Chevron Co. (NYSE:CVX) Shares Bought by Rather & Kittrell Inc.

Rather & Kittrell Inc. increased its holdings in Chevron Co. (NYSE:CVX) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,491 shares of the oil and gas company’s stock after acquiring an additional 277 shares during the quarter. Rather & Kittrell Inc.’s holdings in Chevron were worth $521,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research firms have weighed in on CVX. Truist Financial lowered their target price on shares of Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. TD Cowen downgraded Chevron from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Piper Sandler raised their price target on Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Finally, Mizuho increased their target price on Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $184.75.

Chevron Price Performance

Shares of NYSE:CVX traded up $0.55 during trading on Friday, reaching $165.83. The company had a trading volume of 9,733,427 shares, compared to its average volume of 8,480,016. The firm’s fifty day moving average is $156.58 and its 200 day moving average is $151.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The firm has a market capitalization of $307.99 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $171.70.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.13). Chevron had a net margin of 10.63% and a return on equity of 15.24%. The firm had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. During the same period in the previous year, the business posted $3.55 earnings per share. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Chevron Co. will post 13.58 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued 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 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Thursday, February 15th. Chevron’s payout ratio is presently 57.39%.

Insiders Place Their Bets

In other news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the transaction, the vice president now owns 276 shares in the company, valued at approximately $44,184.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

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.