66,086 Shares in Chevron Co. (NYSE:CVX) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Chevron Co. (NYSE:CVX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 66,086 shares of the oil and gas company’s stock, valued at approximately $8,947,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CVX. Apexium Financial LP increased its holdings in Chevron by 92.6% in the fourth quarter. Apexium Financial LP now owns 15,659 shares of the oil and gas company’s stock valued at $2,268,000 after buying an additional 7,527 shares during the last quarter. Capital Asset Advisory Services LLC increased its holdings in shares of Chevron by 4.1% in the 4th quarter. Capital Asset Advisory Services LLC now owns 25,649 shares of the oil and gas company’s stock valued at $3,792,000 after acquiring an additional 1,016 shares during the last quarter. Blue Trust Inc. raised its position in shares of Chevron by 21.8% during the 4th quarter. Blue Trust Inc. now owns 50,819 shares of the oil and gas company’s stock worth $7,484,000 after acquiring an additional 9,105 shares in the last quarter. Register Financial Advisors LLC lifted its stake in Chevron by 2.2% during the fourth quarter. Register Financial Advisors LLC now owns 9,005 shares of the oil and gas company’s stock worth $1,304,000 after purchasing an additional 197 shares during the last quarter. Finally, Strategic Investment Advisors MI boosted its holdings in Chevron by 7.7% in the fourth quarter. Strategic Investment Advisors MI now owns 1,533 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 109 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CVX shares. Truist Financial boosted their price objective on shares of Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company raised their price objective on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Raymond James boosted their target price on Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Piper Sandler dropped their price target on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, UBS Group boosted their price objective on Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. This represents a 97.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Chevron Stock Up 1.0 %

CVX stock opened at $157.20 on Tuesday. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The company has a fifty day moving average of $153.81 and a 200-day moving average of $151.11. The stock has a market capitalization of $282.50 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.05 EPS. As a group, analysts expect that Chevron Co. will post 10.18 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed 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 4.15%. The ex-dividend date was Monday, November 18th. Chevron’s payout ratio is 71.65%.

About Chevron

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.