Chevron Co. (NYSE:CVX) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise increased its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 13.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,017 shares of the oil and gas company's stock after buying an additional 8,772 shares during the quarter. Banque Cantonale Vaudoise's holdings in Chevron were worth $10,606,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Rational Advisors LLC purchased a new stake in Chevron during the 3rd quarter valued at approximately $29,000. Anfield Capital Management LLC raised its stake in shares of Chevron by 118.0% during the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC lifted its holdings in shares of Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 100 shares during the period. Krane Funds Advisors LLC purchased a new position in Chevron in the 3rd quarter valued at $47,000. Finally, Livelsberger Financial Advisory acquired a new position in Chevron in the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Price Performance

Shares of NYSE:CVX traded down $1.15 on Tuesday, hitting $159.61. The company had a trading volume of 4,656,781 shares, compared to its average volume of 7,657,261. 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 company has a market cap of $286.83 billion, a PE ratio of 17.52, a PEG ratio of 3.63 and a beta of 1.09. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. The business has a 50 day moving average of $149.80 and a 200 day moving average of $152.57.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to analysts' expectations of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $3.05 EPS. As a group, equities analysts anticipate that Chevron Co. will post 10.55 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Monday, November 18th. Chevron's dividend payout ratio is presently 71.65%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 target price on the stock in a report on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on Chevron from $196.00 to $169.00 and set an "overweight" rating on the stock in a report on Friday, September 27th. Bank of America began coverage on Chevron in a research note on Thursday, October 17th. They set a "buy" rating and a $168.00 target price for the company. UBS Group lifted their price target on Chevron from $192.00 to $194.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, Truist Financial increased their price objective on Chevron from $150.00 to $155.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.93.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the transaction, the chief executive officer now owns 4,280 shares in the company, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. 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 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.