Corps Capital Advisors LLC Makes New Investment in Chevron Co. (NYSE:CVX)

Corps Capital Advisors LLC purchased a new stake in Chevron Co. (NYSE:CVX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,293 shares of the oil and gas company's stock, valued at approximately $767,000.

A number of other institutional investors have also recently added to or reduced their stakes in CVX. SNS Financial Group LLC purchased a new position in Chevron in the 4th quarter valued at $210,000. Private Wealth Partners LLC lifted its holdings in Chevron by 2.8% in the 4th quarter. Private Wealth Partners LLC now owns 196,308 shares of the oil and gas company's stock valued at $28,433,000 after purchasing an additional 5,269 shares in the last quarter. Sterling Financial Planning Inc. lifted its holdings in Chevron by 16.3% in the 4th quarter. Sterling Financial Planning Inc. now owns 1,866 shares of the oil and gas company's stock valued at $270,000 after purchasing an additional 262 shares in the last quarter. Parthenon LLC lifted its holdings in Chevron by 1.3% in the 4th quarter. Parthenon LLC now owns 11,701 shares of the oil and gas company's stock valued at $1,695,000 after purchasing an additional 150 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Chevron by 65.2% in the 4th quarter. Private Advisor Group LLC now owns 394,608 shares of the oil and gas company's stock valued at $57,155,000 after purchasing an additional 155,798 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Down 1.2 %

NYSE CVX traded down $1.87 during trading hours on Friday, reaching $156.92. The company had a trading volume of 6,686,883 shares, compared to its average volume of 6,690,703. The stock has a 50-day moving average of $151.97 and a 200 day moving average of $151.05. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. 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 stock has a market capitalization of $282.00 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates 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 last year, the firm posted $3.45 earnings per share. As a group, research analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $1.71 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a yield of 4.36%. This is a boost from Chevron's previous quarterly dividend of $1.63. Chevron's dividend payout ratio is presently 70.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CVX shares. UBS Group decreased their price objective on Chevron from $195.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Citigroup upgraded Chevron from a "neutral" rating to a "buy" rating and raised their price objective for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Truist Financial decreased their price objective on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. 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. Finally, Raymond James reduced their price target on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. 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, Chevron currently has an average rating of "Moderate Buy" and a consensus target price of $174.13.

Insider Buying and Selling at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently 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.