KDK Private Wealth Management LLC Purchases Shares of 4,288 Chevron Co. (NYSE:CVX)

KDK Private Wealth Management LLC bought a new stake in Chevron Co. (NYSE:CVX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,288 shares of the oil and gas company's stock, valued at approximately $621,000. Chevron makes up approximately 0.6% of KDK Private Wealth Management LLC's holdings, making the stock its 29th biggest position.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Chevron during the 4th quarter valued at about $3,017,750,000. Raymond James Financial Inc. purchased a new stake in Chevron in the fourth quarter valued at approximately $1,036,302,000. Bank of New York Mellon Corp increased its position in Chevron by 17.3% during the fourth quarter. Bank of New York Mellon Corp now owns 16,496,687 shares of the oil and gas company's stock worth $2,389,380,000 after purchasing an additional 2,432,756 shares during the last quarter. Amundi raised its stake in Chevron by 27.7% during the fourth quarter. Amundi now owns 8,806,050 shares of the oil and gas company's stock worth $1,323,549,000 after purchasing an additional 1,910,262 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Chevron by 6.9% during the 4th quarter. Invesco Ltd. now owns 15,027,474 shares of the oil and gas company's stock worth $2,176,579,000 after buying an additional 964,426 shares during the last quarter. Institutional investors and hedge funds 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 business'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 in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

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Chevron Stock Performance

NYSE:CVX traded down $0.62 during trading hours on Tuesday, reaching $134.70. 4,521,015 shares of the stock were exchanged, compared to its average volume of 7,873,580. The stock has a market capitalization of $237.15 billion, a P/E ratio of 13.86, a P/E/G ratio of 1.46 and a beta of 0.93. The firm has a 50 day simple moving average of $154.99 and a 200-day simple moving average of $153.82. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share 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 in the prior year, the business posted $3.45 EPS. As a group, sell-side analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a yield of 5.08%. This is a positive change from Chevron's previous quarterly dividend of $1.63. Chevron's payout ratio is currently 70.37%.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of research reports. Piper Sandler lowered their price target on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Barclays dropped their target price on shares of Chevron from $174.00 to $171.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. BNP Paribas downgraded shares of Chevron to a "cautious" rating in a research note on Tuesday. Wells Fargo & Company cut their target price on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $175.00 price target on shares of Chevron in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.50.

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.