Vista Capital Partners Inc. Has $788,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Vista Capital Partners Inc. lifted its position in Chevron Co. (NYSE:CVX - Free Report) by 107.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,443 shares of the oil and gas company's stock after purchasing an additional 2,815 shares during the quarter. Vista Capital Partners Inc.'s holdings in Chevron were worth $788,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Chevron by 14.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 223,561 shares of the oil and gas company's stock valued at $32,924,000 after purchasing an additional 27,483 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Chevron by 1.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 183,558 shares of the oil and gas company's stock valued at $27,032,000 after acquiring an additional 2,671 shares during the period. Plimoth Trust Co. LLC raised its position in shares of Chevron by 0.5% in the 3rd quarter. Plimoth Trust Co. LLC now owns 38,533 shares of the oil and gas company's stock valued at $5,675,000 after acquiring an additional 199 shares during the period. Community Financial Services Group LLC raised its position in shares of Chevron by 3.4% in the 3rd quarter. Community Financial Services Group LLC now owns 14,320 shares of the oil and gas company's stock valued at $2,109,000 after acquiring an additional 473 shares during the period. Finally, Waterway Wealth Management LLC raised its position in shares of Chevron by 5.3% in the 3rd quarter. Waterway Wealth Management LLC now owns 7,077 shares of the oil and gas company's stock valued at $1,042,000 after acquiring an additional 358 shares during the period. Institutional investors own 72.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CVX. Citigroup upgraded shares of Chevron from a "neutral" rating to a "buy" rating and increased their price target for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. DZ Bank upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a research report on Tuesday, November 5th. Truist Financial cut their price target on shares of Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on shares of Chevron from $188.00 to $184.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, Piper Sandler lowered their target price on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.13.

Chevron Stock Up 0.9 %

Shares of CVX traded up $1.44 during mid-day trading on Thursday, hitting $158.67. 3,217,749 shares of the company's stock were exchanged, compared to its average volume of 7,294,293. The company has a market cap of $285.14 billion, a PE ratio of 16.32, a P/E/G ratio of 1.43 and a beta of 1.11. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The company has a 50-day simple moving average of $151.82 and a 200 day simple moving average of $150.85. 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 (NYSE:CVX - Get Free Report) last issued its quarterly 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 quarter in the prior year, the firm earned $3.45 EPS. On average, research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Friday, February 14th. This is an increase from Chevron's previous quarterly dividend of $1.63. Chevron's dividend payout ratio is presently 70.37%.

Insider Activity

In other news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was 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 owns 1,057 shares of the company's stock, valued at approximately $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by 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.