Chevron Co. (NYSE:CVX) Shares Purchased by Mariner LLC

Mariner LLC lifted its stake in shares of Chevron Co. (NYSE:CVX - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,687,195 shares of the oil and gas company's stock after buying an additional 79,327 shares during the quarter. Mariner LLC owned approximately 0.09% of Chevron worth $244,338,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CVX. Life Planning Partners Inc acquired a new position in shares of Chevron in the 4th quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in Chevron in the fourth quarter valued at $25,000. Mizuho Securities Co. Ltd. acquired a new position in Chevron in the fourth quarter valued at $29,000. Fairway Wealth LLC raised its holdings 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 buying an additional 88 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Chevron during the fourth quarter worth about $39,000. Institutional investors and hedge funds 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 on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value 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. This represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

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Chevron Stock Down 0.6 %

Chevron stock traded down $0.77 during trading on Tuesday, reaching $134.55. 9,318,593 shares of the company's stock were exchanged, compared to its average volume of 7,894,054. Chevron Co. has a 52-week low of $132.04 and a 52-week high of $168.96. The firm has a market cap of $236.88 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.46 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The company's 50-day moving average is $154.99 and its two-hundred day moving average is $153.82.

Chevron (NYSE:CVX - Get Free Report) last issued 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 return on equity of 11.44% and a net margin of 8.71%. During the same period in the previous year, the company posted $3.45 earnings per share. On average, analysts predict that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $1.71 dividend. This is an increase 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 5.08%. Chevron's dividend payout ratio (DPR) is 70.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CVX shares. Truist Financial dropped their price objective on shares of Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Scotiabank cut Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the company from $160.00 to $143.00 in a research report on Friday. Barclays cut their price objective on Chevron from $174.00 to $171.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. UBS Group reduced their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, BNP Paribas cut Chevron to a "cautious" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chevron currently 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.