Greenline Partners LLC Boosts Stock Holdings in Chevron Co. (NYSE:CVX)

Greenline Partners LLC grew its stake in shares of Chevron Co. (NYSE:CVX) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,655 shares of the oil and gas company’s stock after buying an additional 89 shares during the period. Greenline Partners LLC’s holdings in Chevron were worth $3,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CVX. Regent Peak Wealth Advisors LLC lifted its position in Chevron by 4.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,117 shares of the oil and gas company’s stock valued at $596,000 after buying an additional 168 shares in the last quarter. CJM Wealth Advisers Ltd. lifted its holdings in shares of Chevron by 5.1% during the 4th quarter. CJM Wealth Advisers Ltd. now owns 2,901 shares of the oil and gas company’s stock valued at $420,000 after acquiring an additional 140 shares in the last quarter. First International Bank & Trust boosted its position in Chevron by 50.9% during the 4th quarter. First International Bank & Trust now owns 3,162 shares of the oil and gas company’s stock worth $458,000 after purchasing an additional 1,066 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Chevron by 17.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,038,871 shares of the oil and gas company’s stock valued at $152,995,000 after purchasing an additional 157,272 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its position in Chevron by 49.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 20,607 shares of the oil and gas company’s stock valued at $2,985,000 after purchasing an additional 6,822 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 1.1 %

NYSE:CVX opened at $138.52 on Friday. The company has a market cap of $243.88 billion, a PE ratio of 14.25, a P/E/G ratio of 1.46 and a beta of 0.83. The business’s 50 day moving average is $147.91 and its two-hundred day moving average is $152.05. 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 Co. has a 52 week low of $132.04 and a 52 week high of $168.96.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The firm had revenue of $47.61 billion for the quarter, compared to analysts’ expectations of $49.05 billion. During the same period last year, the business posted $2.93 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Monday, May 19th. Chevron’s dividend payout ratio is presently 78.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CVX shares. DZ Bank lowered Chevron from a “buy” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Tuesday. UBS Group lowered their price objective on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $175.00 price objective on shares of Chevron in a research note on Monday, February 3rd. Truist Financial decreased their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price target on shares of Chevron from $173.00 to $164.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $161.25.

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.