Chevron Co. (NYSE:CVX) Shares Purchased by Buckley Wealth Management LLC

Buckley Wealth Management LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 114,042 shares of the oil and gas company’s stock after purchasing an additional 4,685 shares during the quarter. Chevron comprises 5.9% of Buckley Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Buckley Wealth Management LLC’s holdings in Chevron were worth $17,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CVX. Addison Capital Co lifted its stake in Chevron by 1.9% during the second quarter. Addison Capital Co now owns 3,339 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 63 shares during the last quarter. NCM Capital Management LLC lifted its position in shares of Chevron by 1.2% during the 1st quarter. NCM Capital Management LLC now owns 5,570 shares of the oil and gas company’s stock worth $909,000 after buying an additional 65 shares during the last quarter. Sweet Financial Partners LLC boosted its stake in Chevron by 0.7% in the third quarter. Sweet Financial Partners LLC now owns 8,761 shares of the oil and gas company’s stock valued at $1,477,000 after buying an additional 65 shares in the last quarter. Strategic Investment Advisors MI grew its position in Chevron by 3.8% in the third quarter. Strategic Investment Advisors MI now owns 1,758 shares of the oil and gas company’s stock valued at $296,000 after acquiring an additional 65 shares during the last quarter. Finally, Alera Investment Advisors LLC raised its stake in Chevron by 1.0% during the third quarter. Alera Investment Advisors LLC now owns 6,486 shares of the oil and gas company’s stock worth $1,094,000 after acquiring an additional 67 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Scotiabank cut Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 price target for the company. in a research note on Tuesday, January 16th. Royal Bank of Canada lifted their price target on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. TD Cowen downgraded Chevron from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $170.00 to $150.00 in a research note on Tuesday, January 23rd. UBS Group cut their target price on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Finally, Mizuho lifted their price target on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average target price of $180.39.

Chevron Stock Up 1.1 %

Shares of Chevron stock traded up $1.76 on Thursday, reaching $158.11. The company’s stock had a trading volume of 4,733,094 shares, compared to its average volume of 8,712,957. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $172.88. The firm’s fifty day simple moving average is $151.34 and its two-hundred day simple moving average is $152.65. The company has a market capitalization of $293.65 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 2.38 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. The company had revenue of $47.18 billion for the quarter, compared to analysts’ expectations of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. Chevron’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period last year, the firm earned $4.09 EPS. Equities analysts anticipate that Chevron Co. will post 13.04 earnings per share for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a $1.63 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.52 annualized dividend and a yield of 4.12%. This is a positive change from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio (DPR) is currently 57.39%.

About Chevron

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.