Chevron Co. (NYSE:CVX) Stock Holdings Lifted by Meridian Financial Partners LLC

Meridian Financial Partners LLC lifted its stake in shares of Chevron Co. (NYSE:CVX) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,416 shares of the oil and gas company’s stock after acquiring an additional 67 shares during the quarter. Chevron accounts for 1.0% of Meridian Financial Partners LLC’s portfolio, making the stock its 21st largest holding. Meridian Financial Partners LLC’s holdings in Chevron were worth $1,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in Chevron by 41.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,348 shares of the oil and gas company’s stock worth $2,368,000 after purchasing an additional 4,764 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Chevron by 20.2% in the fourth quarter. Park Avenue Securities LLC now owns 84,765 shares of the oil and gas company’s stock worth $12,277,000 after acquiring an additional 14,245 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Chevron by 24.7% in the fourth quarter. Kathmere Capital Management LLC now owns 2,759 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 547 shares in the last quarter. San Luis Wealth Advisors LLC lifted its position in shares of Chevron by 2.8% in the 4th quarter. San Luis Wealth Advisors LLC now owns 7,459 shares of the oil and gas company’s stock valued at $1,080,000 after acquiring an additional 205 shares in the last quarter. Finally, SS&H Financial Advisors Inc. boosted its stake in Chevron by 2.7% in the 4th quarter. SS&H Financial Advisors Inc. now owns 9,708 shares of the oil and gas company’s stock worth $1,407,000 after purchasing an additional 258 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Up 0.9 %

CVX stock opened at $158.25 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a market cap of $284.39 billion, a PE ratio of 17.39, a PEG ratio of 2.62 and a beta of 1.12. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a fifty day simple moving average of $153.78 and a 200 day simple moving average of $150.95.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.05 earnings per share. Sell-side analysts anticipate that Chevron Co. will post 10.39 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.12%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio is currently 71.65%.

Analyst Ratings Changes

Several analysts have issued reports on CVX shares. Truist Financial boosted their target price on shares of Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a research note on Monday. UBS Group raised their price objective on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Scotiabank dropped their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Barclays increased their price target on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Bank of America initiated coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 price objective on the stock. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.87.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the sale, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.