Farringdon Capital Ltd. Invests $1.75 Million in Chevron Co. (NYSE:CVX)

Farringdon Capital Ltd. bought a new stake in Chevron Co. (NYSE:CVX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,055 shares of the oil and gas company's stock, valued at approximately $1,746,000. Chevron comprises about 0.7% of Farringdon Capital Ltd.'s holdings, making the stock its 18th biggest position.

Other large investors also recently modified their holdings of the company. Life Planning Partners Inc bought a new stake in Chevron in the 4th quarter valued at $25,000. IMG Wealth Management Inc. bought a new position in shares of Chevron during the 4th quarter worth about $25,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Chevron during the fourth quarter valued at about $29,000. Fairway Wealth LLC lifted its stake in shares of Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after buying an additional 88 shares during the period. Finally, New Wave Wealth Advisors LLC acquired a new stake in Chevron during the fourth quarter worth about $39,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 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 directly owns 1,057 shares of the company's stock, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Chevron Trading Up 1.7 %

Shares of NYSE:CVX traded up $2.32 during trading on Friday, hitting $137.68. 8,423,604 shares of the company's stock were exchanged, compared to its average volume of 7,924,904. The firm has a 50-day moving average price of $153.54 and a two-hundred day moving average price of $153.42. Chevron Co. has a 1-year low of $132.04 and a 1-year high of $168.96. The firm has a market cap of $242.39 billion, a P/E ratio of 14.16, a PEG ratio of 1.46 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

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 (EPS) 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 period in the prior year, the firm posted $3.45 EPS. Equities analysts predict that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $6.84 annualized dividend and a dividend yield of 4.97%. Chevron's payout ratio is 70.37%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CVX shares. Barclays reduced their price objective on Chevron from $174.00 to $171.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler reduced their target price on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. UBS Group lowered their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. BNP Paribas cut Chevron to a "cautious" rating in a report on Tuesday. Finally, Scotiabank downgraded shares of Chevron from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $160.00 to $143.00 in a report on Friday, April 11th. One investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.50.

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.