Chevron Co. (NYSE:CVX) Shares Bought by Trajan Wealth LLC

Trajan Wealth LLC raised its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,567 shares of the oil and gas company's stock after acquiring an additional 2,372 shares during the period. Trajan Wealth LLC's holdings in Chevron were worth $4,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norinchukin Bank The grew its stake in shares of Chevron by 8.9% in the 4th quarter. Norinchukin Bank The now owns 91,052 shares of the oil and gas company's stock valued at $13,188,000 after buying an additional 7,442 shares during the period. Ossiam acquired a new position in shares of Chevron in the fourth quarter valued at approximately $4,399,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Chevron by 9.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 88,473 shares of the oil and gas company's stock worth $12,814,000 after acquiring an additional 7,529 shares during the period. Capital International Inc. CA boosted its position in Chevron by 11.2% during the fourth quarter. Capital International Inc. CA now owns 119,337 shares of the oil and gas company's stock worth $17,285,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Capital World Investors raised its position in shares of Chevron by 11.4% during the 4th quarter. Capital World Investors now owns 14,079,656 shares of the oil and gas company's stock worth $2,039,288,000 after purchasing an additional 1,440,808 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CVX shares. Truist Financial dropped their price target on shares of Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Raymond James dropped their target price on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Redburn Atlantic reaffirmed a "sell" rating and issued a $124.00 price target (down from $156.00) on shares of Chevron in a report on Wednesday. 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 company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $165.71.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction that occurred 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 sale, the vice president now directly owns 1,057 shares in the company, valued at $161,192.50. This trade represents a 89.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

Chevron Stock Up 1.6 %

Shares of NYSE CVX traded up $2.18 during mid-day trading on Thursday, hitting $138.86. 3,909,661 shares of the stock traded hands, compared to its average volume of 7,940,723. The stock has a fifty day moving average price of $152.37 and a 200-day moving average price of $153.10. Chevron Co. has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a market cap of $244.48 billion, a price-to-earnings ratio of 14.30, 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.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) 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 firm earned $3.45 earnings per share. Research analysts anticipate that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $1.71 dividend. The ex-dividend date was Friday, February 14th. This is a boost from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.93%. Chevron's dividend payout ratio is presently 70.37%.

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.