Chevron Co. (NYSE:CVX) Shares Acquired by HF Advisory Group LLC

HF Advisory Group LLC boosted its position in shares of Chevron Co. (NYSE:CVX) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,875 shares of the oil and gas company’s stock after buying an additional 551 shares during the period. HF Advisory Group LLC’s holdings in Chevron were worth $429,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CVX. Picton Mahoney Asset Management acquired a new position in Chevron during the third quarter worth approximately $26,000. Valley Forge Investment Consultants Inc. ADV grew its stake in shares of Chevron by 80.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Chevron in the 4th quarter valued at approximately $33,000. Worth Asset Management LLC purchased a new position in shares of Chevron in the 1st quarter valued at approximately $36,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Chevron in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares in the company, valued at $44,184.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Chevron Stock Performance

Chevron stock opened at $157.49 on Friday. The firm has a market capitalization of $292.50 billion, a P/E ratio of 13.86, a PEG ratio of 2.36 and a beta of 1.12. The stock has a fifty day moving average price of $155.26 and a 200 day moving average price of $151.90. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $172.38. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.19 by $0.26. The company had revenue of $47.18 billion during the quarter, compared to analyst estimates of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm’s revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.09 earnings per share. Equities research analysts anticipate that Chevron Co. will post 13.27 earnings per share for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 4.14%. Chevron’s dividend payout ratio is currently 57.39%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Truist Financial decreased their price target on Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. TD Cowen downgraded Chevron from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $170.00 to $150.00 in a research report on Tuesday, January 23rd. Jefferies Financial Group upgraded Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Monday, January 8th. Piper Sandler boosted their target price on Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Mizuho boosted their target price on Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and an average target price of $184.75.

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.