Chevron Co. (NYSE:CVX) Shares Acquired by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Chevron Co. (NYSE:CVX) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,813 shares of the oil and gas company’s stock after purchasing an additional 918 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Chevron were worth $2,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CVX. Pettinga Financial Advisors LLC increased its holdings in shares of Chevron by 10.1% in the third quarter. Pettinga Financial Advisors LLC now owns 2,972 shares of the oil and gas company’s stock valued at $438,000 after purchasing an additional 272 shares during the period. Harvest Portfolios Group Inc. increased its holdings in shares of Chevron by 11.7% in the third quarter. Harvest Portfolios Group Inc. now owns 10,655 shares of the oil and gas company’s stock valued at $1,569,000 after purchasing an additional 1,113 shares during the period. Maia Wealth LLC increased its holdings in shares of Chevron by 3.1% in the third quarter. Maia Wealth LLC now owns 3,577 shares of the oil and gas company’s stock valued at $538,000 after purchasing an additional 107 shares during the period. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Chevron in the third quarter valued at approximately $902,000. Finally, Financial Enhancement Group LLC increased its holdings in shares of Chevron by 13.8% in the third quarter. Financial Enhancement Group LLC now owns 1,533 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Piper Sandler decreased their price target on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price target on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. 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. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and lifted their price target for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Finally, Raymond James decreased their price target on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Transactions at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Chevron Stock Up 1.4 %

CVX opened at $152.94 on Friday. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The company has a market cap of $269.27 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.46 and a beta of 1.08. The business’s fifty day moving average is $153.83 and its two-hundred day moving average is $151.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX) last released its quarterly 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 period last year, the firm earned $3.45 earnings per share. Analysts anticipate that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.47%. 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 payout ratio is 70.37%.

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.