Baugh & Associates LLC Raises Stake in Chevron Co. (NYSE:CVX)

Baugh & Associates LLC raised its holdings in Chevron Co. (NYSE:CVX - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,141 shares of the oil and gas company's stock after purchasing an additional 2,054 shares during the quarter. Chevron comprises approximately 2.5% of Baugh & Associates LLC's portfolio, making the stock its 18th largest holding. Baugh & Associates LLC's holdings in Chevron were worth $4,902,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Chevron in the third quarter valued at about $29,000. Rational Advisors LLC acquired a new stake in Chevron in the third quarter valued at about $29,000. Darwin Wealth Management LLC purchased a new stake in Chevron in the 3rd quarter valued at approximately $30,000. RPg Family Wealth Advisory LLC acquired a new position in Chevron during the 3rd quarter worth approximately $31,000. Finally, Cyrus J. Lawrence LLC raised its stake in shares of Chevron by 66.7% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock worth $39,000 after buying an additional 100 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CVX shares. Truist Financial upped their price objective on Chevron from $160.00 to $164.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Royal Bank of Canada upped their price target on shares of Chevron from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Wells Fargo & Company raised their price objective on shares of Chevron from $171.00 to $188.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Scotiabank lowered their target price on shares of Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Finally, Raymond James lifted their price target on shares of Chevron from $175.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $175.27.

Chevron Trading Down 2.0 %

NYSE:CVX traded down $3.31 on Tuesday, reaching $158.16. The stock had a trading volume of 10,127,118 shares, compared to its average volume of 8,066,192. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The company has a market cap of $284.23 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 1.46 and a beta of 1.12. The firm's fifty day moving average is $154.03 and its two-hundred day moving average is $151.04. 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 announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.04. The business had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The company's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.05 earnings per share. Equities analysts expect that Chevron Co. will post 10.21 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.12%. Chevron's dividend payout ratio (DPR) is presently 71.65%.

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 164,600 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the transaction, the chief executive officer now owns 4,280 shares of the company's stock, valued at approximately $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.