TKG Advisors LLC Raises Stock Holdings in Chevron Co. (NYSE:CVX)

TKG Advisors LLC boosted its holdings in Chevron Co. (NYSE:CVXFree Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,172 shares of the oil and gas company’s stock after buying an additional 635 shares during the quarter. Chevron accounts for approximately 1.3% of TKG Advisors LLC’s holdings, making the stock its 26th biggest position. TKG Advisors LLC’s holdings in Chevron were worth $2,114,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Chicago Partners Investment Group LLC increased its position in shares of Chevron by 12.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 17,161 shares of the oil and gas company’s stock valued at $2,487,000 after purchasing an additional 1,877 shares during the last quarter. Beacon Financial Group increased its position in shares of Chevron by 3.0% during the 4th quarter. Beacon Financial Group now owns 18,187 shares of the oil and gas company’s stock valued at $2,713,000 after purchasing an additional 531 shares during the last quarter. Sierra Summit Advisors LLC purchased a new stake in Chevron in the 4th quarter worth approximately $358,000. Auxier Asset Management increased its holdings in Chevron by 2.1% in the 4th quarter. Auxier Asset Management now owns 27,444 shares of the oil and gas company’s stock worth $4,094,000 after acquiring an additional 575 shares in the last quarter. Finally, WNY Asset Management LLC increased its holdings in Chevron by 4.3% in the 4th quarter. WNY Asset Management LLC now owns 4,314 shares of the oil and gas company’s stock worth $644,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now owns 276 shares in the company, valued at $45,540. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now owns 276 shares in the company, valued at $45,540. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the transaction, the vice president now owns 477 shares in the company, valued at approximately $76,429.71. The disclosure for this sale can be found here. Insiders sold a total of 19,546 shares of company stock worth $3,176,223 over the last three months. 0.20% of the stock is owned by insiders.

Chevron Trading Down 0.2 %

CVX traded down $0.27 during trading on Friday, reaching $152.57. The company had a trading volume of 6,159,138 shares, compared to its average volume of 6,205,760. The stock has a market cap of $281.18 billion, a P/E ratio of 14.04, a PEG ratio of 2.27 and a beta of 1.12. The business has a 50 day simple moving average of $159.95 and a 200-day simple moving average of $153.79. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVXGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The company had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. Chevron’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $3.55 earnings per share. On average, equities analysts anticipate that Chevron Co. will post 13.45 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $1.63 dividend. The ex-dividend date was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.27%. Chevron’s dividend payout ratio is presently 59.98%.

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. Truist Financial increased their target price on shares of Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $170.00 to $195.00 in a report on Thursday, April 11th. UBS Group increased their target price on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Mizuho increased their target price on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Piper Sandler upped their price target on Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $186.95.

Read Our Latest Stock Report on Chevron

About Chevron

(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

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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