Chevron Co. (NYSE:CVX) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its stake in shares of Chevron Co. (NYSE:CVX) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,160 shares of the oil and gas company’s stock after selling 236 shares during the period. Stanley Laman Group Ltd.’s holdings in Chevron were worth $3,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CVX. Picton Mahoney Asset Management acquired a new position in Chevron in the 3rd quarter valued at about $26,000. Valley Forge Investment Consultants Inc. ADV raised its position in shares of Chevron by 80.0% during 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 buying an additional 80 shares during the period. Valued Wealth Advisors LLC acquired a new position in Chevron in the fourth quarter valued at approximately $33,000. Legacy Financial Group LLC acquired a new position in shares of Chevron in the 3rd quarter valued at $43,000. Finally, Roble Belko & Company Inc lifted its position in Chevron by 77.3% in the fourth quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the subject of several research analyst reports. Truist Financial lowered their price target on Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Barclays assumed coverage on shares of Chevron in a research note on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price target on the stock. TD Cowen lowered shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Royal Bank of Canada lifted their target price on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, Mizuho increased their price objective on shares of Chevron from $195.00 to $200.00 and gave the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average price target of $184.75.

Chevron Stock Performance

Shares of NYSE CVX traded up $1.70 during trading hours on Thursday, reaching $165.27. The stock had a trading volume of 9,694,216 shares, compared to its average volume of 8,464,199. The firm has a market cap of $306.95 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.40 and a beta of 1.12. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70. The firm has a 50-day moving average of $156.35 and a 200-day moving average of $151.84. 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 earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. During the same period last year, the firm posted $4.09 earnings per share. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. Equities research analysts predict that Chevron Co. will post 13.58 earnings per share for the current 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 issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s dividend payout ratio is presently 57.39%.

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.