9,589 Shares in Chevron Co. (NYSE:CVX) Purchased by Entruity Wealth LLC

Entruity Wealth LLC purchased a new position in shares of Chevron Co. (NYSE:CVX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,589 shares of the oil and gas company's stock, valued at approximately $1,389,000. Chevron comprises 1.4% of Entruity Wealth LLC's investment portfolio, making the stock its 19th biggest holding.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Chevron by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 36,269,270 shares of the oil and gas company's stock worth $5,247,142,000 after acquiring an additional 392,916 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Chevron by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,855,566 shares of the oil and gas company's stock valued at $4,613,960,000 after buying an additional 746,806 shares during the period. Norges Bank acquired a new position in Chevron during the 4th quarter worth approximately $3,017,750,000. Fisher Asset Management LLC grew its stake in Chevron by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,892,848 shares of the oil and gas company's stock valued at $2,881,280,000 after acquiring an additional 410,460 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Chevron by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 17,280,105 shares of the oil and gas company's stock worth $2,502,850,000 after purchasing an additional 79,917 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

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Chevron Stock Performance

NYSE:CVX traded up $0.87 during trading hours on Wednesday, reaching $135.41. The stock had a trading volume of 8,628,837 shares, compared to its average volume of 7,896,978. Chevron Co. has a 12-month low of $132.04 and a 12-month high of $168.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock has a 50 day simple moving average of $154.64 and a 200 day simple moving average of $153.69. The stock has a market cap of $238.40 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the prior year, the business posted $3.45 EPS. On average, research analysts forecast that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $1.71 dividend. This is a positive change from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Friday, February 14th. Chevron's dividend payout ratio (DPR) is presently 70.37%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CVX. UBS Group reduced their price objective on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Scotiabank lowered Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $160.00 to $143.00 in a report on Friday, April 11th. Raymond James dropped their target price on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Piper Sandler decreased their price target on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Finally, Wells Fargo & Company 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 Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $169.50.

Insider Activity

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was 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 in the company, valued at $161,192.50. This trade represents a 89.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

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.