Arcadia Investment Management Corp MI Has $775,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Arcadia Investment Management Corp MI trimmed its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,349 shares of the oil and gas company's stock after selling 1,865 shares during the period. Arcadia Investment Management Corp MI's holdings in Chevron were worth $775,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Chevron in the third quarter worth about $29,000. Rational Advisors LLC acquired a new position in Chevron in the third quarter worth about $29,000. Darwin Wealth Management LLC acquired a new position in Chevron in the third quarter worth about $30,000. RPg Family Wealth Advisory LLC acquired a new position in Chevron in the third quarter worth about $31,000. Finally, New Wave Wealth Advisors LLC acquired a new position in Chevron in the fourth quarter worth about $39,000. 72.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CVX shares. Wells Fargo & Company dropped their price objective on shares of Chevron from $188.00 to $184.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a report on Tuesday, November 5th. Truist Financial dropped their price objective on shares of Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, Raymond James decreased their price target on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Chevron has an average rating of "Moderate Buy" and a consensus price target of $174.13.

Chevron Stock Down 1.2 %

Chevron stock traded down $1.87 during mid-day trading on Friday, reaching $156.92. The company's stock had a trading volume of 6,686,883 shares, compared to its average volume of 6,690,703. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The business's 50 day simple moving average is $151.97 and its 200 day simple moving average is $150.99. The company has a market capitalization of $282.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11.

Chevron (NYSE:CVX - Get Free Report) last announced 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 firm posted $3.45 EPS. As a group, research analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 4.36%. Chevron's payout ratio is 70.37%.

Insider Activity at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction 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 of the company's stock, valued at $161,192.50. The trade was a 89.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate 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.