Schnieders Capital Management LLC Increases Stake in Chevron Co. (NYSE:CVX)

Schnieders Capital Management LLC lifted its stake in Chevron Co. (NYSE:CVX) by 8.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,111 shares of the oil and gas company’s stock after purchasing an additional 4,005 shares during the quarter. Chevron comprises about 1.6% of Schnieders Capital Management LLC’s portfolio, making the stock its 15th largest holding. Schnieders Capital Management LLC’s holdings in Chevron were worth $7,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wedge Capital Management L L P NC raised its position in Chevron by 4.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 3,088 shares of the oil and gas company’s stock worth $521,000 after buying an additional 135 shares during the last quarter. PSI Advisors LLC grew its stake in shares of Chevron by 5.7% during the 3rd quarter. PSI Advisors LLC now owns 11,050 shares of the oil and gas company’s stock worth $1,863,000 after purchasing an additional 591 shares during the period. Cornell Pochily Investment Advisors Inc. grew its stake in shares of Chevron by 1.5% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 11,867 shares of the oil and gas company’s stock worth $2,001,000 after purchasing an additional 174 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of Chevron by 0.8% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 11,687 shares of the oil and gas company’s stock worth $1,971,000 after purchasing an additional 89 shares during the period. Finally, City Holding Co. grew its stake in shares of Chevron by 0.5% during the 3rd quarter. City Holding Co. now owns 40,822 shares of the oil and gas company’s stock worth $6,883,000 after purchasing an additional 206 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Up 0.6 %

NYSE:CVX traded up $0.93 on Tuesday, reaching $162.85. The company’s stock had a trading volume of 5,533,624 shares, compared to its average volume of 8,459,302. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $172.38. The stock has a 50 day moving average price of $155.88 and a 200 day moving average price of $151.66. The firm has a market cap of $302.46 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.26. The firm had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. Chevron’s revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.09 EPS. On average, equities analysts anticipate that Chevron Co. will post 13.58 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $1.63 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Thursday, February 15th. Chevron’s dividend payout ratio is currently 57.39%.

Analysts Set New Price Targets

CVX has been the topic of a number of analyst reports. Raymond James raised their price objective on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $170.00 to $195.00 in a research note on Thursday, April 11th. UBS Group lifted their price target on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, TD Cowen cut shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and an average target price of $184.75.

Insider Buying and Selling

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the sale, the vice president now 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 the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.