Rowlandmiller & PARTNERS.ADV Buys 2,111 Shares of Chevron Co. (NYSE:CVX)

Rowlandmiller & PARTNERS.ADV boosted its stake in Chevron Co. (NYSE:CVX) by 4.6% in the fourth quarter, HoldingsChannel reports. The firm owned 48,334 shares of the oil and gas company’s stock after acquiring an additional 2,111 shares during the period. Chevron accounts for about 1.5% of Rowlandmiller & PARTNERS.ADV’s holdings, making the stock its 19th biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Chevron were worth $7,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. RPG Investment Advisory LLC increased its holdings in Chevron by 3.6% in the fourth quarter. RPG Investment Advisory LLC now owns 125,540 shares of the oil and gas company’s stock valued at $18,183,000 after purchasing an additional 4,373 shares during the last quarter. Boothe Investment Group Inc. increased its holdings in Chevron by 6.1% in the fourth quarter. Boothe Investment Group Inc. now owns 41,746 shares of the oil and gas company’s stock valued at $6,046,000 after purchasing an additional 2,394 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Chevron by 214.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 49,173 shares of the oil and gas company’s stock valued at $7,122,000 after purchasing an additional 33,541 shares during the last quarter. Partners Wealth Management LLC bought a new stake in Chevron in the fourth quarter valued at about $316,000. Finally, Black Diamond Financial LLC grew its stake in Chevron by 127.3% in the fourth quarter. Black Diamond Financial LLC now owns 4,378 shares of the oil and gas company’s stock valued at $634,000 after acquiring an additional 2,452 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the transaction, the vice president now directly owns 1,057 shares in the company, valued at $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $175.00 price target on shares of Chevron in a report on Monday, February 3rd. Truist Financial lowered their price target on Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Piper Sandler lowered their price target on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday, November 5th. Finally, Barclays lowered their price target on Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.13.

Chevron Stock Down 1.2 %

NYSE:CVX opened at $156.92 on Monday. 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 stock has a 50-day simple moving average of $151.97 and a 200 day simple moving average of $151.11. The company has a market cap of $282.00 billion, a PE ratio of 16.14, a PEG ratio of 1.46 and a beta of 1.11. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a net margin of 8.71% and a return on equity of 11.44%. During the same period in the prior year, the company earned $3.45 earnings per share. On average, sell-side analysts expect that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.36%. This is an increase from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, February 14th. Chevron’s dividend payout ratio (DPR) is currently 70.37%.

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.