Blueprint Investment Partners LLC Raises Holdings in Chevron Co. (NYSE:CVX)

Blueprint Investment Partners LLC grew its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 75.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,779 shares of the oil and gas company's stock after buying an additional 2,062 shares during the period. Blueprint Investment Partners LLC's holdings in Chevron were worth $692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mosley Wealth Management grew its holdings in shares of Chevron by 9.2% in the 4th quarter. Mosley Wealth Management now owns 4,961 shares of the oil and gas company's stock worth $772,000 after acquiring an additional 418 shares during the last quarter. Guardian Partners Inc. acquired a new position in Chevron during the fourth quarter valued at $10,349,000. KLP Kapitalforvaltning AS purchased a new position in Chevron during the fourth quarter valued at approximately $75,635,000. Umpqua Bank lifted its position in Chevron by 7.3% in the 4th quarter. Umpqua Bank now owns 21,669 shares of the oil and gas company's stock worth $3,400,000 after buying an additional 1,469 shares in the last quarter. Finally, Sfmg LLC grew its holdings in shares of Chevron by 2.9% during the 4th quarter. Sfmg LLC now owns 9,784 shares of the oil and gas company's stock valued at $1,417,000 after acquiring an additional 274 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 owns 1,057 shares of the company's stock, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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Chevron Stock Performance

Shares of CVX traded up $0.52 during mid-day trading on Tuesday, hitting $165.54. The stock had a trading volume of 3,495,612 shares, compared to its average volume of 7,337,986. The business has a fifty day moving average price of $156.49 and a 200-day moving average price of $152.81. The firm has a market cap of $291.45 billion, a P/E ratio of 17.01, a PEG ratio of 1.46 and a beta of 1.08. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. 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 posted 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 net margin of 8.71% and a return on equity of 11.44%. During the same quarter in the previous year, the firm posted $3.45 EPS. On average, equities research analysts expect that Chevron Co. will post 10.79 EPS for the current 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. This represents a $6.84 annualized dividend and a yield of 4.13%. This is an increase from Chevron's previous quarterly dividend of $1.63. The ex-dividend date was Friday, February 14th. Chevron's dividend payout ratio (DPR) is presently 70.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CVX. Wells Fargo & Company reduced their price target on 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 target price on shares of Chevron in a research report on Monday, February 3rd. Truist Financial reduced their price objective on shares of Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. UBS Group decreased their price target on shares of Chevron from $195.00 to $194.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler dropped their price objective on Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, 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.