Chevron Co. (NYSE:CVX) Shares Bought by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC increased its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,154 shares of the oil and gas company’s stock after purchasing an additional 218 shares during the period. Bridge Creek Capital Management LLC’s holdings in Chevron were worth $3,454,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new stake in Chevron in the third quarter valued at about $26,000. Valley Forge Investment Consultants Inc. ADV raised its stake in shares of Chevron by 80.0% during the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after buying an additional 80 shares in the last quarter. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $35,000. Valued Wealth Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at approximately $33,000. Finally, Worth Asset Management LLC purchased a new position in Chevron in the first quarter worth $36,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CVX. Jefferies Financial Group raised Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a report on Monday, January 8th. Royal Bank of Canada raised their target price on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a report on Monday. Piper Sandler reduced their target price on Chevron from $188.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Finally, UBS Group reduced their price objective on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average price target of $180.39.

Get Our Latest Report on CVX

Chevron Trading Up 1.0 %

Shares of NYSE CVX traded up $1.62 on Tuesday, reaching $160.70. 1,593,231 shares of the company traded hands, compared to its average volume of 8,612,912. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $172.88. The company has a 50 day moving average of $152.56 and a 200 day moving average of $152.41. 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 stock has a market capitalization of $298.46 billion, a PE ratio of 14.00, a P/E/G ratio of 2.42 and a beta of 1.12.

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

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a dividend of $1.63 per share. The ex-dividend date was Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 4.06%. Chevron’s dividend payout ratio is currently 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.

Further Reading

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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