Cromwell Holdings LLC Buys 315 Shares of Chevron Co. (NYSE:CVX)

Cromwell Holdings LLC grew its stake in shares of Chevron Co. (NYSE:CVX) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,007 shares of the oil and gas company’s stock after buying an additional 315 shares during the quarter. Cromwell Holdings LLC’s holdings in Chevron were worth $725,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CVX. Allspring Global Investments Holdings LLC grew its holdings in shares of Chevron by 14.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 223,561 shares of the oil and gas company’s stock valued at $32,924,000 after purchasing an additional 27,483 shares during the last quarter. Plan Group Financial LLC grew its stake in shares of Chevron by 25.8% during the third quarter. Plan Group Financial LLC now owns 8,530 shares of the oil and gas company’s stock valued at $1,256,000 after buying an additional 1,747 shares during the last quarter. Meadow Creek Wealth Advisors LLC grew its stake in shares of Chevron by 8.1% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 5,632 shares of the oil and gas company’s stock valued at $829,000 after buying an additional 424 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Chevron by 27.5% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 107,341 shares of the oil and gas company’s stock valued at $15,808,000 after acquiring an additional 23,136 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in Chevron by 3.1% during the 3rd quarter. Greenleaf Trust now owns 60,285 shares of the oil and gas company’s stock valued at $8,878,000 after acquiring an additional 1,830 shares during the period. 72.42% of the stock is owned by institutional investors.

Insider Activity at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the sale, the vice president now owns 1,057 shares in the company, valued at $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citigroup raised Chevron from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $185.00 in a research note on Tuesday, November 26th. Piper Sandler lowered 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. UBS Group dropped their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Chevron Stock Up 1.1 %

Shares of NYSE:CVX opened at $158.89 on Friday. The firm has a market capitalization of $285.53 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock has a 50 day moving average price of $151.91 and a 200-day moving average price of $150.91. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11.

Chevron (NYSE:CVX) last posted its quarterly earnings data 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 period in the prior year, the company posted $3.45 earnings per share. As a group, equities research analysts anticipate that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.31%. This is a positive change from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date is Friday, February 14th. Chevron’s dividend payout ratio (DPR) is presently 70.37%.

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.