Mayflower Financial Advisors LLC Purchases 4,289 Shares of Chevron Co. (NYSE:CVX)

Mayflower Financial Advisors LLC boosted its position in Chevron Co. (NYSE:CVX - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,585 shares of the oil and gas company's stock after buying an additional 4,289 shares during the quarter. Mayflower Financial Advisors LLC's holdings in Chevron were worth $3,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CVX. Legacy Investment Solutions LLC bought a new position in Chevron during the 3rd quarter worth approximately $29,000. Rational Advisors LLC purchased a new stake in shares of Chevron during the third quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new position in shares of Chevron in the third quarter worth approximately $30,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Chevron in the third quarter worth $31,000. Finally, Livelsberger Financial Advisory bought a new stake in Chevron during the 3rd quarter valued at $47,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 0.3 %

Shares of Chevron stock traded up $0.50 during midday trading on Thursday, hitting $156.19. The company had a trading volume of 6,924,269 shares, compared to its average volume of 7,585,947. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. 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 stock has a market capitalization of $280.68 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a 50 day moving average of $153.56 and a 200 day moving average of $151.16.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company's revenue was down 6.3% on a year-over-year basis. During the same period last year, the company earned $3.05 earnings per share. On average, equities analysts predict that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. Chevron's dividend payout ratio is presently 71.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. DZ Bank upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research report on Tuesday, November 5th. UBS Group upped their price target on Chevron from $194.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada lifted their price objective on Chevron from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Piper Sandler decreased their target price on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Finally, Scotiabank cut their price target on shares of Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Chevron has an average rating of "Moderate Buy" and an average target price of $175.27.

Insider Activity

In related news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the sale, the chief executive officer now directly owns 4,280 shares of the company's stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

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.