Chevron Co. (NYSE:CVX) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in Chevron Co. (NYSE:CVX) by 71.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,178 shares of the oil and gas company’s stock after acquiring an additional 110,061 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Chevron were worth $38,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of Chevron by 60.1% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 2,242 shares of the oil and gas company’s stock worth $325,000 after buying an additional 842 shares during the period. United Bank lifted its position in shares of Chevron by 19.2% in the 4th quarter. United Bank now owns 9,652 shares of the oil and gas company’s stock valued at $1,398,000 after acquiring an additional 1,557 shares in the last quarter. Joseph Group Capital Management boosted its stake in Chevron by 14.2% in the 4th quarter. Joseph Group Capital Management now owns 18,728 shares of the oil and gas company’s stock worth $2,713,000 after purchasing an additional 2,335 shares during the period. Sanctuary Wealth Management L.L.C. grew its position in Chevron by 29.2% during the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 420 shares of the oil and gas company’s stock worth $61,000 after purchasing an additional 95 shares in the last quarter. Finally, Life Planning Partners Inc acquired a new stake in Chevron during the 4th quarter valued at $25,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Down 0.4 %

Shares of CVX stock opened at $166.06 on Friday. The company has a market capitalization of $292.37 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock’s 50 day simple moving average is $157.10 and its 200 day simple moving average is $153.49. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $168.96.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $3.45 earnings per share. As a group, research analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $1.71 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a yield of 4.12%. Chevron’s payout ratio is currently 70.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CVX shares. Wells Fargo & Company lowered their price target on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Raymond James lowered their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. UBS Group reduced their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. Finally, Piper Sandler reduced their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.13.

Insider Buying and Selling at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the completion of the transaction, the vice president now owns 1,057 shares of the company’s stock, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Chevron 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.