Culbertson A N & Co. Inc. Raises Holdings in Chevron Co. (NYSE:CVX)

Culbertson A N & Co. Inc. grew its stake in shares of Chevron Co. (NYSE:CVX - Free Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,087 shares of the oil and gas company's stock after buying an additional 4,475 shares during the quarter. Chevron accounts for approximately 1.4% of Culbertson A N & Co. Inc.'s portfolio, making the stock its 21st largest holding. Culbertson A N & Co. Inc.'s holdings in Chevron were worth $8,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Rational Advisors LLC bought a new stake in shares of Chevron in the third quarter worth about $29,000. Legacy Investment Solutions LLC bought a new stake in shares of Chevron in the third quarter worth about $29,000. Darwin Wealth Management LLC bought a new stake in shares of Chevron in the third quarter worth about $30,000. RPg Family Wealth Advisory LLC bought a new stake in Chevron during the 3rd quarter valued at approximately $31,000. Finally, Krane Funds Advisors LLC bought a new stake in Chevron during the 3rd quarter valued at approximately $47,000. 72.42% of the stock is owned by institutional investors.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the sale, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

Chevron Stock Performance

Shares of NYSE:CVX traded down $1.85 during midday trading on Wednesday, hitting $156.39. The company had a trading volume of 7,230,699 shares, compared to its average volume of 8,002,224. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The company has a market cap of $281.05 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.45 and a beta of 1.12. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The company has a fifty day moving average of $154.09 and a two-hundred day moving average of $151.07.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. Chevron's revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.05 EPS. On average, equities research analysts expect that Chevron Co. will post 10.18 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. Chevron's dividend payout ratio (DPR) is 71.65%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CVX. DZ Bank raised Chevron from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research report on Tuesday, November 5th. UBS Group lifted their price objective on Chevron from $194.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Scotiabank cut their price objective on Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Bank of America started coverage on Chevron in a research report on Thursday, October 17th. They set a "buy" rating and a $168.00 price objective on the stock. Finally, Raymond James boosted their price objective on shares of Chevron from $175.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $175.27.

Chevron 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.