Jackson Hole Capital Partners LLC Boosts Stake in Chevron Co. (NYSE:CVX)

Jackson Hole Capital Partners LLC increased its stake in shares of Chevron Co. (NYSE:CVX) by 9.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,208 shares of the oil and gas company’s stock after purchasing an additional 1,177 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Chevron were worth $1,970,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the sale, the vice president now directly owns 276 shares in the company, valued at approximately $44,184.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Chevron Stock Up 1.0 %

NYSE:CVX traded up $1.70 during midday trading on Thursday, hitting $165.27. 9,694,216 shares of the company were exchanged, compared to its average volume of 8,464,199. The company has a fifty day simple moving average of $156.35 and a 200 day simple moving average of $151.84. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $306.95 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12.

Chevron (NYSE:CVX) last announced its quarterly earnings results 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. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The firm had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. During the same period last year, the business earned $4.09 EPS. Chevron’s revenue for the quarter was down 16.5% compared to the same quarter last year. As a group, equities analysts anticipate that Chevron Co. will post 13.58 earnings per share for the current fiscal 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 paid a dividend of $1.63 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s dividend payout ratio (DPR) is currently 57.39%.

Analysts Set New Price Targets

CVX has been the topic of a number of research reports. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $170.00 to $195.00 in a report on Thursday, April 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Raymond James increased their target price on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Royal Bank of Canada increased their target price on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Finally, UBS Group increased their target price on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $184.75.

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.