Chevron Co. (NYSE:CVX) Shares Acquired by Xponance Inc.

Xponance Inc. grew its holdings in Chevron Co. (NYSE:CVX) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,656 shares of the oil and gas company’s stock after buying an additional 20,519 shares during the quarter. Xponance Inc.’s holdings in Chevron were worth $33,510,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CVX. Picton Mahoney Asset Management purchased a new position in Chevron in the 3rd quarter valued at approximately $26,000. Valley Forge Investment Consultants Inc. ADV increased its position 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 worth $30,000 after buying an additional 80 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in Chevron during the fourth quarter worth $33,000. Worth Asset Management LLC purchased a new position in Chevron during the first quarter worth $36,000. Finally, Legacy Financial Group LLC purchased a new position in Chevron during the third quarter worth $43,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Up 0.7 %

Shares of NYSE:CVX traded up $1.17 during trading on Thursday, hitting $157.57. The company’s stock had a trading volume of 4,874,415 shares, compared to its average volume of 8,512,467. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $172.38. The stock’s 50-day moving average price is $155.19 and its two-hundred day moving average price is $151.86. The company has a market capitalization of $292.65 billion, a PE ratio of 13.83, a PEG ratio of 2.30 and a beta of 1.12.

Chevron (NYSE:CVX) last released 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 return on equity of 15.24% and a net margin of 10.63%. The business had revenue of $47.18 billion for the quarter, compared to analysts’ expectations of $50.93 billion. During the same quarter in the previous year, the firm posted $4.09 earnings per share. The company’s revenue was down 16.5% compared to the same quarter last year. As a group, sell-side analysts expect that Chevron Co. will post 13.56 EPS for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $1.63 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.52 annualized dividend and a dividend yield of 4.14%. Chevron’s payout ratio is 57.39%.

Analysts Set New Price Targets

Several research firms have weighed in on CVX. Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $170.00 to $195.00 in a research report on Thursday, April 11th. Mizuho raised their price target on Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Wells Fargo & Company raised their price target on Chevron from $185.00 to $198.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a research report on Monday, April 1st. Finally, Barclays started coverage on Chevron in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective for the company. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.75.

Insider Activity at Chevron

In related news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was 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 $44,184.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by corporate 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.