Trust Co of Kansas Buys 290 Shares of Chevron Co. (NYSE:CVX)

Trust Co of Kansas lifted its position in Chevron Co. (NYSE:CVX) by 22.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,572 shares of the oil and gas company’s stock after buying an additional 290 shares during the quarter. Trust Co of Kansas’ holdings in Chevron were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CVX. Picton Mahoney Asset Management acquired a new position in shares of Chevron during the 3rd quarter worth approximately $26,000. Valley Forge Investment Consultants Inc. ADV raised its position in shares of Chevron by 80.0% in the third 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 period. Valued Wealth Advisors LLC acquired a new stake in shares of Chevron during the 4th quarter worth about $33,000. Legacy Financial Group LLC bought a new stake in shares of Chevron during the 3rd quarter worth about $43,000. Finally, Roble Belko & Company Inc raised its holdings in Chevron by 77.3% in the 4th quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock valued at $51,000 after acquiring an additional 150 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $44,184.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Chevron Stock Up 0.6 %

NYSE CVX traded up $0.93 on Tuesday, reaching $162.85. The company had a trading volume of 5,533,631 shares, compared to its average volume of 8,431,420. The stock has a market capitalization of $302.46 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.36 and a beta of 1.12. The company’s fifty day moving average is $155.63 and its 200 day moving average is $151.66. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $172.38. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. The business 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%. Chevron’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.09 EPS. Sell-side analysts anticipate that Chevron Co. will post 13.58 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given 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 dividend yield of 4.00%. Chevron’s dividend payout ratio (DPR) is currently 57.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CVX. Truist Financial decreased their price objective on Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Scotiabank upgraded Chevron from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. TD Cowen cut Chevron from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $170.00 to $150.00 in a research report on Tuesday, January 23rd. Jefferies Financial Group upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research note on Monday, January 8th. Finally, DZ Bank cut shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a research note on Tuesday, February 6th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.75.

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.