Chevron Co. (NYSE:CVX) Shares Bought by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. increased its position in Chevron Co. (NYSE:CVX - Free Report) by 49.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,607 shares of the oil and gas company's stock after purchasing an additional 6,822 shares during the period. ST Germain D J Co. Inc.'s holdings in Chevron were worth $2,985,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tacita Capital Inc grew its position in Chevron by 16.7% during the 3rd quarter. Tacita Capital Inc now owns 454 shares of the oil and gas company's stock worth $67,000 after purchasing an additional 65 shares during the period. Wallace Capital Management Inc. grew its holdings in Chevron by 0.8% during the third quarter. Wallace Capital Management Inc. now owns 8,229 shares of the oil and gas company's stock worth $1,212,000 after acquiring an additional 65 shares during the period. Cyndeo Wealth Partners LLC raised its position in Chevron by 0.3% during the third quarter. Cyndeo Wealth Partners LLC now owns 19,769 shares of the oil and gas company's stock valued at $2,911,000 after acquiring an additional 67 shares in the last quarter. S.A. Mason LLC raised its position in Chevron by 0.7% during the third quarter. S.A. Mason LLC now owns 9,033 shares of the oil and gas company's stock valued at $1,330,000 after acquiring an additional 67 shares in the last quarter. Finally, Jag Capital Management LLC boosted its position in Chevron by 5.2% in the 3rd quarter. Jag Capital Management LLC now owns 1,366 shares of the oil and gas company's stock worth $201,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CVX shares. DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a report on Tuesday, November 5th. Bank of America began coverage on shares of Chevron in a research note on Thursday, October 17th. They set a "buy" rating and a $168.00 target price on the stock. UBS Group lifted their price target on Chevron from $194.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Wells Fargo & Company increased their price target on Chevron from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Mizuho dropped their price objective on Chevron from $205.00 to $189.00 and set an "outperform" rating on the stock in a report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Chevron presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.60.

Insider Activity

In related news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 4,280 shares of the company's stock, valued at approximately $685,356.40. This represents a 97.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Chevron Trading Up 2.0 %

Shares of NYSE CVX traded up $2.99 during midday trading on Friday, reaching $153.29. 11,072,996 shares of the stock were exchanged, compared to its average volume of 7,553,708. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The stock has a market capitalization of $275.48 billion, a P/E ratio of 16.85, a PEG ratio of 2.93 and a beta of 1.12. The company has a 50 day simple moving average of $153.69 and a 200 day simple moving average of $150.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. The business had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company's quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.05 EPS. As a group, equities analysts expect that Chevron Co. will post 10.5 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Monday, November 18th. Chevron's dividend payout ratio is presently 71.65%.

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.