Chevron Co. (NYSE:CVX) Shares Bought by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. grew its stake in Chevron Co. (NYSE:CVX - Free Report) by 60.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,495 shares of the oil and gas company's stock after acquiring an additional 19,466 shares during the quarter. Chevron comprises approximately 1.5% of Mission Creek Capital Partners Inc.'s investment portfolio, making the stock its 15th biggest position. Mission Creek Capital Partners Inc.'s holdings in Chevron were worth $7,459,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CVX. Allianz SE acquired a new position in shares of Chevron in the 4th quarter worth approximately $9,369,000. Nicholas Company Inc. raised its position in Chevron by 4.3% in the 4th quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock valued at $11,591,000 after purchasing an additional 3,280 shares in the last quarter. Applied Finance Capital Management LLC lifted its stake in Chevron by 1.6% in the fourth quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company's stock worth $26,044,000 after acquiring an additional 2,755 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Chevron by 4.5% during the fourth quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company's stock worth $174,817,000 after purchasing an additional 52,307 shares in the last quarter. Finally, Dale Q Rice Investment Management Ltd purchased a new stake in Chevron during the fourth quarter worth approximately $594,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays downgraded shares of Chevron from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $171.00 to $152.00 in a research report on Wednesday, April 23rd. UBS Group dropped their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Redburn Atlantic reaffirmed a "sell" rating and issued a $124.00 price target (down previously from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Truist Financial reduced their target price on shares of Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Chevron presently has a consensus rating of "Hold" and a consensus target price of $165.71.

Chevron Trading Down 0.6 %

CVX stock traded down $0.80 during trading on Tuesday, reaching $139.30. 7,337,270 shares of the stock traded hands, compared to its average volume of 7,937,338. The business's 50 day moving average price is $151.35 and its 200-day moving average price is $152.91. The firm has a market capitalization of $245.25 billion, a PE ratio of 14.33, a P/E/G ratio of 1.46 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. 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 posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 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 in the previous year, the business posted $3.45 earnings per share. As a group, sell-side analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently declared 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 was Friday, February 14th. This is a positive change from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 4.91%. Chevron's payout ratio is 70.37%.

Insiders Place Their Bets

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 company insiders.

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.