Fort Washington Investment Advisors Inc. OH Purchases 70,831 Shares of Chevron Co. (NYSE:CVX)

Fort Washington Investment Advisors Inc. OH grew its stake in Chevron Co. (NYSE:CVX - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 506,134 shares of the oil and gas company's stock after purchasing an additional 70,831 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Chevron were worth $73,308,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 164,600 shares of the firm's 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 directly owns 4,280 shares in the company, valued at $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Chevron Trading Down 1.2 %

Shares of Chevron stock opened at $156.39 on Thursday. 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 company has a fifty day moving average of $154.05 and a 200 day moving average of $151.11. The company has a market capitalization of $281.05 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.39 and a beta of 1.12. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm had revenue of $50.67 billion for the quarter, compared to analysts' expectations of $48.86 billion. During the same quarter last year, the business posted $3.05 earnings per share. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Monday, November 18th. Chevron's payout ratio is 71.65%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVX. Royal Bank of Canada raised their price target on Chevron from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Citigroup upgraded shares of 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 research note on Tuesday, November 26th. Truist Financial increased their price target on shares of Chevron from $160.00 to $164.00 and gave the company a "hold" rating in a report on Monday, January 13th. UBS Group upped 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. Finally, Scotiabank dropped 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. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Chevron currently has an average rating of "Moderate Buy" and an average price target 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.