18,380 Shares in Chevron Co. (NYSE:CVX) Bought by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in shares of Chevron Co. (NYSE:CVX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,380 shares of the oil and gas company’s stock, valued at approximately $2,662,000.

Several other large investors have also recently modified their holdings of the stock. WINTON GROUP Ltd purchased a new stake in Chevron during the 4th quarter valued at about $4,936,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Chevron by 7.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,033,989 shares of the oil and gas company’s stock valued at $448,575,000 after purchasing an additional 198,890 shares during the period. Korea Investment CORP boosted its stake in shares of Chevron by 8.1% during the fourth quarter. Korea Investment CORP now owns 1,234,843 shares of the oil and gas company’s stock valued at $178,855,000 after purchasing an additional 92,589 shares during the period. Cottage Street Advisors LLC grew its holdings in shares of Chevron by 0.9% in the fourth quarter. Cottage Street Advisors LLC now owns 22,747 shares of the oil and gas company’s stock worth $3,295,000 after purchasing an additional 206 shares during the last quarter. Finally, Tyler Stone Wealth Management increased its stake in shares of Chevron by 29.0% in the fourth quarter. Tyler Stone Wealth Management now owns 5,380 shares of the oil and gas company’s stock worth $779,000 after buying an additional 1,209 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. Piper Sandler lowered their price target on 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 cut their price objective on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Chevron Stock Up 1.2 %

NYSE:CVX opened at $167.95 on Thursday. 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 firm’s 50-day moving average price is $156.87 and its 200-day moving average price is $153.11. The company has a market capitalization of $295.69 billion, a PE ratio of 17.28, a P/E/G ratio of 1.46 and a beta of 1.08. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $168.96.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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 return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the previous year, the firm posted $3.45 earnings per share. On average, equities analysts predict that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Friday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio (DPR) is 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.