Private Wealth Partners LLC Purchases 33,878 Shares of Chevron Co. (NYSE:CVX)

Private Wealth Partners LLC boosted its position in Chevron Co. (NYSE:CVX) by 21.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 193,134 shares of the oil and gas company’s stock after purchasing an additional 33,878 shares during the quarter. Chevron makes up approximately 2.4% of Private Wealth Partners LLC’s investment portfolio, making the stock its 13th largest holding. Private Wealth Partners LLC’s holdings in Chevron were worth $28,808,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of Chevron during the third quarter valued at about $26,000. Valley Forge Investment Consultants Inc. ADV increased its holdings in shares of Chevron by 80.0% during 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 acquiring an additional 80 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Chevron during the fourth quarter valued at about $33,000. Legacy Financial Group LLC acquired a new position in shares of Chevron during the third quarter valued at about $43,000. Finally, Roble Belko & Company Inc increased 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 worth $51,000 after buying an additional 150 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the transaction, the vice president now directly owns 276 shares of the company’s stock, valued at approximately $44,184.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX traded up $0.61 during midday trading on Friday, reaching $165.89. 9,736,350 shares of the company’s stock traded hands, compared to its average volume of 7,082,480. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The company has a market cap of $308.10 billion, a P/E ratio of 15.26, a PEG ratio of 2.44 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The company has a fifty day simple moving average of $156.58 and a two-hundred day simple moving average of $151.73.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. During the same quarter last year, the firm posted $3.55 EPS. The business’s revenue was down 4.1% on a year-over-year basis. Equities analysts predict that Chevron Co. will post 13.58 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.93%. Chevron’s dividend payout ratio (DPR) is 59.98%.

Analyst Ratings Changes

CVX has been the topic of several research reports. Raymond James increased their price target on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. DZ Bank downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a report on Tuesday, February 6th. TD Cowen downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $170.00 to $150.00 in a report on Tuesday, January 23rd. Barclays initiated coverage on shares of Chevron in a report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of Chevron from $185.00 to $198.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.75.

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.