Blackston Financial Advisory Group LLC Buys 111 Shares of Chevron Co. (NYSE:CVX)

Blackston Financial Advisory Group LLC grew its stake in shares of Chevron Co. (NYSE:CVX) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,111 shares of the oil and gas company’s stock after acquiring an additional 111 shares during the period. Blackston Financial Advisory Group LLC’s holdings in Chevron were worth $306,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Capital Advisory Group Advisory Services LLC raised its stake in Chevron by 4.3% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 18,727 shares of the oil and gas company’s stock worth $2,712,000 after buying an additional 765 shares in the last quarter. Lane & Associates LLC increased its holdings in shares of Chevron by 11.2% in the 4th quarter. Lane & Associates LLC now owns 2,831 shares of the oil and gas company’s stock valued at $422,000 after acquiring an additional 285 shares during the period. PYA Waltman Capital LLC raised its position in shares of Chevron by 2.1% in the 4th quarter. PYA Waltman Capital LLC now owns 15,527 shares of the oil and gas company’s stock worth $2,249,000 after acquiring an additional 316 shares in the last quarter. Compass Capital Corp MA ADV purchased a new stake in shares of Chevron during the 4th quarter worth $341,000. Finally, WP Advisors LLC boosted its position in Chevron by 0.8% during the fourth quarter. WP Advisors LLC now owns 17,433 shares of the oil and gas company’s stock valued at $2,525,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the business’s 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Chevron Trading Down 1.2 %

NYSE CVX opened at $156.92 on Friday. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. The firm has a 50-day moving average price of $151.97 and a 200 day moving average price of $150.99. The stock has a market capitalization of $282.00 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.44 and a beta of 1.11. 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 (NYSE:CVX) last issued its earnings results 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 net margin of 8.71% and a return on equity of 11.44%. During the same quarter in the previous year, the firm earned $3.45 earnings per share. Equities research analysts expect that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $1.71 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, February 14th. Chevron’s dividend payout ratio is currently 70.37%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Raymond James decreased their price target on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Truist Financial lowered 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. Citigroup raised Chevron from a “neutral” rating to a “buy” rating and upped their price target for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Wells Fargo & Company dropped their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 target price on shares of Chevron 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

About Chevron

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.