Chevron Co. (NYSE:CVX) Shares Acquired by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC boosted its position in Chevron Co. (NYSE:CVX) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,097 shares of the oil and gas company’s stock after acquiring an additional 346 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Chevron were worth $2,766,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CVX. American Century Companies Inc. boosted its position in shares of Chevron by 2.1% in the second quarter. American Century Companies Inc. now owns 1,680,816 shares of the oil and gas company’s stock worth $262,913,000 after acquiring an additional 34,865 shares during the last quarter. Perritt Capital Management Inc raised its holdings in shares of Chevron by 3.2% in the 2nd quarter. Perritt Capital Management Inc now owns 3,714 shares of the oil and gas company’s stock worth $581,000 after purchasing an additional 114 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Chevron by 17.1% during the 2nd quarter. Y.D. More Investments Ltd now owns 13,843 shares of the oil and gas company’s stock worth $2,165,000 after purchasing an additional 2,017 shares during the period. Johnson Investment Counsel Inc. increased its position in Chevron by 1.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 749,179 shares of the oil and gas company’s stock worth $117,187,000 after purchasing an additional 7,889 shares in the last quarter. Finally, Barings LLC lifted its position in Chevron by 0.4% during the second quarter. Barings LLC now owns 80,449 shares of the oil and gas company’s stock valued at $12,584,000 after buying an additional 332 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Chevron Stock Performance

Shares of CVX traded up $2.37 during midday trading on Friday, hitting $152.67. 4,487,023 shares of the stock traded hands, compared to its average volume of 6,385,081. 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 Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The business’s 50 day moving average price is $153.68 and its two-hundred day moving average price is $151.08. The firm has a market capitalization of $274.36 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12.

Chevron (NYSE:CVX) last posted its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. Chevron’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.05 EPS. Equities research analysts predict that Chevron Co. will post 10.5 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.27%. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Scotiabank dropped their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Tuesday, November 5th. Bank of America assumed coverage on Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 target price for the company. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and raised their price objective for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company upped their target price on Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.60.

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.