Chevron Co. (NYSE:CVX) Shares Purchased by Plancorp LLC

Plancorp LLC increased its position in shares of Chevron Co. (NYSE:CVX) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,998 shares of the oil and gas company’s stock after purchasing an additional 624 shares during the quarter. Plancorp LLC’s holdings in Chevron were worth $1,593,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Cyrus J. Lawrence LLC raised its holdings in shares of Chevron by 36.4% in the fourth quarter. Cyrus J. Lawrence LLC now owns 341 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 91 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Chevron by 43.6% in the fourth quarter. Mizuho Securities USA LLC now owns 158,401 shares of the oil and gas company’s stock worth $22,943,000 after acquiring an additional 48,107 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Chevron in the fourth quarter worth $3,036,000. ZEGA Investments LLC acquired a new position in shares of Chevron in the fourth quarter worth $427,000. Finally, von Borstel & Associates Inc. raised its holdings in shares of Chevron by 5.3% in the fourth quarter. von Borstel & Associates Inc. now owns 6,607 shares of the oil and gas company’s stock worth $957,000 after acquiring an additional 331 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Price Performance

Shares of NYSE CVX opened at $164.37 on Friday. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The business has a 50-day moving average of $156.29 and a 200-day moving average of $152.51. 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 company has a market capitalization of $289.39 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.46 and a beta of 1.08.

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

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $1.71 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Friday, February 14th. This represents a $6.84 annualized dividend and a dividend yield of 4.16%. Chevron’s dividend payout ratio is presently 70.37%.

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CVX. Truist Financial dropped their target price on Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Barclays dropped their target price on Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and upped their target price for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Wells Fargo & Company dropped their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group dropped their target price on Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research note 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.