Foundations Investment Advisors LLC Grows Position in Chevron Co. (NYSE:CVX)

Foundations Investment Advisors LLC boosted its stake in Chevron Co. (NYSE:CVX - Free Report) by 13.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,082 shares of the oil and gas company's stock after buying an additional 16,706 shares during the quarter. Foundations Investment Advisors LLC's holdings in Chevron were worth $20,434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Quarry LP raised its holdings in shares of Chevron by 172.2% in the 2nd quarter. Quarry LP now owns 411 shares of the oil and gas company's stock worth $64,000 after purchasing an additional 260 shares during the period. Next Capital Management LLC lifted its position in shares of Chevron by 22.9% during the 2nd quarter. Next Capital Management LLC now owns 2,012 shares of the oil and gas company's stock valued at $315,000 after buying an additional 375 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Chevron by 1.5% during the 2nd quarter. Pathway Financial Advisers LLC now owns 24,614 shares of the oil and gas company's stock worth $3,832,000 after acquiring an additional 372 shares during the period. McGinn Penninger Investment Management Inc. raised its stake in Chevron by 1.9% in the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 28,818 shares of the oil and gas company's stock valued at $4,508,000 after acquiring an additional 540 shares during the period. Finally, SPC Financial Inc. lifted its holdings in Chevron by 23.8% during the second quarter. SPC Financial Inc. now owns 5,671 shares of the oil and gas company's stock valued at $887,000 after purchasing an additional 1,092 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chevron

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Scotiabank lowered their price target on shares of Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company boosted their price objective on Chevron from $171.00 to $188.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Bank of America started coverage on Chevron in a research note on Thursday, October 17th. They issued a "buy" rating and a $168.00 target price for the company. Citigroup raised shares of Chevron from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Finally, DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.27.

Chevron Stock Performance

Shares of NYSE CVX traded down $0.42 during midday trading on Wednesday, hitting $155.79. 5,628,990 shares of the stock traded hands, compared to its average volume of 7,622,748. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The firm has a 50-day moving average of $153.67 and a two-hundred day moving average of $151.13. 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 firm has a market capitalization of $279.97 billion, a P/E ratio of 17.12, a PEG ratio of 1.37 and a beta of 1.12.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating 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 net margin of 8.44% and a return on equity of 13.15%. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.05 EPS. On average, equities analysts forecast that Chevron Co. will post 10.18 EPS for the current fiscal year.

Chevron Dividend Announcement

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 was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.19%. Chevron's dividend payout ratio (DPR) is 71.65%.

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.