17,421 Shares in Chevron Co. (NYSE:CVX) Purchased by Generali Investments Management Co LLC

Generali Investments Management Co LLC acquired a new position in shares of Chevron Co. (NYSE:CVX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,421 shares of the oil and gas company’s stock, valued at approximately $2,523,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. United Bank lifted its holdings in shares of Chevron by 8.4% in the third quarter. United Bank now owns 8,095 shares of the oil and gas company’s stock worth $1,192,000 after acquiring an additional 629 shares during the last quarter. Joseph Group Capital Management lifted its holdings in shares of Chevron by 23.2% in the third quarter. Joseph Group Capital Management now owns 16,393 shares of the oil and gas company’s stock worth $2,414,000 after acquiring an additional 3,092 shares during the last quarter. New England Asset Management Inc. lifted its holdings in shares of Chevron by 0.4% in the third quarter. New England Asset Management Inc. now owns 38,685 shares of the oil and gas company’s stock worth $5,697,000 after acquiring an additional 145 shares during the last quarter. Windle Wealth LLC lifted its holdings in shares of Chevron by 12.4% in the third quarter. Windle Wealth LLC now owns 43,928 shares of the oil and gas company’s stock worth $6,469,000 after acquiring an additional 4,851 shares during the last quarter. Finally, Lindenwold Advisors INC lifted its holdings in shares of Chevron by 1.5% in the third quarter. Lindenwold Advisors INC now owns 15,651 shares of the oil and gas company’s stock worth $2,305,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Transactions 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 value of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares in the company, valued at $161,192.50. This trade represents a 89.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Chevron Stock Performance

NYSE:CVX opened at $160.81 on Wednesday. The company has a market capitalization of $283.12 billion, a PE ratio of 16.54, a P/E/G ratio of 1.46 and a beta of 1.08. The company has a 50 day simple moving average of $155.49 and a two-hundred day simple moving average of $152.23. 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.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate 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 company posted $3.45 EPS. Research analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $1.71 per share. This is an increase from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date was Friday, February 14th. This represents a $6.84 annualized dividend and a dividend yield of 4.25%. Chevron’s dividend payout ratio (DPR) is 70.37%.

Analysts Set New Price Targets

CVX has been the subject of a number of research reports. Barclays dropped their target price on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company dropped their price objective 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. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and raised their price objective for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. Finally, Truist Financial dropped their price objective on shares of Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

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.