Chevron Co. (NYSE:CVX) Shares Purchased by First Western Trust Bank

First Western Trust Bank increased its holdings in shares of Chevron Co. (NYSE:CVX) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,797 shares of the oil and gas company’s stock after buying an additional 119 shares during the quarter. First Western Trust Bank’s holdings in Chevron were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CVX. Rosenblum Silverman Sutton S F Inc. CA grew its stake in shares of Chevron by 3.2% during the fourth quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 3,179 shares of the oil and gas company’s stock worth $460,000 after acquiring an additional 100 shares during the last quarter. Smith Moore & CO. grew its position in Chevron by 3.0% during the 4th quarter. Smith Moore & CO. now owns 18,839 shares of the oil and gas company’s stock worth $2,729,000 after purchasing an additional 546 shares during the last quarter. Broderick Brian C increased its stake in Chevron by 8.9% during the 4th quarter. Broderick Brian C now owns 29,470 shares of the oil and gas company’s stock valued at $4,268,000 after purchasing an additional 2,420 shares in the last quarter. Prudential PLC lifted its stake in shares of Chevron by 19.7% during the fourth quarter. Prudential PLC now owns 31,572 shares of the oil and gas company’s stock worth $4,573,000 after buying an additional 5,206 shares during the period. Finally, Wescott Financial Advisory Group LLC lifted its stake in shares of Chevron by 6.9% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 3,492 shares of the oil and gas company’s stock worth $506,000 after buying an additional 224 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 price target on shares of Chevron in a research report on Monday, February 3rd. UBS Group decreased their target price on Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Truist Financial cut their price target on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. 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 research note on Monday, February 3rd. Finally, Raymond James cut their price objective on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

Insider Buying and Selling

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 1,057 shares of the company’s stock, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Chevron Stock Performance

NYSE:CVX opened at $155.98 on Friday. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $168.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The firm has a market capitalization of $274.61 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08. The business’s fifty day moving average price is $157.63 and its 200 day moving average price is $154.10.

Chevron (NYSE:CVX) last issued its earnings results 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 period last year, the business posted $3.45 EPS. On average, sell-side analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal 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 represents a $6.84 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.63. Chevron’s payout ratio is currently 70.37%.

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.