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

HC Advisors LLC boosted its holdings in Chevron Co. (NYSE:CVX) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,779 shares of the oil and gas company’s stock after buying an additional 386 shares during the quarter. Chevron comprises about 0.4% of HC Advisors LLC’s investment portfolio, making the stock its 27th largest holding. HC Advisors LLC’s holdings in Chevron were worth $547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pettinga Financial Advisors LLC boosted 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 acquiring an additional 272 shares during the period. Eagle Strategies LLC boosted its holdings in shares of Chevron by 7.8% in the third quarter. Eagle Strategies LLC now owns 1,833 shares of the oil and gas company’s stock valued at $270,000 after acquiring an additional 133 shares during the period. GSB Wealth Management LLC boosted its holdings in shares of Chevron by 8.2% in the third quarter. GSB Wealth Management LLC now owns 20,115 shares of the oil and gas company’s stock valued at $2,962,000 after acquiring an additional 1,517 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of Chevron during the third quarter worth approximately $82,000. Finally, Milestones Administradora de Recursos Ltda. raised its stake in shares of Chevron by 71.0% during the third quarter. Milestones Administradora de Recursos Ltda. now owns 47,610 shares of the oil and gas company’s stock worth $7,012,000 after purchasing an additional 19,760 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Trading Up 0.9 %

Shares of CVX stock opened at $156.57 on Friday. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The stock has a market cap of $281.36 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.46 and a beta of 1.11. The business has a fifty day simple moving average of $152.83 and a 200-day simple moving average of $151.34. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced 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 net margin of 8.71% and a return on equity of 11.44%. During the same period in the previous year, the firm posted $3.45 earnings per share. On average, analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $1.71 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.37%. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio (DPR) is currently 70.37%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CVX shares. 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. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and upped their price target for the stock from $145.00 to $185.00 in a research note on Tuesday, November 26th. Royal Bank of Canada restated an “outperform” rating and set a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. Barclays cut their price target on Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price target on Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Insider Activity at Chevron

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

Chevron 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.