Chevron Co. (NYSE:CVX) Shares Bought by Allen Capital Group LLC

Allen Capital Group LLC boosted its stake in Chevron Co. (NYSE:CVX - Free Report) by 10.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,414 shares of the oil and gas company's stock after purchasing an additional 2,701 shares during the period. Allen Capital Group LLC's holdings in Chevron were worth $4,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Tacita Capital Inc boosted its stake in Chevron by 16.7% in the 3rd quarter. Tacita Capital Inc now owns 454 shares of the oil and gas company's stock valued at $67,000 after buying an additional 65 shares in the last quarter. Wallace Capital Management Inc. grew its stake in Chevron by 0.8% during the third quarter. Wallace Capital Management Inc. now owns 8,229 shares of the oil and gas company's stock worth $1,212,000 after buying an additional 65 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in shares of Chevron by 0.3% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 19,769 shares of the oil and gas company's stock worth $2,911,000 after acquiring an additional 67 shares in the last quarter. S.A. Mason LLC lifted its position in Chevron by 0.7% during the 3rd quarter. S.A. Mason LLC now owns 9,033 shares of the oil and gas company's stock worth $1,330,000 after buying an additional 67 shares in the last quarter. Finally, Jag Capital Management LLC lifted its position in Chevron by 5.2% during the 3rd quarter. Jag Capital Management LLC now owns 1,366 shares of the oil and gas company's stock valued at $201,000 after purchasing an additional 67 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Chevron from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a research report on Tuesday, November 5th. UBS Group increased their price target on Chevron from $194.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Piper Sandler cut their price objective on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Truist Financial lifted their price objective on shares of Chevron from $160.00 to $164.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.27.

Insider Activity

In related news, CEO Michael K. Wirth sold 164,600 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the sale, the chief executive officer now owns 4,280 shares of the company's stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company's stock.

Chevron Stock Up 0.5 %

NYSE:CVX traded up $0.83 during mid-day trading on Thursday, hitting $156.52. 2,791,440 shares of the company's stock were exchanged, compared to its average volume of 7,361,073. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The business has a fifty day moving average price of $153.56 and a 200 day moving average price of $151.16. The company has a market cap of $281.27 billion, a PE ratio of 17.20, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. Chevron's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.05 earnings per share. Equities analysts predict that Chevron Co. will post 10.18 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Monday, November 18th. Chevron's dividend payout ratio is currently 71.65%.

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.