Liberty One Investment Management LLC Acquires 2,265 Shares of Chevron Co. (NYSE:CVX)

Liberty One Investment Management LLC increased its holdings in Chevron Co. (NYSE:CVX - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,570 shares of the oil and gas company's stock after purchasing an additional 2,265 shares during the quarter. Liberty One Investment Management LLC's holdings in Chevron were worth $3,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in shares of Chevron in the 3rd quarter valued at $29,000. Rational Advisors LLC purchased a new stake in Chevron during the third quarter valued at about $29,000. Darwin Wealth Management LLC acquired a new position in shares of Chevron in the third quarter worth about $30,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Chevron in the third quarter worth approximately $31,000. Finally, Cyrus J. Lawrence LLC raised 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 valued at $39,000 after acquiring an additional 100 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Up 1.4 %

Shares of Chevron stock traded up $2.16 during midday trading on Monday, reaching $161.54. 9,233,657 shares of the company's stock traded hands, compared to its average volume of 7,835,055. The company has a market cap of $290.30 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The company's 50 day simple moving average is $153.93 and its 200 day simple moving average is $151.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion during the quarter, compared to analysts' expectations of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.05 earnings per share. Equities analysts expect that Chevron Co. will post 10.39 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued 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 4.04%. Chevron's dividend payout ratio (DPR) is presently 71.65%.

Insider Activity

In related news, CEO Michael K. Wirth sold 164,600 shares of the firm's 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 directly owns 4,280 shares in the company, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

CVX has been the subject of a number of recent analyst reports. Bank of America assumed coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a "buy" rating and a $168.00 price objective for the company. DZ Bank upgraded Chevron from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a report on Tuesday, November 5th. Scotiabank reduced their price objective on Chevron from $180.00 to $163.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada lifted their target price on Chevron from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Barclays increased their price target on shares of Chevron from $168.00 to $174.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $175.27.

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.