Aviva PLC Acquires 12,103 Shares of Chevron Co. (NYSE:CVX)

Aviva PLC grew its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,046,475 shares of the oil and gas company's stock after buying an additional 12,103 shares during the period. Aviva PLC owned approximately 0.06% of Chevron worth $151,571,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. United Bank boosted its holdings in Chevron by 8.4% in the third quarter. United Bank now owns 8,095 shares of the oil and gas company's stock worth $1,192,000 after acquiring an additional 629 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in Chevron during the 3rd quarter valued at $2,370,000. Texas Capital Bank Wealth Management Services Inc raised its holdings in Chevron by 87.7% during the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,708 shares of the oil and gas company's stock worth $841,000 after buying an additional 2,667 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Chevron by 1,202.3% in the third quarter. Two Sigma Advisers LP now owns 245,563 shares of the oil and gas company's stock valued at $36,164,000 after buying an additional 226,707 shares in the last quarter. Finally, Wills Financial Group Inc. grew its holdings in shares of Chevron by 5.0% during the third quarter. Wills Financial Group Inc. now owns 38,004 shares of the oil and gas company's stock valued at $5,597,000 after buying an additional 1,817 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Insider Buying and Selling at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company's stock.

Chevron Stock Performance

NYSE CVX traded down $0.21 on Wednesday, hitting $136.72. 5,708,135 shares of the stock traded hands, compared to its average volume of 7,752,141. 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 fifty day moving average is $156.26 and its two-hundred day moving average is $154.03. Chevron Co. has a 12 month low of $132.18 and a 12 month high of $168.96. The firm has a market capitalization of $240.71 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.46 and a beta of 0.93.

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 for the quarter, missing the consensus estimate 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 previous year, the business posted $3.45 earnings per share. As a group, equities analysts anticipate that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $1.71 dividend. The ex-dividend date of this dividend was 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 5.00%. Chevron's dividend payout ratio (DPR) is 70.37%.

Wall Street Analyst Weigh In

CVX has been the topic of a number of analyst reports. Truist Financial dropped their price target on shares of Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on Chevron from $188.00 to $184.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $175.00 target price on shares of Chevron in a research report on Monday, February 3rd. Raymond James lowered their price target on Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Finally, Barclays cut their price objective on shares of Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chevron presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.53.

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.