Symmetry Partners LLC Buys 109 Shares of Chevron Co. (NYSE:CVX)

Symmetry Partners LLC raised its holdings in Chevron Co. (NYSE:CVX) by 6.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,771 shares of the oil and gas company’s stock after purchasing an additional 109 shares during the quarter. Symmetry Partners LLC’s holdings in Chevron were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Lingohr Asset Management GmbH bought a new position in shares of Chevron during the fourth quarter worth approximately $243,000. Berkeley Capital Partners LLC boosted its holdings in shares of Chevron by 0.4% in the 4th quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company’s stock valued at $2,572,000 after purchasing an additional 67 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Chevron by 157.8% in the 4th quarter. Teacher Retirement System of Texas now owns 529,656 shares of the oil and gas company’s stock valued at $76,715,000 after purchasing an additional 324,184 shares in the last quarter. First National Bank of Hutchinson boosted its holdings in shares of Chevron by 44.1% in the 4th quarter. First National Bank of Hutchinson now owns 2,161 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 661 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Chevron by 2.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 867,609 shares of the oil and gas company’s stock valued at $125,664,000 after purchasing an additional 22,525 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of the company’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 transaction of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at approximately $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Chevron Stock Up 2.0 %

Shares of NYSE:CVX opened at $164.00 on Thursday. The company has a market capitalization of $288.73 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The business’s 50-day moving average is $155.77 and its 200-day moving average is $152.31. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (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 last year, the company earned $3.45 earnings per share. Equities research analysts predict that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $1.71 per share. This is an increase from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Friday, February 14th. Chevron’s dividend payout ratio is 70.37%.

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of research reports. UBS Group reduced their price objective on Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Raymond James reduced their price objective on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Truist Financial cut their target price on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Piper Sandler cut their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.13.

Chevron Company 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.