Chevron Co. (NYSE:CVX) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. reduced its stake in Chevron Co. (NYSE:CVX - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,493 shares of the oil and gas company's stock after selling 1,890 shares during the quarter. Chevron accounts for 2.0% of Kampmann Melissa S.'s investment portfolio, making the stock its 28th largest position. Kampmann Melissa S.'s holdings in Chevron were worth $2,534,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Life Planning Partners Inc acquired a new stake in shares of Chevron in the fourth quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in Chevron in the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new stake in Chevron during the third quarter worth about $29,000. Darwin Wealth Management LLC acquired a new stake in shares of Chevron during the third quarter worth about $30,000. Finally, Fairway Wealth LLC boosted its stake in shares of Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 72.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CVX shares. Citigroup raised shares of Chevron from a "neutral" rating to a "buy" rating and upped their target price for the stock from $145.00 to $185.00 in a research note on Tuesday, November 26th. Royal Bank of Canada reiterated an "outperform" rating and issued a $175.00 price objective on shares of Chevron in a research note on Monday, February 3rd. 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 reduced their price target on Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Finally, Raymond James cut their target price on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Chevron has a consensus rating of "Moderate Buy" and a consensus target price of $174.13.

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Chevron Stock Down 0.2 %

Shares of Chevron stock traded down $0.40 during trading hours on Friday, hitting $164.37. The company had a trading volume of 21,579,196 shares, compared to its average volume of 7,336,455. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The company's 50-day moving average is $156.29 and its two-hundred day moving average is $152.57. The company has a market cap of $289.39 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data 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. Analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently declared 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. This represents a $6.84 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Friday, February 14th. This is an increase from Chevron's previous quarterly dividend of $1.63. Chevron's dividend payout ratio (DPR) is currently 70.37%.

Insiders Place Their Bets

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 shares were sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

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.