Chevron Co. (NYSE:CVX) Shares Purchased by Compass Ion Advisors LLC

Compass Ion Advisors LLC grew its stake in shares of Chevron Co. (NYSE:CVX) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,121 shares of the oil and gas company’s stock after purchasing an additional 190 shares during the quarter. Compass Ion Advisors LLC’s holdings in Chevron were worth $887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CVX. Enhancing Capital LLC purchased a new stake in shares of Chevron during the 4th quarter valued at about $2,949,000. Generali Asset Management SPA SGR acquired a new stake in Chevron in the fourth quarter valued at approximately $11,771,000. Evoke Wealth LLC raised its stake in shares of Chevron by 5.9% during the fourth quarter. Evoke Wealth LLC now owns 43,672 shares of the oil and gas company’s stock valued at $6,326,000 after purchasing an additional 2,428 shares during the period. Horizon Investments LLC lifted its position in shares of Chevron by 2.7% during the fourth quarter. Horizon Investments LLC now owns 37,650 shares of the oil and gas company’s stock worth $5,453,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Carlson Capital Management boosted its stake in shares of Chevron by 6.6% in the fourth quarter. Carlson Capital Management now owns 3,350 shares of the oil and gas company’s stock valued at $485,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CVX shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. Wells Fargo & Company dropped their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Barclays reduced their price target on Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Piper Sandler dropped their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and increased their target price for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Buying and Selling

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction on Friday, February 7th. The shares were 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 owns 1,057 shares of the company’s stock, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Chevron Stock Up 1.3 %

Shares of NYSE:CVX opened at $160.81 on Wednesday. The company’s fifty day moving average is $155.49 and its two-hundred day moving average is $152.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The stock has a market capitalization of $283.12 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate 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 last year, the business posted $3.45 EPS. Equities analysts anticipate that Chevron Co. will post 10.79 EPS for the current 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. The ex-dividend date was Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a yield of 4.25%. This is a positive change from Chevron’s previous quarterly dividend of $1.63. Chevron’s payout ratio is currently 70.37%.

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.