17,332 Shares in Chevron Co. (NYSE:CVX) Purchased by Fielder Capital Group LLC

Fielder Capital Group LLC bought a new position in shares of Chevron Co. (NYSE:CVX) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 17,332 shares of the oil and gas company’s stock, valued at approximately $2,585,000. Chevron accounts for about 1.6% of Fielder Capital Group LLC’s investment portfolio, making the stock its 14th largest position.

A number of other large investors have also modified their holdings of the business. Spring Capital Management LLC lifted its holdings in shares of Chevron by 4.1% during the 3rd quarter. Spring Capital Management LLC now owns 32,594 shares of the oil and gas company’s stock worth $5,496,000 after acquiring an additional 1,273 shares during the period. FSC Wealth Advisors LLC lifted its position in shares of Chevron by 14.8% in the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the oil and gas company’s stock worth $115,000 after buying an additional 88 shares during the last quarter. Financial Management Network Inc. boosted its holdings in shares of Chevron by 35.1% during the third quarter. Financial Management Network Inc. now owns 9,327 shares of the oil and gas company’s stock valued at $1,521,000 after acquiring an additional 2,424 shares during the period. Raymond James & Associates boosted its stake in Chevron by 7.1% during the 3rd quarter. Raymond James & Associates now owns 3,527,368 shares of the oil and gas company’s stock valued at $594,785,000 after purchasing an additional 234,569 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Chevron by 2.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,621,368 shares of the oil and gas company’s stock worth $273,395,000 after buying an additional 36,367 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the transaction, the vice president now directly owns 276 shares in the company, valued at $45,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chevron news, Director Enrique Hernandez, Jr. sold 5,098 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.50, for a total value of $833,523.00. Following the completion of the sale, the director now directly owns 2,549 shares of the company’s stock, valued at approximately $416,761.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was 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 approximately $45,540. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,247 shares of company stock worth $2,154,164. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CVX shares. TD Cowen upped their target price on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Truist Financial decreased their target price on Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research note on Friday, April 5th. UBS Group boosted their price target on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Jefferies Financial Group raised shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a report on Monday, January 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.35.

Chevron Stock Up 0.2 %

Shares of NYSE CVX traded up $0.37 during mid-day trading on Tuesday, reaching $162.67. The company had a trading volume of 6,718,377 shares, compared to its average volume of 8,464,016. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23. The company has a market capitalization of $300.45 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 2.37 and a beta of 1.11. The stock has a fifty day moving average of $157.41 and a two-hundred day moving average of $151.48. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $171.70.

Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The company had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. During the same quarter in the prior year, the firm earned $3.55 EPS. The company’s revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Chevron Co. will post 13.53 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, May 16th. Chevron’s dividend payout ratio is currently 59.98%.

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.