Chevron Co. (NYSE:CVX) Shares Purchased by Doliver Advisors LP

Doliver Advisors LP boosted its position in Chevron Co. (NYSE:CVX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,984 shares of the oil and gas company’s stock after purchasing an additional 70 shares during the quarter. Doliver Advisors LP’s holdings in Chevron were worth $1,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. Bard Financial Services Inc. lifted its stake in shares of Chevron by 0.3% in the fourth quarter. Bard Financial Services Inc. now owns 62,735 shares of the oil and gas company’s stock worth $9,087,000 after buying an additional 200 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its stake in Chevron by 2.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 62,404 shares of the oil and gas company’s stock worth $9,039,000 after purchasing an additional 1,767 shares in the last quarter. First City Capital Management Inc. boosted its holdings in shares of Chevron by 2.6% during the 4th quarter. First City Capital Management Inc. now owns 19,034 shares of the oil and gas company’s stock worth $2,757,000 after purchasing an additional 485 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of Chevron by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 15,008 shares of the oil and gas company’s stock valued at $2,174,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Modus Advisors LLC increased its holdings in shares of Chevron by 3.5% in the fourth quarter. Modus Advisors LLC now owns 19,043 shares of the oil and gas company’s stock valued at $2,758,000 after purchasing an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CVX. Bank of America began coverage on Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 price objective on the stock. UBS Group upped their price objective on shares of Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised their price objective on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their target price on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Piper Sandler cut their price target on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.19.

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. The trade was a 97.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Chevron Stock Down 0.2 %

Shares of CVX traded down $0.29 during mid-day trading on Monday, hitting $147.56. 3,952,174 shares of the company’s stock were exchanged, compared to its average volume of 5,590,775. 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 fifty-two week low of $135.37 and a fifty-two week high of $167.11. The company has a market cap of $265.18 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.93 and a beta of 1.12. The stock’s 50-day moving average is $153.67 and its 200-day moving average is $151.21.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The firm had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. During the same period last year, the business posted $3.05 earnings per share. Chevron’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Chevron Co. will post 10.5 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid 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 dividend yield of 4.42%. Chevron’s payout ratio is 71.65%.

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.