5,351 Shares in Chevron Co. (NYSE:CVX) Acquired by Stonebrook Private Inc.

Stonebrook Private Inc. bought a new position in shares of Chevron Co. (NYSE:CVX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,351 shares of the oil and gas company’s stock, valued at approximately $798,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC lifted its holdings in shares of Chevron by 15.2% in the fourth quarter. Transcend Capital Advisors LLC now owns 33,858 shares of the oil and gas company’s stock valued at $5,050,000 after purchasing an additional 4,468 shares in the last quarter. Opinicus Capital Inc. purchased a new stake in shares of Chevron in the fourth quarter valued at $643,000. Unique Wealth Strategies LLC purchased a new stake in shares of Chevron in the fourth quarter valued at $366,000. Consolidated Planning Corp lifted its holdings in shares of Chevron by 4.9% in the fourth quarter. Consolidated Planning Corp now owns 29,778 shares of the oil and gas company’s stock valued at $4,442,000 after purchasing an additional 1,402 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at $203,000. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 0.4 %

Shares of CVX traded up $0.61 during trading hours on Friday, hitting $165.89. 9,736,350 shares of the stock were exchanged, compared to its average volume of 7,082,480. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The business has a 50-day moving average of $156.58 and a 200-day moving average of $151.73. The firm has a market capitalization of $308.10 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 2.44 and a beta of 1.12.

Chevron (NYSE:CVX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. Chevron had a net margin of 10.63% and a return on equity of 15.24%. 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 prior year, the firm earned $3.55 earnings per share. Chevron’s revenue was down 4.1% on a year-over-year basis. On average, research analysts expect that Chevron Co. will post 13.58 EPS for the current year.

Chevron Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on CVX. Royal Bank of Canada upped their price target on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Mizuho upped their price target on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $170.00 to $195.00 in a research note on Thursday, April 11th. Jefferies Financial Group raised shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research note on Monday, January 8th. Finally, TD Cowen downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $170.00 to $150.00 in a research report on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $184.75.

Insider Activity at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at $44,184.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

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.