Chevron Co. (NYSE:CVX) Shares Bought by MONECO Advisors LLC

MONECO Advisors LLC raised its stake in Chevron Co. (NYSE:CVX) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,516 shares of the oil and gas company’s stock after purchasing an additional 1,724 shares during the period. MONECO Advisors LLC’s holdings in Chevron were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Pekin Hardy Strauss Inc. raised its position in Chevron by 7.5% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 38,561 shares of the oil and gas company’s stock valued at $5,585,000 after purchasing an additional 2,700 shares in the last quarter. Howard Capital Management Inc. raised its position in Chevron by 3.2% in the 4th quarter. Howard Capital Management Inc. now owns 19,075 shares of the oil and gas company’s stock valued at $2,763,000 after purchasing an additional 598 shares in the last quarter. Integral Investment Advisors Inc. raised its position in Chevron by 4.0% in the 4th quarter. Integral Investment Advisors Inc. now owns 14,457 shares of the oil and gas company’s stock valued at $2,094,000 after purchasing an additional 560 shares in the last quarter. Theory Financial LLC raised its position in Chevron by 10.7% in the 4th quarter. Theory Financial LLC now owns 2,077 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 200 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its position in Chevron by 390.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 2,628 shares of the oil and gas company’s stock valued at $381,000 after purchasing an additional 2,092 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CVX. Barclays reduced their price target on Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and set a $175.00 target price on shares of Chevron in a research report on Monday, February 3rd. DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Tuesday, November 5th. Raymond James cut their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and an average target price of $174.13.

Chevron Trading Down 1.2 %

CVX opened at $156.92 on Friday. The firm has a market cap of $282.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The business’s 50 day moving average is $151.97 and its two-hundred day moving average is $151.05. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period last year, the business posted $3.45 EPS. On average, research analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $1.71 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Friday, February 14th. Chevron’s dividend payout ratio (DPR) is 70.37%.

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.