Chevron Co. (NYSE:CVX) Shares Acquired by PYA Waltman Capital LLC

PYA Waltman Capital LLC lifted its position in shares of Chevron Co. (NYSE:CVX) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,630 shares of the oil and gas company’s stock after buying an additional 1,256 shares during the period. PYA Waltman Capital LLC’s holdings in Chevron were worth $1,884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management acquired a new stake in Chevron in the 3rd quarter valued at $26,000. Valley Forge Investment Consultants Inc. ADV increased its holdings in Chevron by 80.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in Chevron in the 4th quarter valued at $33,000. Legacy Financial Group LLC acquired a new stake in Chevron in the 3rd quarter valued at $43,000. Finally, Roble Belko & Company Inc boosted its position in Chevron by 77.3% in the 4th quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 150 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chevron

In related news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total transaction of $462,000.00. Following the transaction, the vice president now owns 276 shares in the company, valued at $45,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Chevron Stock Performance

NYSE CVX traded down $1.79 during trading hours on Wednesday, reaching $159.48. The company’s stock had a trading volume of 1,372,929 shares, compared to its average volume of 8,367,524. The business has a 50-day simple moving average of $156.96 and a 200 day simple moving average of $151.68. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70. The stock has a market cap of $296.20 billion, a PE ratio of 14.84, a PEG ratio of 2.43 and a beta of 1.12. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The company had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. During the same quarter last year, the business earned $3.55 earnings per share. Chevron’s revenue was down 4.1% compared to the same quarter last year. Equities research analysts predict that Chevron Co. will post 13.71 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.09%. Chevron’s payout ratio is currently 59.98%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CVX. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. HSBC upped their price objective on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday. Mizuho upped their price objective on shares of Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Barclays initiated coverage on shares of Chevron in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective for the company. Finally, TD Cowen increased their price target on shares of Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $185.35.

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.