BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 14,909 Shares of Chevron Co. (NYSE:CVX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Chevron Co. (NYSE:CVX - Free Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 436,127 shares of the oil and gas company's stock after buying an additional 14,909 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Chevron were worth $64,228,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Rational Advisors LLC acquired a new position in shares of Chevron during the 3rd quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in Chevron during the third quarter worth about $30,000. Anfield Capital Management LLC increased its position in 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 buying an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC raised its stake in Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock valued at $39,000 after buying an additional 100 shares during the period. Finally, Krane Funds Advisors LLC acquired a new stake in shares of Chevron in the third quarter valued at approximately $47,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CVX shares. Scotiabank dropped their price target on Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price objective on shares of Chevron from $196.00 to $169.00 and set an "overweight" rating on the stock in a research report on Friday, September 27th. Bank of America started coverage on shares of Chevron in a report on Thursday, October 17th. They set a "buy" rating and a $168.00 target price for the company. Truist Financial increased their price target on shares of Chevron from $150.00 to $155.00 and gave the company a "hold" rating in a report on Monday, November 4th. Finally, Barclays boosted their price objective on Chevron from $168.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $174.93.

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 164,600 shares of Chevron 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 sale, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

Chevron Trading Up 0.2 %

Shares of Chevron stock opened at $161.58 on Friday. The firm's 50-day moving average price is $151.14 and its two-hundred day moving average price is $152.69. The company has a market capitalization of $290.37 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.59 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. 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, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business had revenue of $50.67 billion for the quarter, compared to analysts' expectations of $48.86 billion. During the same period last year, the firm posted $3.05 earnings per share. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. On average, analysts forecast that Chevron Co. will post 10.55 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.04%. Chevron's dividend payout ratio is currently 71.65%.

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.