apricus wealth LLC Acquires 2,366 Shares of Chevron Co. (NYSE:CVX)

apricus wealth LLC raised its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,597 shares of the oil and gas company’s stock after purchasing an additional 2,366 shares during the quarter. Chevron accounts for approximately 2.5% of apricus wealth LLC’s portfolio, making the stock its 11th largest position. apricus wealth LLC’s holdings in Chevron were worth $3,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in shares of Chevron by 104,997.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,490,824 shares of the oil and gas company’s stock worth $4,395,858,000 after acquiring an additional 24,467,521 shares in the last quarter. Norges Bank purchased a new stake in Chevron during the fourth quarter valued at about $3,058,235,000. Imprint Wealth LLC lifted its holdings in Chevron by 15,457.0% during the second quarter. Imprint Wealth LLC now owns 5,378,354 shares of the oil and gas company’s stock valued at $537,835,000 after purchasing an additional 5,343,782 shares during the last quarter. Morgan Stanley lifted its holdings in Chevron by 12.7% during the fourth quarter. Morgan Stanley now owns 32,906,060 shares of the oil and gas company’s stock valued at $5,906,309,000 after purchasing an additional 3,711,923 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Chevron by 570.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,813,051 shares of the oil and gas company’s stock valued at $504,913,000 after purchasing an additional 2,393,200 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler decreased their price target on Chevron from $188.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Scotiabank cut shares of Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 price objective on the stock. in a research report on Tuesday, January 16th. Royal Bank of Canada upped their price objective on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. UBS Group decreased their price objective on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Finally, Mizuho upped their price objective on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.39.

Read Our Latest Stock Report on CVX

Chevron Trading Up 0.7 %

Shares of NYSE:CVX traded up $1.04 during trading on Tuesday, reaching $160.12. 1,929,076 shares of the company traded hands, compared to its average volume of 8,620,130. The firm has a market capitalization of $297.39 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.42 and a beta of 1.12. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $172.88. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $152.56 and its 200-day moving average is $152.41.

Chevron (NYSE:CVXGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm had revenue of $47.18 billion during the quarter, compared to analyst estimates of $50.93 billion. During the same quarter in the prior year, the firm posted $4.09 earnings per share. The business’s quarterly revenue was down 16.5% compared to the same quarter last year. As a group, analysts forecast that Chevron Co. will post 13.04 EPS for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $1.63 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date was Thursday, February 15th. This represents a $6.52 dividend on an annualized basis and a yield of 4.07%. Chevron’s dividend payout ratio (DPR) is presently 57.39%.

Chevron Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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