Chevron Co. (NYSE:CVX) Shares Purchased by Onefund LLC

Onefund LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 4,585 shares of the oil and gas company’s stock after buying an additional 117 shares during the quarter. Chevron makes up approximately 0.6% of Onefund LLC’s holdings, making the stock its 28th biggest holding. Onefund LLC’s holdings in Chevron were worth $664,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Pettinga Financial Advisors LLC boosted its holdings in shares of Chevron by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,972 shares of the oil and gas company’s stock valued at $438,000 after buying an additional 272 shares in the last quarter. Petra Financial Advisors Inc. acquired a new stake in Chevron during the 3rd quarter worth $249,000. United Asset Strategies Inc. grew its position in Chevron by 4.0% during the 3rd quarter. United Asset Strategies Inc. now owns 80,380 shares of the oil and gas company’s stock worth $11,838,000 after purchasing an additional 3,105 shares during the last quarter. Cordatus Wealth Management LLC grew its position in Chevron by 0.5% during the 3rd quarter. Cordatus Wealth Management LLC now owns 18,884 shares of the oil and gas company’s stock worth $2,781,000 after purchasing an additional 90 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its position in Chevron by 1.0% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 197,947 shares of the oil and gas company’s stock worth $29,152,000 after purchasing an additional 2,021 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Up 1.2 %

CVX opened at $158.59 on Friday. The firm has a 50 day moving average price of $153.14 and a 200 day moving average price of $151.44. The company has a market cap of $285.00 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX) last posted 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 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. Sell-side analysts expect that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio is 70.37%.

Insider Buying and Selling at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the sale, the vice president now owns 1,057 shares of the company’s stock, valued at $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CVX. Wells Fargo & Company lowered their price objective on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Truist Financial lowered their price objective on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and issued a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. Barclays reduced their target price on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group reduced their target price on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.