Americana Partners LLC Acquires 162,577 Shares of Chevron Co. (NYSE:CVX)

Americana Partners LLC lifted its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 179.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 253,221 shares of the oil and gas company's stock after purchasing an additional 162,577 shares during the period. Chevron accounts for about 1.5% of Americana Partners LLC's portfolio, making the stock its 13th largest position. Americana Partners LLC's holdings in Chevron were worth $36,677,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Kerusso Capital Management LLC bought a new stake in shares of Chevron during the fourth quarter worth $1,576,000. Sierra Ocean LLC bought a new stake in shares of Chevron during the fourth quarter worth $111,000. Pathway Financial Advisors LLC grew its holdings in shares of Chevron by 29.1% during the fourth quarter. Pathway Financial Advisors LLC now owns 1,958 shares of the oil and gas company's stock worth $284,000 after purchasing an additional 441 shares during the last quarter. MOKAN Wealth Management Inc. bought a new stake in shares of Chevron during the fourth quarter worth $268,000. Finally, Csenge Advisory Group grew its holdings in shares of Chevron by 5.9% during the fourth quarter. Csenge Advisory Group now owns 31,189 shares of the oil and gas company's stock worth $4,517,000 after purchasing an additional 1,738 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Stock Up 0.7 %

Shares of NYSE CVX traded up $1.04 during mid-day trading on Wednesday, reaching $157.20. 2,926,720 shares of the company's stock were exchanged, compared to its average volume of 7,356,123. The firm has a market capitalization of $282.50 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.43 and a beta of 1.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $151.80 and a 200 day simple moving average of $150.81. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period in the prior year, the company earned $3.45 EPS. As a group, equities analysts expect that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $1.71 per share. The ex-dividend date is Friday, February 14th. This is an increase from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.35%. Chevron's dividend payout ratio (DPR) is presently 70.37%.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the transaction, the vice president now directly owns 1,057 shares in the company, valued at $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on CVX. Citigroup upgraded Chevron from a "neutral" rating to a "buy" rating and increased their target price for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. Piper Sandler decreased their price target on Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $175.00 price target on shares of Chevron in a report on Monday, February 3rd. UBS Group decreased their price target on Chevron from $195.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Finally, Truist Financial decreased their price target on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $174.13.

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.