Chevron Co. (NYSE:CVX) Holdings Raised by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. raised its holdings in Chevron Co. (NYSE:CVX) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,554 shares of the oil and gas company’s stock after acquiring an additional 310 shares during the quarter. Chevron makes up about 1.1% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 29th largest position. Blackhawk Capital Partners LLC.’s holdings in Chevron were worth $2,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Synergy Financial Group LTD bought a new stake in Chevron during the fourth quarter valued at about $247,000. Transcendent Capital Group LLC increased its position in shares of Chevron by 20.8% during the fourth quarter. Transcendent Capital Group LLC now owns 806 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 139 shares during the period. Mengis Capital Management Inc. increased its holdings in Chevron by 2.5% in the 4th quarter. Mengis Capital Management Inc. now owns 102,948 shares of the oil and gas company’s stock valued at $14,911,000 after buying an additional 2,506 shares during the period. CWS Financial Advisors LLC raised its position in Chevron by 21.6% in the fourth quarter. CWS Financial Advisors LLC now owns 6,164 shares of the oil and gas company’s stock worth $893,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Coyle Financial Counsel LLC acquired a new position in shares of Chevron in the 4th quarter worth approximately $223,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

NYSE CVX opened at $157.85 on Tuesday. 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 company has a fifty day simple moving average of $152.14 and a 200 day simple moving average of $151.20. The company has a market cap of $283.68 billion, a P/E ratio of 16.24, a PEG ratio of 1.46 and a beta of 1.11. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS 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 previous year, the company earned $3.45 EPS. Sell-side analysts predict that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $1.71 per share. The ex-dividend date is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.33%. Chevron’s dividend payout ratio is currently 70.37%.

Insider Buying and Selling

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Piper Sandler lowered their price target on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Truist Financial decreased their price objective on Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.13.

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.