Jump Financial LLC Sells 31,708 Shares of Chevron Co. (NYSE:CVX)

Jump Financial LLC decreased its stake in Chevron Co. (NYSE:CVX - Free Report) by 89.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,861 shares of the oil and gas company's stock after selling 31,708 shares during the period. Jump Financial LLC's holdings in Chevron were worth $559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in Chevron during the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Chevron during the 4th quarter valued at about $29,000. Fairway Wealth LLC lifted its position in Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after buying an additional 88 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in Chevron during the fourth quarter valued at approximately $39,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Chevron during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Insider Transactions at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the firm'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 transaction, the vice president now owns 1,057 shares of the company's stock, valued at $161,192.50. This trade represents a 89.82 % 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. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CVX shares. Raymond James reduced their price objective on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Scotiabank cut Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $160.00 to $143.00 in a research note on Friday, April 11th. Barclays lowered Chevron from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $171.00 to $152.00 in a research note on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of "Hold" and a consensus price target of $165.71.

Chevron Trading Down 0.4 %

NYSE:CVX opened at $136.70 on Thursday. The company has a 50 day simple moving average of $152.37 and a two-hundred day simple moving average of $153.10. The company has a market cap of $240.68 billion, a PE ratio of 14.06, a price-to-earnings-growth 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 Co. has a 12 month low of $132.04 and a 12 month high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates 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 period in the previous year, the firm posted $3.45 EPS. Research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $1.71 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 5.00%. Chevron's dividend payout ratio (DPR) is presently 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.

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