1,591 Shares in Chevron Co. (NYSE:CVX) Purchased by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC purchased a new stake in Chevron Co. (NYSE:CVX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,591 shares of the oil and gas company's stock, valued at approximately $230,000.

A number of other institutional investors also recently modified their holdings of the business. United Bank grew its position in Chevron by 8.4% during the 3rd quarter. United Bank now owns 8,095 shares of the oil and gas company's stock worth $1,192,000 after acquiring an additional 629 shares during the last quarter. Truepoint Inc. acquired a new stake in shares of Chevron during the third quarter valued at about $203,000. StoneX Group Inc. grew its holdings in shares of Chevron by 9.8% during the third quarter. StoneX Group Inc. now owns 39,962 shares of the oil and gas company's stock worth $5,885,000 after purchasing an additional 3,576 shares during the last quarter. Sompo Asset Management Co. Ltd. increased its stake in shares of Chevron by 44.9% in the third quarter. Sompo Asset Management Co. Ltd. now owns 17,122 shares of the oil and gas company's stock valued at $2,522,000 after buying an additional 5,302 shares during the period. Finally, Managed Asset Portfolios LLC raised its holdings in Chevron by 2.6% in the 3rd quarter. Managed Asset Portfolios LLC now owns 126,767 shares of the oil and gas company's stock valued at $18,669,000 after buying an additional 3,231 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CVX shares. Citigroup upgraded shares of Chevron from a "neutral" rating to a "buy" rating and upped their price target for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. Truist Financial decreased their price objective on Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. UBS Group cut their target price on Chevron from $195.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price objective on Chevron from $188.00 to $184.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Chevron has an average rating of "Moderate Buy" and an average price target of $174.13.

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Insider Buying and Selling at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the firm'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 value of $1,422,062.50. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company's stock.

Chevron Stock Up 0.6 %

Chevron stock traded up $0.91 during mid-day trading on Tuesday, reaching $165.93. The stock had a trading volume of 7,865,154 shares, compared to its average volume of 7,337,986. The firm has a market capitalization of $292.14 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The stock's 50-day simple moving average is $156.49 and its 200-day simple moving average is $152.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

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

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $1.71 dividend. This is a boost 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 yield of 4.12%. Chevron's dividend payout ratio (DPR) is presently 70.37%.

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.