Chevron Co. (NYSE:CVX) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its position in Chevron Co. (NYSE:CVX) by 43.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 41,737 shares of the oil and gas company’s stock after selling 32,685 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Chevron were worth $6,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CVX. Rodgers Brothers Inc. lifted its holdings in shares of Chevron by 1.5% in the 4th quarter. Rodgers Brothers Inc. now owns 51,805 shares of the oil and gas company’s stock valued at $7,503,000 after buying an additional 768 shares during the period. Seven Mile Advisory lifted its holdings in Chevron by 19.7% in the fourth quarter. Seven Mile Advisory now owns 2,135 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 351 shares during the period. Colrain Capital LLC purchased a new stake in shares of Chevron during the 4th quarter worth $263,000. Summit Financial LLC grew its stake in shares of Chevron by 91.5% during the 4th quarter. Summit Financial LLC now owns 29,159 shares of the oil and gas company’s stock worth $4,223,000 after purchasing an additional 13,934 shares during the period. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Chevron during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In other news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 1,057 shares of the company’s stock, valued at $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Chevron Price Performance

Chevron stock opened at $167.52 on Tuesday. The firm’s 50-day moving average is $157.22 and its two-hundred day moving average is $153.80. 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 stock has a market capitalization of $294.94 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.46 and a beta of 1.08. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $168.96.

Chevron (NYSE:CVX) last announced its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) 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 last year, the business posted $3.45 EPS. Equities analysts predict that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $1.71 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Friday, February 14th. Chevron’s dividend payout ratio is presently 70.37%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays decreased 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. Truist Financial decreased their price target on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Piper Sandler dropped their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Raymond James decreased their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research report 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’s stock. Based on data from MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

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.