBS Group reduced their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Barclays dropped their target price on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. Finally, Piper Sandler reduced their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Activity

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the transaction, the chief executive officer now owns 4,280 shares in the company, valued at $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Chevron Trading Up 0.4 %

Shares of CVX opened at $152.54 on Friday. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a 50 day simple moving average of $152.21 and a two-hundred day simple moving average of $150.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The firm has a market cap of $274.13 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.11.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the previous year, the firm posted $3.45 earnings per share. On average, equities analysts expect that Chevron Co. will post 10.84 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.48%. This is a boost from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, February 14th. Chevron’s dividend payout ratio is 67.08%.

Chevron Company 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.