Tanager Wealth Management LLP Has $790,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Tanager Wealth Management LLP raised its holdings in Chevron Co. (NYSE:CVX) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,295 shares of the oil and gas company’s stock after acquiring an additional 86 shares during the quarter. Tanager Wealth Management LLP’s holdings in Chevron were worth $790,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CVX. RIA Advisory Group LLC raised its position in shares of Chevron by 5.4% during the fourth quarter. RIA Advisory Group LLC now owns 2,646 shares of the oil and gas company’s stock worth $395,000 after acquiring an additional 135 shares during the last quarter. Zhang Financial LLC increased its position in Chevron by 4.3% during the 4th quarter. Zhang Financial LLC now owns 3,441 shares of the oil and gas company’s stock valued at $513,000 after purchasing an additional 142 shares during the period. Beaumont Financial Advisors LLC raised its holdings in Chevron by 0.9% during the 4th quarter. Beaumont Financial Advisors LLC now owns 10,136 shares of the oil and gas company’s stock worth $1,512,000 after purchasing an additional 93 shares during the last quarter. Cutler Investment Counsel LLC lifted its position in shares of Chevron by 3.1% in the 4th quarter. Cutler Investment Counsel LLC now owns 72,129 shares of the oil and gas company’s stock worth $10,759,000 after purchasing an additional 2,180 shares during the period. Finally, Davidson Trust Co. boosted its stake in shares of Chevron by 2.3% in the 4th quarter. Davidson Trust Co. now owns 25,106 shares of the oil and gas company’s stock valued at $3,745,000 after purchasing an additional 559 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 1.5 %

Shares of CVX traded up $2.43 on Friday, reaching $160.00. The company’s stock had a trading volume of 7,592,840 shares, compared to its average volume of 8,519,150. The stock has a market capitalization of $297.16 billion, a PE ratio of 14.08, a PEG ratio of 2.36 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 Co. has a twelve month low of $139.62 and a twelve month high of $172.38. The firm has a fifty day moving average of $155.26 and a 200-day moving average of $151.90.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.19 by $0.26. The firm had revenue of $47.18 billion during the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.09 earnings per share. Equities analysts predict that Chevron Co. will post 13.27 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 4.08%. Chevron’s dividend payout ratio (DPR) is 57.39%.

Insiders Place Their Bets

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company’s stock, valued at approximately $44,184.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CVX shares. Piper Sandler lifted their target price on shares of Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday. Mizuho lifted their price objective on Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. UBS Group upped their target price on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Jefferies Financial Group upgraded Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a report on Monday, January 8th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $184.75.

Chevron Company 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.