Chevron Co. (NYSE:CVX) Shares Purchased by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Chevron Co. (NYSE:CVX) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,181 shares of the oil and gas company’s stock after purchasing an additional 347 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Chevron were worth $325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in shares of Chevron during the fourth quarter valued at about $121,000. Tidemark LLC acquired a new stake in shares of Chevron during the fourth quarter valued at about $285,000. Sand Hill Global Advisors LLC increased its position in shares of Chevron by 0.3% during the fourth quarter. Sand Hill Global Advisors LLC now owns 61,739 shares of the oil and gas company’s stock valued at $9,209,000 after acquiring an additional 169 shares during the last quarter. Delta Asset Management LLC TN increased its position in shares of Chevron by 2.8% during the fourth quarter. Delta Asset Management LLC TN now owns 12,809 shares of the oil and gas company’s stock valued at $1,911,000 after acquiring an additional 351 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Chevron during the fourth quarter valued at about $2,909,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Chevron from $156.00 to $166.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. Piper Sandler lifted their price target on shares of Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. HSBC lifted their price objective on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, UBS Group lifted their price objective on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.10.

Insider Buying and Selling at Chevron

In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $165.24, for a total value of $421,196.76. Following the transaction, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Enrique Hernandez, Jr. sold 5,098 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $163.50, for a total transaction of $833,523.00. Following the transaction, the director now directly owns 2,549 shares in the company, valued at approximately $416,761.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $165.24, for a total transaction of $421,196.76. Following the transaction, the director now owns 27,725 shares in the company, valued at $4,581,279. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,796 shares of company stock worth $2,575,361. Corporate insiders own 0.20% of the company’s stock.

Chevron Price Performance

Shares of Chevron stock traded up $0.54 on Thursday, hitting $158.11. The company’s stock had a trading volume of 2,347,633 shares, compared to its average volume of 8,133,253. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $160.15 and a 200-day moving average price of $152.38. The company has a market capitalization of $292.03 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.11.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. During the same period in the previous year, the firm earned $3.55 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Chevron Co. will post 13.57 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.12%. Chevron’s dividend payout ratio (DPR) is 59.98%.

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.