Anchor Capital Advisors LLC Sells 3,929 Shares of Chevron Co. (NYSE:CVX)

Anchor Capital Advisors LLC reduced its holdings in shares of Chevron Co. (NYSE:CVX) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,211 shares of the oil and gas company’s stock after selling 3,929 shares during the period. Anchor Capital Advisors LLC’s holdings in Chevron were worth $17,556,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Hilltop Partners LLC boosted its position in shares of Chevron by 31.3% in the 4th quarter. Hilltop Partners LLC now owns 8,399 shares of the oil and gas company’s stock worth $1,216,000 after purchasing an additional 2,001 shares in the last quarter. Sentinel Trust Co. LBA increased its position in Chevron by 4.9% during the 4th quarter. Sentinel Trust Co. LBA now owns 15,233 shares of the oil and gas company’s stock valued at $2,206,000 after buying an additional 707 shares in the last quarter. Shoker Investment Counsel Inc. raised its stake in Chevron by 1.2% during the fourth quarter. Shoker Investment Counsel Inc. now owns 22,106 shares of the oil and gas company’s stock valued at $3,202,000 after buying an additional 272 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in Chevron by 2.6% in the fourth quarter. Verus Capital Partners LLC now owns 21,509 shares of the oil and gas company’s stock worth $3,115,000 after acquiring an additional 538 shares in the last quarter. Finally, Fusion Capital LLC grew its stake in shares of Chevron by 2.3% in the fourth quarter. Fusion Capital LLC now owns 6,689 shares of the oil and gas company’s stock worth $969,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 0.9 %

CVX stock opened at $156.57 on Friday. The company has a market cap of $281.36 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.46 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 business’s 50-day moving average is $152.83 and its two-hundred day moving average is $151.34. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share 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 in the prior year, the firm posted $3.45 earnings per share. As a group, analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio (DPR) is currently 70.37%.

Insider Activity

In related news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CVX. Truist Financial lowered their price target on Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. UBS Group decreased their target price on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a report on Monday, February 3rd. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Tuesday, November 5th. Wells Fargo & Company decreased 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. Finally, Raymond James lowered their price objective on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

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.