Chevron Co. (NYSE:CVX) Shares Purchased by Intrust Bank NA

Intrust Bank NA grew its holdings in Chevron Co. (NYSE:CVX - Free Report) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,042 shares of the oil and gas company's stock after acquiring an additional 2,237 shares during the period. Intrust Bank NA's holdings in Chevron were worth $5,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CVX. Life Planning Partners Inc purchased a new stake in Chevron in the 4th quarter worth about $25,000. IMG Wealth Management Inc. acquired a new position in shares of Chevron during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Chevron during the third quarter worth $29,000. Mizuho Securities Co. Ltd. purchased a new stake in Chevron in the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC grew its position in shares of Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.

Insider Buying and Selling at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction 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. This represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays reduced their price objective on Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their target price on Chevron from $188.00 to $184.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Piper Sandler decreased their price objective on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. UBS Group decreased their price target on shares of Chevron from $195.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial cut their target price on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Chevron presently has an average rating of "Moderate Buy" and an average price target of $174.13.

Chevron Trading Up 0.2 %

Shares of Chevron stock traded up $0.41 during trading hours on Tuesday, hitting $167.70. The company's stock had a trading volume of 2,417,794 shares, compared to its average volume of 7,606,613. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $295.25 billion, a PE ratio of 17.26, a P/E/G ratio of 1.46 and a beta of 1.08. The business has a fifty day moving average of $157.22 and a 200 day moving average of $153.80. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate 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 last year, the business earned $3.45 EPS. As a group, equities analysts forecast that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $1.71 per share. The ex-dividend date was Friday, February 14th. This is a boost from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 4.08%. Chevron's dividend payout ratio (DPR) is 70.37%.

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.