Chevron Co. (NYSE:CVX) Shares Bought by HC Advisors LLC

HC Advisors LLC grew its holdings in shares of Chevron Co. (NYSE:CVX) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,779 shares of the oil and gas company’s stock after purchasing an additional 386 shares during the quarter. Chevron makes up about 0.4% of HC Advisors LLC’s portfolio, making the stock its 27th biggest holding. HC Advisors LLC’s holdings in Chevron were worth $547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CORDA Investment Management LLC. boosted its position in shares of Chevron by 24.0% during the 4th quarter. CORDA Investment Management LLC. now owns 13,806 shares of the oil and gas company’s stock valued at $2,000,000 after acquiring an additional 2,670 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Chevron by 3.4% during the 4th quarter. QRG Capital Management Inc. now owns 245,889 shares of the oil and gas company’s stock valued at $35,615,000 after acquiring an additional 8,155 shares during the last quarter. Consilium Wealth Advisory LLC boosted its position in shares of Chevron by 13.8% during the 4th quarter. Consilium Wealth Advisory LLC now owns 6,088 shares of the oil and gas company’s stock valued at $882,000 after acquiring an additional 739 shares during the last quarter. Brueske Advisory Services LLC acquired a new position in shares of Chevron during the 4th quarter valued at about $376,000. Finally, Versor Investments LP acquired a new position in shares of Chevron during the 4th quarter valued at about $2,346,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Up 0.9 %

Shares of NYSE:CVX opened at $156.57 on Friday. 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 capitalization of $281.36 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. The firm’s 50-day moving average is $152.83 and its two-hundred day moving average is $151.34. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 business earned $3.45 EPS. Analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.37%. This is a positive change from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date is Friday, February 14th. Chevron’s dividend payout ratio is presently 70.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Barclays reduced their price objective on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Raymond James reduced their price objective on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, Piper Sandler reduced their price objective on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

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.