West Branch Capital LLC Purchases 1,511 Shares of Chevron Co. (NYSE:CVX)

West Branch Capital LLC lifted its position in shares of Chevron Co. (NYSE:CVX) by 18.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,689 shares of the oil and gas company’s stock after acquiring an additional 1,511 shares during the quarter. West Branch Capital LLC’s holdings in Chevron were worth $1,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Missouri Trust & Investment Co grew its stake in shares of Chevron by 4.1% during the 4th quarter. Missouri Trust & Investment Co now owns 19,859 shares of the oil and gas company’s stock worth $2,876,000 after acquiring an additional 783 shares during the period. Davis Capital Management grew its stake in shares of Chevron by 96.9% during the 4th quarter. Davis Capital Management now owns 1,217 shares of the oil and gas company’s stock worth $176,000 after acquiring an additional 599 shares during the period. Eads & Heald Wealth Management grew its stake in shares of Chevron by 6.6% during the 4th quarter. Eads & Heald Wealth Management now owns 12,830 shares of the oil and gas company’s stock worth $1,858,000 after acquiring an additional 791 shares during the period. Barlow Wealth Partners Inc. grew its stake in shares of Chevron by 6.2% during the 4th quarter. Barlow Wealth Partners Inc. now owns 5,661 shares of the oil and gas company’s stock worth $896,000 after acquiring an additional 329 shares during the period. Finally, XML Financial LLC grew its stake in shares of Chevron by 0.6% during the 4th quarter. XML Financial LLC now owns 45,436 shares of the oil and gas company’s stock worth $6,581,000 after acquiring an additional 255 shares during the period. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CVX shares. UBS Group increased their price objective on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. DZ Bank raised 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. Raymond James increased their price objective on Chevron from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Truist Financial increased their price objective on Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Citigroup raised Chevron from a “neutral” rating to a “buy” rating and raised their price target for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $175.27.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction on 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 transaction, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Chevron Trading Down 0.3 %

CVX opened at $155.99 on Friday. The stock has a market cap of $280.32 billion, a PE ratio of 17.14, a PEG ratio of 1.39 and a beta of 1.12. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $154.05 and a 200-day moving average of $151.11. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.05 EPS. Equities research analysts predict that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Monday, November 18th. 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.